Big Lots Reports Positive Sales Are Higher Than Expected
Big Lots (NYSE: BIG) has seen its share price climb more than 11% in Monday trading after issuing a press release detailing positive same-store sales gains for fiscal April and overall sales growth during the first quarter of 2020. Outpacing the company's expectations, comparable sales rose both in-store and online according to the release, prompting the chain to extend employee bonuses and discounts offered both to its workers and emergency personnel.
Like many other retailers, Big Lots has adopted multiple measures at its distribution centers and stores to combat the spread of the COVID-19 coronavirus among its workers and shoppers. These include supplying face masks and gloves to employees in "high-risk areas," setting up sneeze shields at store checkouts, and curbing the number of customers allowed into its locations at one time.
Image source: Getty Images.
Source Fool.com
