Big Lots Reports Q3 Results

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Go back to Big Lots Reports Q3 Results

Big Lots (BIG) drops on 'soft' Q3 results

December 1, 2022 12:02 PM EST

Big Lots (NYSE: BIG) shares tumbled over 11% on Thursday after the company reported its third-quarter earnings.

The company reported a smaller-than-expected loss of $2.99 per share, $0.05 better than the analyst estimate of a loss of $3.04 per share, while revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.21 billion.

Net sales for the third quarter decreased by 9.8% compared to $1.336 billion for the same period last year, driven by a comparable sales decline of... More

Big Lots (BIG) Post Modestly Smaller-than-Expected Loss in Q3

December 1, 2022 6:33 AM EST

Big Lots (NYSE: BIG) reported Q3 EPS of ($2.99), $0.05 better than the analyst estimate of ($3.04). Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.21 billion.

GUIDANCE:

For the fourth quarter, the company expects comps to... More