Big Lots Q1 net income slides 21%, cuts full-year forecast

Columbus, Ohio -- Big Lots' profit slid 21% in the first quarter, to $32.3 million from $40.7 million, but adjusted results still met Wall Street forecasts. Still, the discounter lowered its full-year revenue forecast based on the performance.

Revenue edged up 2% in the quarter, to $1.31 billion, from $1.29 billion, just missing Wall Street’s expected $1.32 billion in revenue. Same-store sales dipped 2.5%.


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