Monday, June 4, 2018

Cool weather dampens sales at Big Lots

Chain Store Age
Big Lots fell short of analysts’ first-quarter expectations as a delayed spring cut into seasonal sales.

The close-out retailer reported income of $31.2 million for the quarter ended May 5, 2018. Adjusted income totaled $40.0 million. 

Net sales totaled $1.27 billion, down from $1.29 billion last year, missing analysts’ estimates of $1.28 billion. Same-store sales fell 3%.. . . more