Big Lots Q4 loss per share of $0.28 worse than expected, revenue $1.43 billion; comparable store sales down 8.6%.
Big Lots (BIG) reported a Q4 loss per share of $0.28, worse than the anticipated $0.23, but revenue matched expectations at $1.43bn. Comparable store sales declined 8.6%, an improvement over the previous year's decrease. Shares fell 4% in premarket trading. The company expects a mid-single-digit decline in comparable store sales and a gross margin increase of 200-250 basis points in Q1 2024.
March 07, 2024
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