Big Lots: confident about Q2
(CercleFinance.com) - In a trading update, the Big Lots discount retail group said that it expects Q2 adjusted EPS of 2.
50 dollars to 2.75 dollars, compared to 53 cents a year ago.
This outlook reflects a higher expected gross margin rate than a year ago and continued tight cost control, despite the inclusion of additional costs relating to Covid-19, it said.
Big Lots now forecass like-for-like sales growth in the mid to upper 20% range, saying that it has been seeing much better-than-expected growth since the beginning of the quarter.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
50 dollars to 2.75 dollars, compared to 53 cents a year ago.
This outlook reflects a higher expected gross margin rate than a year ago and continued tight cost control, despite the inclusion of additional costs relating to Covid-19, it said.
Big Lots now forecass like-for-like sales growth in the mid to upper 20% range, saying that it has been seeing much better-than-expected growth since the beginning of the quarter.
Copyright (c) 2020 CercleFinance.com. All rights reserved.