Brief: Big Lots Inc Reported Quarterly Adj. Loss Per Share Of $3.40

Former BL Stores

26/05/2023 12:17

May 26 (Reuters) - Big Lots Inc  BIG.N :
    * QTRLY ADJUSTED LOSS PER SHARE OF $3.40
    * FOR Q2, COMPANY EXPECTS COMPS TO BE DOWN IN HIGH-TEENS
RANGE,
SIMILAR TO Q1
    * EXPECTS Q2 GROSS MARGIN RATE TO SLIGHTLY IMPROVE VERSUS
PRIOR
YEAR
    * GIVEN SIGNIFICANT UNCERTAINTY IN MACROECONOMIC
ENVIRONMENT, AT
THIS POINT COMPANY IS NOT PROVIDING FORMAL FULL YEAR GUIDANCE
    * ON MAY 23, 2023, BOARD OF DIRECTORS DECLARED A SUSPENSION
OF
DIVIDEND
    * Q1 COMPARABLE SALES AND GROSS MARGINS DECLINE DUE TO
CHALLENGING
MACRO ENVIRONMENT AND VENDOR DISRUPTION
    * Q1 EARNINGS PER SHARE VIEW $-1.82, REVENUE VIEW $1.19
BILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nPn6w5Bbva 
Further company coverage:  BIG.N 

 ((Reuters.Briefs@thomsonreuters.com;))