Friday, December 6, 2019

Big Lots narrows loss

Chain Store Age
Big Lots beat analysts’ expectations in its third-quarter and sounded an optimistic note about the coming year.

The close-out retailer reported that its net income totaled $126.98 million compared to a loss of $6.6 million in the year-ago period. 

Sales rose 1.6% to $1.17 billion, better than analysts expected. Same-store sales were down 0.1%.. . . more