Big Lots (BIG) reported earnings Thur 23 Aug 2012

Big Lots (BIG) shares led S&P 500 decliners Thursday morning, plunging 21% to $30.63. Big Lots, a seller of discounted goods ranging from everyday household items to food, slashed its fiscal year profit outlook after its U.S. comparable-store sales fell 1.9% during its fiscal second-quarter. For the year, Big Lots is forecasting its comparable-store sales to decline in the "low single digit range." Ohio-based Big Lots operates 1,463 stores in 48 United States. Its stock is now down 4% over the past 12 months.

** charts after earnings **