Discount store chain Big Lots gains as Q2 revenue beats

Former BL Stores

29/08/2023 12:39

** Discount store chain Big Lots'  BIG.N  shares rise 16.2%
to $7.30 premarket
    ** Company posts Q2 revenue of $1.14 bln vs est $1.10 bln -
Refinitiv 
    ** Reports quarterly adj loss of $3.24/shr vs est of a loss
of $4.12/shr 
    ** Company expects Q3 comparable sales to be down in the
low-teen percentage range, modest improvement vs Q2
    ** 1 of 10 brokerages rate the stock "strong buy", 4 "hold"
and 5 "sell"; median PT $6
    ** As of Monday's close, stock down 57.3% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com))