Why Are Big Lots Shares Trading Lower Today
Big Lots Inc (NYSE:BIG) reported a fourth-quarter FY21 sales decline of 0.3% year-on-year, to $1.73 billion, beating the consensus of $1.72 billion. Comparable sales decreased 2.3% versus a 7.9% increase last year. On a two-year basis, comparable sales increased 5.4%. The gross margin for the quarter decreased 210 basis points Y/Y to 37.3%.…
Benzinga ·