8:11 am Big Lots Delivers on Big Expectations
When a stock like discount retailer Big Lots (BIG 47.00, -0.20) is up 46% year-to-date, it goes without saying that its investors are expecting to hear good things. With its second quarter earnings report, Big Lots gave its investors what they wanted.
For the three-month period ended August 2, Big Lots reported a profit from continuing operations of $0.31 per diluted share. While that was down from $0.37 per diluted share in the year-ago period, it was above the guidance range of $0.24 to $0.30 the company provided on June 25.