Big Lots(BIG) - 2024 Q4 - Annual Results

PRESS RELEASE FOR IMMEDIATE RELEASE Big Lots Reports Q4 and Full Year 2023 Results Q4 2023 comparable sales, gross margin rate, expenses, and inventory in line with guidance Q4 GAAP operating loss of $24 million; adjusted operating profit of $1 million; first quarter of positive adjusted operating profit since Q4 2021 Q4 GAAP EPS loss of $1.05; adjusted EPS loss of $0.28 Expect quarterly year-over-year improvements to continue through 2024 with a path to positive comparable sales Achieved over 60% bargain p ...