Recently Big Lots reported its second quarter earnings, which turned out to be higher than analysts’ expectations.
The retail company’s adjusted earnings for the quarter came in at 53 cents a share, beating analysts’ estimate of 40 cents. However, the EPS was lower compared to the year-ago quarter’s 59 cents.
Revenue of $1.25 billion matched the Street expectations, while rising above the year-ago quarter’s $1.22 billion.
For the full-year, the company reiterated its outlook on earnings range, i.e. $3.70 to $3.85 a share. Analysts were expecting $3.76.
an operator of broad line closeout retail stores
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