Big Lots cuts its fiscal-year outlook after first-quarter earnings fall and comparable-store sales slip.
Big Lots Posts Lower 1Q Profit, Cuts Forecastdoi:urn:uuid:d5c348d5381b2310VgnVCM100000d7c1a8c0RCRDBig Lots' earnings fell a surprise 6.1% as the discount retailer reported lower sales at its established stores and higher costs.Matt Egan...
Big Lots said it now plans to report sales on a quarterly basis rather than a monthly basis. It also authorized the repurchase of up to $150 million of its shares. "The size of the repurchase program approximates the company's fiscal 2005free cash flowand fits well within the company's...
Big Lots, a retailer operating around 1,400 stores and employing over 30,000 workers, has been grappling with declining sales over the past few quarters, putting pressure on its balance sheet. Its stock has plunged more than 90% in the past year and dropped...
Despite flat comps, Big Lots' fourth quarter sales rose 3.8% to $1.45 billion. Home, furniture and seasonal were the best performers. The company said poor weather conditions during the last three weeks of January hampered same-store sales. The quarter ended Jan. 29. Preliminary sales tally ...
improve our ability to get product to our customers and increase sales and also keep that DC in stock or through – in capacity. So, we are doing that. We are doing the same thing down in the Southeast. We have opened up our forward distribution center there, making the existing DC in...
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