Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessBig Lots Shares Jump After Q3 Report

Big Lots Shares Jump After Q3 Report

Add to Favorite
Added to Favorite


Shares of Big Lots (NYSE:BIG) experienced a notable surge of around 10% on Thursday, with a further surge of 11% intra-day today, following the company’s latest earnings release which exceeded consensus earnings expectations.
For the third quarter, Big Lots reported an earnings per share (EPS) of ($4.38), which was $0.30 better than the analyst’s prediction of ($4.68). The company’s revenue for the quarter was $1.03 billion, representing a 14.7% decrease from the previous year but aligning with the consensus estimate of $1.03 billion.
The company acknowledged that the year-over-year decline in sales was primarily due to a 13.2% decrease in comparable sales. Additionally, a net decrease in the number of stores contributed to approximately 1.5% of the overall sales decline compared to the third quarter of 2022.
Looking forward to the fourth quarter, Big Lots anticipates an improvement in comparable sales relative to the third quarter, expecting them to be in the high-single-digit negative range.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Loews Posts Strong Q3 Earnings Growth, But Shares Fall 4 percent

Loews (NYSE:L) reported third-quarter net income of $401 million,...

Marriott Shares Slip 3 percent as Q3 Earnings Miss Estimates

Marriott International (NASDAQ:MAR) reported third-quarter earnings below analyst expectations...

DigitalOcean Shares Drop 10 percent on Weak Outlook Despite Strong Q3 Performance

DigitalOcean (NYSE:DOCN) saw its shares slide over 10% intra-day...

New York Times Beats Q3 EPS, But Shares Drop 7 percent

The New York Times Company (NYSE:NYT) posted third-quarter earnings...