BLI Sees Major Selling Pressure after Warning and Disappointing Sales
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Big Lots Inc. (NYSE: BLI) is seeing major distribution today (-14%) after the company said it sees a Q2 loss of $0.09-$0.12 per share, versus the consensus of $0.00, and said it sees a Q3 loss of $0.18-$0.22 per share, versus the consensus of a $0.11 loss. The company's June comparable store sales rose 1.1%, which was below the expectation of a 3%-5% rise.
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