Brief: Big Lots Q3 GAAP Loss Per Share $3.56

Former BL Stores

01/12/2022 11:22

Dec 1 (Reuters) - Big Lots Inc  BIG.N :
    * Q3 GAAP LOSS PER SHARE $3.56
    * Q3 ADJUSTED NON-GAAP LOSS PER SHARE $2.99
    * QTRLY ADJUSTED EPS LOSS OF $2.99
    * INVENTORY ENDED Q3 OF FISCAL 2022 AT $1,345 MILLION WITH
5.3%
INCREASE
    * INVENTORY REDUCTION EFFORTS ON TRACK
    * FOR Q4, COMPANY EXPECTS COMPS TO BE DOWN IN
LOW-DOUBLE-DIGIT
RANGE
    * SEES NET NEW STORES IN Q4 TO ADD ABOUT 170 BASIS POINTS OF
GROWTH VERSUS 2021
    * GIVEN AN ATYPICALLY WIDE RANGE OF OUTCOMES, COMPANY IS NOT
PROVIDING EPS GUIDANCE AT THIS POINT FOR Q4
    * Q3 EARNINGS PER SHARE VIEW $-2.94, REVENUE VIEW $1.21
BILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nPn6jQClba 
Further company coverage:  BIG.N 
 ((Reuters.Briefs@thomsonreuters.com;))