Big Lots (BIG) reported earnings Fri 4 Dec 2015 (b/o)

** charts before earnings **

** charts after earnings **

 

Reporting a one-cent miss and raising the lower end of its earnings guidance.

Big Lots misses by $0.01, reports revs in-line; reaffirms Q4 EPS guidance; raises lower end of prior guidance for FY16 EPS in-line :

• Reports Q3 (Oct) loss of $0.01 per share, $0.01 worse than the Capital IQ Consensus of ($0.00); revenues rose 0.8% year/year to $1.12 bln vs the $1.12 bln Capital IQ Consensus.
  • Comparable store sales increase of 2.6% representing the seventh consecutive quarter of comp store sales growth
• Co reaffirms guidance for Q4, sees EPS of $1.95-2.00 vs. $1.97 Capital IQ Consensus Estimate.
  • Comparable store sales: Co reaffirms Q4 guidance for increase in the range of 1-2%
• Co raises lower end of prior guidance for FY16, sees EPS of $2.95-3.00 vs. $2.99 Capital IQ Consensus Estimate, compared to previous guidance of $2.90-3.00 per share