- 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.
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