Big Lots Reports Q1 Results
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May 29, 2020 11:14 AM EDT
Loop Capital analyst Anthony Chukumba raised the price target on Big Lots (NYSE: BIG) to $35.00 (from $15.00) while maintaining a Hold rating.
The analyst commented, "Big Lots was the latest deep discount retailer to far exceed consensus expectations in F1Q 2020, including the best... More
May 29, 2020 6:02 AM EDT
(Updated - May 29, 2020 6:12 AM EDT)
Big Lots (NYSE: BIG) reported Q1 EPS of $1.26, $0.94 better than the analyst estimate of $0.32. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.31 billion.
COMPARABLE SALES INCREASE 10.3%STORE COMPS UP 10%ECOMMERCE DIRECT COMPS UP 45%EARNINGS PER SHARE OF $1.26 INCREASE 37%
Commenting on today's announcement, Bruce Thorn, President and CEO of Big Lots stated, "I am very proud of our team over the past quarter. We've grown as an organization through these unprecedented... More
