For the quarter ended July 2018, the retailer had earnings of US$24.2mln or US$0.59 per share on revenue of US$1.2bn. The consensus earnings estimate was US$0.67 per share on revenue of US$1.2bn. Revenue grew 0.1% on a year-over-year basis.
Same-store sales rose 1.6%, ahead of the FactSet consensus of 1.0%.
Shares of the Columbus, Ohio-based discount retailer were down 11.8% to US$42.20.
The discount retailer said it expects third-quarter results to range from a loss of US$0.06 per share to earnings of US$0.04 per share. The current consensus estimate is earnings of US$0.01 per share for the quarter ending 31 October 2018.
Big Lots tried to soften the blow, by offering a US$0.30 dividend per common share.
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