Big Lots (BIG) reported earnings on Fri 31 August 2018 (b/o)

** charts before earnings **

  

** charts after earnings **

  

Big Lots misses by $0.08, reports revs in-line; guides Q3 EPS in-line; guides Q4 (Jan) EPS in-line; lowers FY19 EPS below consensus 

• Reports Q2 (Jul) earnings of $0.59 per share, $0.08 worse than the S&P Capital IQ Consensus of $0.67; revenues rose 0.2% year/year to $1.22 bln vs the $1.23 bln S&P Capital IQ Consensus.
  • Comparable store sales increase 1.6%

Outlook

• Co issues in-line guidance for Q3, sees EPS of ($0.06)-$0.04 vs. $0.02 S&P Capital IQ Consensus.
  • Provides initial Q3 guidance for comparable store sales increase of +2-4%
• Co issues in-line guidance for Q4 (Jan), sees EPS of $2.90-3.00 vs. $2.96 S&P Capital IQ Consensus.
  • Provides initial Q4 guidance for comparable store sales increase in the low single digits
• Co issues downside guidance for FY19, sees EPS of $4.40-4.55 vs. $4.57 S&P Capital IQ Consensus, and down from prior guidance of $4.50-4.70
  • Affirms guidance for fiscal year comparable store sales increase of approximately 1%