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Friday, December 6, 2019

Big Lots (BIG) reported earnings on Fri 6 Dec 19 (b/o)

** charts after earnings **


Big Lots beats by $0.02, reports revs in-line; guides Q4 EPS mid point below consensus; Q3 comps -0.1%

  • Reports Q3 (Oct) loss of $0.18 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of ($0.20); revenues rose 1.6% year/year to $1.17 bln vs the $1.16 bln S&P Capital IQ Consensus.
  • Comparable sales decreased 0.1% for the third quarter of fiscal 2019, compared to guidance of approximately flat.
  • Co issues guidance for Q4, sees EPS of $2.40-2.55, excluding non-recurring items, vs. $2.55 S&P Capital IQ Consensus; sees Q4 comps up slightly.
  • Co said ". After a year of restructuring and transition in 2019, and despite the ongoing impact of tariffs, we expect to return to EBIT and EPS growth in 2020, including significant improvement in normalized free cash flow."
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