Big Lots (BIG) PT Raised to $35 at Loop Capital

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Go back to Big Lots (BIG) PT Raised to $35 at Loop Capital

Big Lots Reports Q1 Results

May 29, 2020 6:00 AM EDT

COLUMBUS, Ohio, May 29, 2020 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported net income of $49.3 million, or $1.26 per diluted share, for the first quarter of fiscal 2020 ended May 2, 2020. This result compares to adjusted net income of $37.0 million, or $0.92 per diluted share (non-GAAP), for the first quarter of fiscal 2019. As a reminder, on March 30, 2020 the company withdrew its previously communicated guidance for fiscal 2020 as a result of the uncertainty stemming from the COVID-19 pandemic.

Net sales for the first quarter of fiscal 2020 totaled $1,439 million, an 11.1% increase compared to $1,296 million... More