TJX - What's Going On With Big Lots Five Below And Other Value Retailers Thursday? | Benzinga
Shares of retail value stores Big Lots Inc. (NYSE:BIG) and Five Below Inc. (NASDAQ:FIVEHTTPS, NASDAQ:FIVE) are trading lower as investors digest the latest earnings reports.
What To Know: Big Lots reported disappointing first-quarter 2024 results. The company posted an adjusted loss of $4.51 per share, missing estimates for a loss of $3.92 per share and reported sales of $1.0 billion, falling short of the $1.1 billion estimate. This represents a 10.2% decrease in sales from $1.1 billion last year, according to Benzinga Pro.
Despite soft quarterly results, Big Lots expects second-quarter comp sales to improve sequentially, projecting a mid to high-single-digit decline.
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