Big Lots (BIG) Q1 Comps Rise 3.4%

May 8, 2008 7:05 AM EDT
Big Lots, Inc. (NYSE: BIG) said comparable store sales for stores open at least two years at the beginning of the fiscal year increased 3.4% for the first quarter of fiscal 2008.

Comparable store sales in the first quarter were driven by an increase in the value of the average basket as the Company's "raise the ring" strategy continues to deliver positive results.

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