COLUMBUS, Ohio, Sept. 18, 2017 /PRNewswire/ -- Big Lots,
Inc. (NYSE: BIG) announced today in advance of the Company's
Investor & Analyst Conference being held in Columbus, Ohio on September 19, 2017, it has affirmed guidance for
third quarter and full year fiscal 2017 as previously issued on
August 25, 2017.
GUIDANCE AFFIRMATION
- Affirms Q3 guidance for income of $0.01 to $0.05 per diluted share
- Affirms Q3 guidance for comparable store sales increase in
the low single digits
- Affirms full year guidance for income in the range of
$4.15 to $4.25 per diluted
share
Commenting on today's announcement, David Campisi, CEO and President stated, "In
advance of our Investor & Analyst Conference tomorrow, I am
pleased to share we have affirmed our Q3 sales and earnings
guidance and our financial view of the full fiscal year remains
unchanged. Our ownable and winnable merchandise strategies continue
to resonate with Jennifer, and we have exciting plans to share
about our future initiatives to improve her overall shopping
experience."
Mr. Campisi continued, "The two significant weather events of
the last few weeks tested our teams as we focused on the safety of
Jennifer and our associates, and I am proud of how we responded as
one team with one goal. I am relieved to report our associates are
safe, and our stores incurred relatively minimal damage with only
two stores remaining closed due to repairs."
2017 Investor & Analyst Conference Webcast
As
previously announced, we will host an Investor & Analyst
Conference on September 19, 2017 at
8:30 a.m. We invite you to view the
video webcast of the conference through the Investor Relations
section of our website http://www.biglots.com.
If you are unable to join the live webcast, an archive of the
conference will be available through the Investor Relations section
of our website http://www.biglots.com/ after 4:00 p.m. on Tuesday,
September 19, 2017 and remain available through midnight,
Tuesday, September 26, 2017. All
times are Eastern Time.
Headquartered in Columbus,
Ohio, Big Lots, Inc. (NYSE: BIG) is a unique,
non-traditional, discount retailer operating 1,428 BIG LOTS stores
in 47 states with product assortments in the merchandise categories
of Furniture, Seasonal, Soft Home, Food, Consumables, Hard Home,
and Electronics, Toys & Accessories. Our vision is to be
recognized for providing an outstanding shopping experience for our
customers, valuing and developing our associates, and creating
growth for our shareholders. Big Lots supports the communities it
serves through the Big Lots Foundation, a charitable organization
focused on four areas of need: hunger, housing, healthcare, and
education. For more information about the Company, visit
www.biglots.com.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements in this release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, and such statements are intended to qualify for
the protection of the safe harbor provided by the Act. The words
"anticipate," "estimate," "expect," "objective," "goal," "project,"
"intend," "plan," "believe," "will," "should," "may," "target,"
"forecast," "guidance," "outlook" and similar expressions generally
identify forward-looking statements. Similarly, descriptions of our
objectives, strategies, plans, goals or targets are also
forward-looking statements. Forward-looking statements relate to
the expectations of management as to future occurrences and trends,
including statements expressing optimism or pessimism about future
operating results or events and projected sales, earnings, capital
expenditures and business strategy. Forward-looking statements are
based upon a number of assumptions concerning future conditions
that may ultimately prove to be inaccurate. Forward-looking
statements are and will be based upon management's then-current
views and assumptions regarding future events and operating
performance, and are applicable only as of the dates of such
statements. Although we believe the expectations expressed in
forward-looking statements are based on reasonable assumptions
within the bounds of our knowledge, forward-looking statements, by
their nature, involve risks, uncertainties and other factors, any
one or a combination of which could materially affect our business,
financial condition, results of operations or liquidity.
Forward-looking statements that we make herein and in other
reports and releases are not guarantees of future performance and
actual results may differ materially from those discussed in such
forward-looking statements as a result of various factors,
including, but not limited to, current economic and credit
conditions, the cost of goods, our inability to successfully
execute strategic initiatives, competitive pressures, economic
pressures on our customers and us, the availability of brand name
closeout merchandise, trade restrictions, freight costs, the risks
discussed in the Risk Factors section of our most recent Annual
Report on Form 10-K, and other factors discussed from time to time
in our other filings with the SEC, including Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. This release should be
read in conjunction with such filings, and you should consider all
of these risks, uncertainties and other factors carefully in
evaluating forward-looking statements.
You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date thereof. We undertake
no obligation to publicly update forward-looking statements,
whether as a result of new information, future events or otherwise.
You are advised, however, to consult any further disclosures we
make on related subjects in our public announcements and SEC
filings.
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SOURCE Big Lots, Inc.