Big Lots Inc

NYSE:BIG   3:59:54 PM EDT
16.69
+1.08 (+6.92%)
Other Pre-Announcement

Big Lots Inc Q2 GAAP Loss Per Share $2.91

Published: 08/30/2022 10:12 GMT
Big Lots Inc (BIG) - Q2 GAAP Loss per Share $2.91.
Q2 Adjusted Non-GAAP Loss per Share $2.28.
Qtrly Adjusted EPS Loss of $2.28.
Qtrly Net Sales Totaled $1.35 Billion, a 7.6% Decrease Compared to $1.46 Billion for Same Period Last Year.
Inventory Ended Q2 of Fiscal 2022 at $1,159.0 Million Compared to $943.8 Million for Same Period Last Year.
Sees for Q3, One-year Comps to Be Down in Low Double-digit Range.
3-year Comparable Sales Growth Rate Was 3.6% in Q2 of Fiscal 2022.
Net New Stores and Relocations Contributed Approximately 160 Basis Points of Sales Growth Compared to Q2 of 2021.
Sees Continued Significant Promotional Activity in Q3, Resulting in a Quarter Gross Margin Rate Into Mid-30s.company Will Continue to Take Actions to Reduce Expenses.company is Not Providing EPS Guidance at This Point.
Big Lots- is Taking Aggressive Actions to Significantly Improve Gross Margin Rate in Q4, to a Rate That is Approximately In-line With Prior Year Quarter.
Q2 Earnings per Share View $-2.47, Revenue View $1.34 Billion -- Refinitiv Ibes Data (analyst estimates).