Big Lots (BIG) Q1 Loss Wider Than Expected, Comps Fall Y/Y
Big Lots(BIG) ZACKS·2024-06-06 23:36
Shares of Big Lots, Inc. (BIG) fell during pre-market trading on Jun 6 after the company reported disappointing results for the first quarter of fiscal 2024 in a challenging consumer environment. This discount retail chain reported an adjusted loss of $4.51 per share for the quarter, which was wider than the Zacks Consensus Estimate of a loss of $4.23 and the year-ago period’s reported loss of $3.40.Net sales of this Columbus, OH-based company declined 10.2% year over year to $1,009.1 million, missing the c ...