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%.

 

Recommended stories

Login or Register to post a comment.