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 It had withdrawn its financial guidance for the first quarter and full year 2020 in late March.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
Rapala USA has recalled about 128,000 units of Rechargeable Fillet Knives due to fire hazard, according to the U.S. Consumer Product Safety Commission. The recall involves the Rapala Rechargeable Fillet Knife with item number RRFN. The knife handles are black and gray, and the Rapala logo is printed in red on the handle, along with the word ION in white. Facebook said it has launched an improved version of its automatic alternative text or AAT feature to improve photo descriptions for its users who are blind or visually impaired. AAT utilizes object recognition to generate descriptions of photos on demand so that blind or visually impaired, or BVI individuals, can more fully enjoy their News Feed. Morgan Stanley (MS) reported Wednesday a profit for the fourth-quarter that climbed 57 percent from last year, reflecting strong performance across all three business segments. Both earnings per share and quarterly revenue beat analysts' estimates.
Follow RTT