August 25, 2017 / 10:31 AM / a month ago

BRIEF-Big Lots Inc reports Q2 earnings of $0.67 per share

Aug 25 (Reuters) - Big Lots Inc:

* Reported adjusted earnings of $0.67 per share in Q2 2017

* Its Q2 earnings per share stood at $0.67

* Net Sales for Q2 of fiscal 2017 rose by 1.5% to $1,221.3 million

* Thomson Reuters I/B/E/S had forecast Q2 earnings per share of $0.62 on a revenue of $1.21 billion

* Q2 same store sales rose 1.8 percent

* Inventory at the end of Q2 of fiscal 2017 stood at $810 million, compared to $809 million for the same period in fiscal 2016​

* Expects Q3 2017 earnings per share to be in a range of $0.01 to $0.05

* Thomson Reuters I/B/E/S forecasts Q3 earnings of $0.04 per share

* Expects Q4 2017 earnings per share to be in a range of $2.30 to $2.38

* Expects fiscal 2017 earnings per share to be in a range of $4.15 to $4.25

* Thomson Reuters I/B/E/S forecasts FY 2017 earnings of $3.59 per share

* Expects Q3 comparable store sales to rise in low single digits​

* ‍Affirmed guidance for fiscal 2017 cash flow of $180 to $190 million​ Source text for Eikon: Further company coverage: (Reporting by Jaslein Mahil)

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