Big Lots Q2 Adjusted EPS $(3.24) Beats $(4.12) Estimate, Sales $1.14B Beat $1.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Big Lots reported Q2 losses of $(3.24) per share, beating the analyst consensus estimate of $(4.12) by 21.36%. The company's quarterly sales were $1.14 billion, surpassing the analyst consensus estimate of $1.10 billion by 3.55%. However, this represents a 42.11% decrease in EPS and a 15.38% decrease in sales compared to the same period last year.
August 29, 2023 | 11:06 am
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NEUTRAL IMPACT
Big Lots reported better-than-expected Q2 results, with EPS and sales beating estimates. However, both EPS and sales decreased compared to the same period last year.
While Big Lots beat Q2 estimates, the YoY decrease in EPS and sales could potentially offset the positive impact of the earnings beat. The market's reaction will likely depend on whether investors focus more on the earnings beat or the YoY declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100