Big Lots Q3 Adj. EPS $(4.38) Beats $(4.66) Estimate, Sales $1.026B Miss $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Big Lots reported Q3 adjusted EPS of $(4.38), surpassing the $(4.66) estimate, but experienced a 46.49% increase in losses compared to last year. Sales reached $1.026B, slightly missing the $1.03B estimate and marking a 14.70% decrease from the previous year.
November 30, 2023 | 12:02 pm
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NEGATIVE IMPACT
Big Lots beat EPS estimates but reported a significant increase in losses and a decrease in sales compared to last year, indicating potential challenges ahead.
Despite beating EPS estimates, the increased year-over-year losses and sales miss are negative indicators that could lead to bearish sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100