Big Lots (NYSE: BIG ) reported earnings on Aug. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 28 (Q2), Big Lots missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Big Lots reported revenue of $1.22 billion. The 14 analysts polled by S&P Capital IQ wanted to see revenue of $1.24 billion on the same basis. GAAP reported sales were 4.4% higher than the prior-year quarter's $1.17 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.36. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.41 per share. GAAP EPS of $0.36 for Q2 were 28% lower than the prior-year quarter's $0.50 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.2%, 30 basis points worse than the prior-year quarter. Operating margin was 3.2%, 190 basis points worse than the prior-year quarter. Net margin was 1.8%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.15 billion. On the bottom line, the average EPS estimate is -$0.14.
Next year's average estimate for revenue is $5.45 billion. The average EPS estimate is $2.92.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 366 members out of 457 rating the stock outperform, and 91 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Big Lots a green thumbs-up, and 31 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Big Lots is outperform, with an average price target of $43.82.
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