Analyst Warns of Short Squeeze in Big Lots (BIG)

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Big Lots Reports Second Quarter Adjusted Income From Continuing Operations Of $0.40 Per Diluted Share

August 28, 2015 6:00 AM EDT

COLUMBUS, Ohio, Aug. 28, 2015 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported income from continuing operations of $17.7 million, or $0.35 per diluted share, for the second quarter of fiscal 2015 ended August 1, 2015. This result includes a non-recurring, after tax expense of $2.7 million, or $0.05 per diluted share, associated with a merchandise-related legal contingency. Excluding this non-recurring expense, adjusted income from continuing operations totaled $20.4 million, or $0.40 per diluted share (see non-GAAP table included later in this release), which compares to our guidance of income in the range of $0.31 to $0.35 per diluted share. This result compares to... More