Big Lots(BIG) - 2025 Q1 - Quarterly Results

PRESS RELEASE FOR IMMEDIATE RELEASE Q1 comparable sales decline due to challenging consumer environment; gross margins significantly improved year-over-year and continued reductions in adjusted operating expenses Expect significant quarterly year-over-year gross margin rate improvements through 2024, with a path to positive comparable sales later in the year Raising Project Springboard cumulative savings target in 2024; ahead of schedule to achieve most of the $200 million+ benefit by year-end For the Q1 Re ...