logo
Plus   Neg
Share
Email

Big Lots Guides Q3 EPS Well Above Estimates - Quick Facts

Discount retailer Big Lots, Inc. (BIG) provided on Tuesday the expected results for the third quarter of fiscal 2020. The company estimates comparable sales will increase in the mid-teens for the quarter.

Based on this sales outlook, the company estimates it will generate earnings in a range of $0.50 to $0.70 per share for the third quarter. This guidance incorporates expected share repurchase activity for the quarter.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

The company said a month ago that it is not in a position to re-instate its financial guidance for the full-year 2020 as it continues to believe it does not have sufficient visibility amidst the ongoing COVID-19 pandemic. It had withdrawn its financial guidance for the first quarter and full year 2020 in late March.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
Follow RTT