Big Lots (BIG) Q1 Loss Wider Than Expected, Comps Fall Y/Y

Shares of Big Lots, Inc. (BIG) fell during pre-market trading on Jun 6 after the company reported disappointing results for the first quarter of fiscal 2024 in a challenging consumer environment. This discount retail chain reported an adjusted loss of $4.51 per share for the quarter, which was wider than the Zacks Consensus Estimate of a loss of$4.23 and the year-ago period's reported loss of $3.40. Big Lots remains focused on its five key actions to navigate the current economic cycle. These include ownin ...