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Big Lots Q2 income $29.1 million

Big Lots
Big Lots   Net sales increased 1.5%

Big Lots reported income of $29.1 million, or $0.67 per diluted share, for the second quarter of fiscal 2017 ended July 29, 2017.


This result compares to our guidance of income in the range of $0.58 to $0.63 per diluted share and represents a 29% increase over adjusted income of $23.4 million, or $0.52 per diluted share, for the second quarter of fiscal 2016.

Comparable store sales increased 1.8% for the second quarter of fiscal 2017, compared to our guidance of a low single digit increase.

Net sales for the second quarter of fiscal 2017 increased 1.5% to $1,221.3 million, a result of the comparable store sales increase partially offset by a lower store count year-over-year.

 

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