Big Lots (NASDAQ: BIG) 2Q19 Results: Revenue In Line But Comps Fall Short; Guides for Lower Comps

Executive Summary

• Big Lots reported 2Q19 revenues of $1.25 billion, up 2.5% year over year and in line with the consensus estimate.
• Comps increased 1.2%, on top of a 1.6% increase in the second quarter of last year.
• The company maintained its 2019 adjusted EPS guidanceof $3.70-$3.85 and updated its comp guidance to flat to slightly positive, from low-single-digit previously.