Big Lots (NASDAQ: BIG) 1Q19 Results: Revenues Narrowly Beat Consensus Estimates But Comps Falls Short

Key Points

• Big Lots reported 1Q19 revenues of $1.30 billion, up 2.2% year over year and marginally above the $1.29 billion consensus estimate. Adjusted EPS was $0.92, down 3.2% but beating the $0.70 consensus estimate.
• Comps increased 1.5%, compared to a decrease of 3.0% in the year-ago quarter.
• The company guided for a low single digit increase in comps in 2019 and adjusted EPS of $3.70-3.85, above the $3.64 consensus estimate.