Big Lots' Comparable Sales Continue Pandemic-Led Surge
Off-price retailer Big Lots (NYSE: BIG) is expecting even bigger gains in the second quarter than previously estimated, announcing sales were far outpacing even the elevated outlook it had provided just a few weeks ago.
The closeout chain said sales have been so good it now anticipates comparable-store sales to be up by mid- to high-20s percentage rates, more than double the level management guided to when it reported first-quarter results at the end of May.
Image source: Getty Images.
Source Fool.com
