Big Lots Expects Q2 Comp Sales To Improve Sequentially Relative To Q1 And To Be Down In The Mid To High-Single-Digit Range
Portfolio Pulse from Benzinga Newsdesk
Big Lots expects Q2 comparable sales to improve sequentially relative to Q1, though they are anticipated to be down in the mid to high-single-digit range.
June 06, 2024 | 11:05 am
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Big Lots expects Q2 comparable sales to improve sequentially from Q1, but still forecasts a decline in the mid to high-single-digit range. This indicates a potential recovery trend but also highlights ongoing challenges.
The news suggests a sequential improvement in sales, which is positive, but the overall decline in comparable sales indicates that the company is still facing significant challenges. This mixed outlook is likely to result in a neutral short-term impact on the stock price.
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