More on Big Lots' Q2

|About: Big Lots, Inc. (BIG)|By:, SA News Editor

Big Lots (NYSE:BIG) reports comparable-store sales rose 1.7% in Q2.

Gross margin rate flat compared to a year ago at 39.3%.

SG&A expense ratio +60 bps to 34.5%.

Inventory -12.6% to $799M.

Guidance: FY14 EPS outlook to $2.40-$2.50 vs. $2.35-$2.50 prior and $2.47 consensus.