Big Lots (BIG) reported earnings on Fri 7 Dec 18 (b/o)

** charts before earnings **

  

** charts after earnings **

  

 Big Lots misses by $0.16, reports revs in-line; Q3 comps +3.4% in line with guidance; guides Q4 EPS below consensus; sees Q4 comps +0-2%

• Reports Q3 (Oct) loss of $0.16 per share, $0.16 worse than the S&P Capital IQ Consensus of ($0.00); revenues rose 3.6% year/year to $1.15 bln vs the $1.14 bln S&P Capital IQ Consensus. Comparable store sales for the third quarter of fiscal 2018 increased 3.4% compared to our guidance of +2% to +4%. 
• Co issues downside guidance for Q4, sees adjusted EPS of $2.20-2.40 vs. $2.93 S&P Capital IQ Consensus. This guidance is based on a comparable store sales in the range of flat to an increase of 2%.