Big Lots, Inc. (BIG) announced the company now estimates fiscal 2016 adjusted income from continuing operations to be in the range of $3.45 to $3.55 per share, compared to previous guidance of $3.35 to $3.50 per share. The outlook is based on a comparable store sales increase in the range of 1% to 2% and total sales up slightly. Big Lots estimate the financial performance will result in cash flow of approximately $210 million. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.47. Analysts' estimates typically exclude special items.
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