COLUMBUS, Ohio (

TheStreet

) -- Retailer

Big Lots

(BIG) - Get Report

said second-quarter profit fell 8% as same-store sales fell 1.5%.

Big Lots earned $35.7 million, or 50 cents a share, compared with year-earlier earnings of $38.9 million, or 48 cents a share. There were fewer shares outstanding in the latest second quarter.

Excluding the impact of its new Canadian operations, Big Lots said non-GAAP income from continuing operations was $36.9 million, or $52 cents a share.

Sales rose 2.2% to $1.17 billion, Big Lots said Thursday.

Analysts were expecting earnings of 44 cents a share on revenue of $1.16 billion.

The retailer updated its fiscal-year earnings guidance to $2.80 to $2.90 a share from a previous expectation of $2.75 to $2.90 a share.

-- Written by Joseph Woelfel

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