Big Lots ( NYSE:BIG ) First Quarter 2025 Results Key Financial Results Revenue: US$1.01b (down 10% from 1Q 2024). Net...
Shares of discount retail company Big Lots (NYSE:BIG) fell 27.2% in the pre-market session after the company reported first-quarter earnings results. Its revenue and EPS unfortunately missed analysts' expectations as its same-store sales underperformed. On top of that, its full-year same-store sales forecast fell short of Wall Street's estimates, implying a weak operating environment. Management provided some reasons for the weakness, adding, "We missed our sales goals due largely to a continued
Big Lots (BIG) is taking aggressive measures to drive comparable sales growth later in the year and into 2025 while maintaining year-over-year improvements in gross margin rates.