Big Lots (BIG) Misses Q1 EPS by 59c
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Big Lots Reports Q1 Results
June 6, 2024 7:00 AM EDTQ1 comparable sales decline due to challenging consumer environment; gross margins significantly improved year-over-year and continued reductions in adjusted operating expenses
Q1 GAAP EPS loss of $6.99; adjusted EPS loss of $4.51
Expect significant quarterly year-over-year gross margin rate improvements through 2024, with a path to positive comparable sales later in the yearÂ
On track to achieve 75% bargains penetration and, within that, 50% extreme bargains penetration by year-end
Raising Project Springboard cumulative... More
