Big Lots (BIG) Misses Q2 EPS by 4c

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Big Lots Reports Q2 Results

August 27, 2021 6:00 AM EDT

COLUMBUS, Ohio, Aug. 27, 2021 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported net income of $37.7 million, or $1.09 per diluted share, for the second quarter of fiscal 2021 ended July 31, 2021, which compares to the company's guidance for the second quarter, as provided on May 28, 2021, of $1.00 to $1.15 per diluted share. Net income for the second quarter of fiscal 2020 was $452.0 million, or $11.29 per diluted share. This result included a one-time, after-tax benefit of $341.9 million, or $8.54 per diluted share, associated with the sale and leaseback transactions that closed during the second quarter of fiscal 2020. Excluding... More