Can Big Lots Sustain Its Momentum?
Big Lots (NYSE: BIG) has been on a roll this year, which is a nice change after its weak results coming into 2020. In fiscal 2019, same-store sales rose by a tepid 0.3%.
By contrast, the retailer has reported strong sales and earnings growth in 2020. The fact that its stores were able to remain open through the pandemic no doubt helped. However, the impact of the coronavirus wasn't entirely responsible for this year's gains.
It's time to take a deeper dive into the business and determine how likely it is that the retail chain will be able to continue boosting its top and bottom lines.
Source Fool.com
