Big Lots moves higher on big Q1 earnings beat
Big Lots, Inc. (BIG) is up 4.0% Friday morning. The company reported first-quarter earnings of $1.15 per share, versus the consensus 99 cents. While profits were better than expected, the company’s sales fell a little short at $1.3 billion, versus the consensus $1.31 billion. Looking ahead, the company forecast second-quarter earnings in a range of 58 cents to 63 cents, higher than the 57 cents analysts have forecast.
Big Lots, Inc. (BIG) is a discount retailer.
Deckers Outdoor Corporation (DECK) and Costco Wholesale Corporation (COST) top the list of other companies with positive news today, while GameStop Corp. (GME) and Zoe’s Kitchen, Inc. (ZOES) top the list of companies with negative news.
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About Big Lots Inc.
Big Lots is a U.S.-based company principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one third of its stores in California, Texas, Ohio, and Florida.