Big Lots Beats Estimates, Q3 and Q4 Guidance Inline, Raises FY Guidance (BIG)
Tue. August 25, 2009; Posted: 07:39 AM
Aug 25, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 8/25/2009-Big Lots (NYSE:BIG) reported Q2 EPS of 35 cents, ex-items, topping consensus estimates of 30 cents. Revenues in the quarter slipped 2% year-over-year to $1.09 billion, but came in slightly higher than consensus estimates of $1.08 billion. Big Lots expects Q3 EPS of $0.14 - $0.17, vs. consensus estimates of $0.16, with comparable store sales in a range of flat to 2% decrease. Big Lots expects Q4 EPS of $0.99 - $1.04, vs. consensus estimates of $1.03, with comparable store sales in the range of flat to slightly up. The company raised its full-year 2009 EPS guidance to $1.92 - $2.02, vs. consensus estimates of $1.93.
Write to Chip Brian at cbrian@tradethetrend.com
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