- Big Lots (BIG) shares are down 8.4% AH after the struggling retailer missed expectations in Q3.
- Q4 guidance is woefully below analyst expectations: EPS from U.S. ops is seen at $1.40-$1.55, while consolidated EPS (including Canadian ops) is forecast at $0.65-$0.90, vs. analyst consensus of $2.11. U.S. sales are seen down 6%-8% Y/Y on a "low to mid single digits" decline in comps vs. analyst expectations of a 1.4% Y/Y drop in revenue.
- Conference call at 8am ET tomorrow, PR
Big Lots -8.4% AH on Q3 miss, dour guidance
Dec 5 2013, 16:47 ET