BIG - Why Discount Retail Chain Big Lots' Stock Is Climbing Today | Benzinga
Big Lots Inc (NYSE: BIG) reported a third-quarter FY23 sales decline of 14.7% year-on-year to $1.027 billion, missing the analyst consensus estimate of $1.03 billion. The decline to last year was driven by a comparable sales decrease of 13.2%.
Commenting on today's results announcement, Bruce Thorn, President and CEO, stated, "Although the environment remains challenging, we continued to make significant progress in turning around our business."
Gross margin for the quarter expanded 240 basis points Y/Y to 36.4%. The operating income for the quarter was $19.7 million versus ...