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Last Update: 02-Dec-11 08:46 ET
Big Lots reports disappointing Q3 results; issues in-line guidance
Big Lots (BIG) reported Q3 (Oct) earnings of $0.06 per share, $0.03 worse than the Capital IQ Consensus Estimate of $0.09. Revenues rose 5.8% year/year to $1.12 bln vs the $1.13 bln consensus. BIG also issued in-line guidance for Q4, saying it sees EPS of $1.59-1.66 vs. $1.63 Capital IQ Consensus Estimate.
BIG also issued in-line guidance for FY12, sees EPS of $2.85-2.92 vs. $2.91 Capital IQ Consensus Estimate and above prior guidance of $2.80-2.90.
Q3 Comparable store sales for U.S. stores increased 1.7% while total U.S. sales. BIG is estimating fourth quarter comparable store sales increase of 1-2% for U.S. stores.
BIG also issued in-line guidance for FY12, sees EPS of $2.85-2.92 vs. $2.91 Capital IQ Consensus Estimate and above prior guidance of $2.80-2.90.
Q3 Comparable store sales for U.S. stores increased 1.7% while total U.S. sales. BIG is estimating fourth quarter comparable store sales increase of 1-2% for U.S. stores.
