Big Lots Inc. estimates its comparable sales to increase in mid-teens of the quarter, according to press release. Company estimates diluted EPS to range $0.50 to $0.70. Guidance includes quarter’s expected share repurchase activity.
- Strong sales performance puts Big Lots on track for another excellent quarter and gives a strong momentum into the holiday season- Bruce Thorn, President, and CEO
- Company committed to serving customers and communities in healthy and safe environments
- Company’s assortment well positioned against consumer demand, as Operation North Star initiatives gain traction.
- Company had an adjusted net loss of $0.18 per share in Q3 of 2019.
Big Lots responding favorably to the guidance report update. BIG: NYSE is up 4.88%