Big Lots Reports Second Quarter Sales Results Increase of 1.8%

Big Lots, Inc. BIG is reporting second quarter retail sales for the fiscal quarter ended July 30, 2011 of $1,152.7 million, an increase of 1.8% compared to $1,132.5 million for the second quarter of fiscal 2010. Comparable store sales for stores open at least two years at the beginning of the fiscal year decreased 1.5% for the second quarter of fiscal 2011. This result is consistent with our guidance issued on May 26, 2011 which called for comparable store sales in the range of flat to a decrease of 3%. Additionally, the actual results and our guidance do not include sales results from Big Lots Canada, formerly known as Liquidation World, acquired on July 18, 2011.