Big Lots Q1 2024 Adj EPS $(4.51) Misses $(3.92) Estimate, Sales $1.009B Miss $1.040B Estimate
Portfolio Pulse from Benzinga Newsdesk
Big Lots (NYSE:BIG) reported Q1 2024 adjusted EPS of $(4.51), missing the $(3.92) estimate, and sales of $1.009 billion, missing the $1.040 billion estimate. Both figures represent significant declines from the same period last year.
June 06, 2024 | 11:03 am
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Big Lots reported Q1 2024 adjusted EPS of $(4.51), missing the $(3.92) estimate, and sales of $1.009 billion, missing the $1.040 billion estimate. Both figures represent significant declines from the same period last year.
The significant miss on both EPS and sales estimates, coupled with the year-over-year declines, is likely to negatively impact Big Lots' stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100