Big Lots shares tumble after results miss

Former BL Stores

01/12/2022 12:56

** Shares of home decor and discount retailer Big Lots Inc
 BIG.N  fall 10.7% to $17.41 premarket
    ** Q3 loss of $2.99/share bigger than analysts' estimates of
loss of $2.94, while revenue of $1.2 billion just short of
expectations of $1.21 billion - Refinitiv
    ** Comparable sales tumble 11.7%
    ** Did not provide any Q4 earnings guidance, citing
atypically wide range of outcomes
    ** Up to last close, stock had fallen ~56% YTD
 (Reporting by Aparupa Mazumder)
 ((Aparupa.Mazumder@thomsonreuters.com;))