Tuesday, May 30, 2017

Big Lots has big quarter

Big Lots provided an upbeat outlook and posted a strong first quarter, beating profit expectations. 
 
The chain reported income of $51.5 million compared to $38.7 million in the year-ago period.
 
Same-store sales decreased 0.9%. Net sales decreased 1.2% to $1.30 million, a result of the comparable store sales decline and a lower store count year-over-year, just missing estimates.. . . more

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