Big Lots Revenue Fell, Loss Widened in Q4, But Company Projects Margin Improvement

Key TakeawaysBig Lots reported a wider than expected quarterly loss in its fiscal fourth quarter, as well as a decline in revenue, as demand slowed and the company faced cost pressures.CEO Bruce Thorn said the company faced "a challenging macroeconomic environment and well documented weather challenges in January.”The company expects gross margin will "improve significantly" in the fiscal first quarter from a year ago.Shares of the company went on a rollercoaster ride after the earnings report and were up 4 ...