Big Lots Says Sales Growth Is Spiking Through Mid-June
On Tuesday, Big Lots (NYSE: BIG) issued an encouraging operating update as part of its announcement that it has raised over $500 million in cash.
The home furnishings retailer said comparable-store sales are "up strongly" in the fiscal second quarter to date and are running well ahead of management's expectations through the first two weeks of June.
In late May, Big Lots said comps jumped 10% in the fiscal first quarter, which ended on May 2. The retailer said at the time that growth had spiked as more consumers turned their attention toward home furnishings during COVID-19 related stay-at-home measures.
Source Fool.com