Big Lots' stock slides 7% after retailer posts bigger-than-expected loss
Big Lots Inc.'s BIG, +6.34% stock slid 7% premarket Thursday, after the discount home-essentials retailer posted a wider-than-expected fiscal first-quarter loss as consumers remained stressed and avoided big-ticket items. Columbus, Ohio-based Big Lots had a net loss of $205 million, or $6.99 a share, for the quarter to May 4, after a loss of $206 million, or $7.10 a share, in the year-earlier period.
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