Big Lots Reports Q1 Results
BIGBig Lots(BIG) Prnewswire·2024-06-06 19:00

Q1 comparable sales decline due to challenging consumer environment; gross margins significantly improved year-over-year and continued reductions in adjusted operating expensesQ1 GAAP EPS loss of $6.99; adjusted EPS loss of $4.51Expect significant quarterly year-over-year gross margin rate improvements through 2024, with a path to positive comparable sales later in the year On track to achieve 75% bargains penetration and, within that, 50% extreme bargains penetration by year-endRaising Project Springboard ...