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Big Lots Guides Q3, Q4 Comp Sales - Update
(RTTNews) - While reporting financial results for the second quarter on Tuesday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the third and the fourth quarters.
For the third quarter, the company expects comps to be down in the low-teen range, modestly improved relative to the second quarter. The company said it is not providing earnings per share guidance at this point.
Looking ahead to the fourth quarter, the company expects comp sales to be improved relative to the third quarter and be in the high-single-digit negative range.
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Big Lots Agrees Sale To Nexus, Files For Bankruptcy
Discount home goods retailer Big Lots, Inc. announced that it has entered into an agreement to be acquired by an affiliate of Nexus Capital Management LP. To facilitate the deal, the company, together with its units, initiated Chapter 11 Bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware.
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Big Lots Guides Q2 Comp Sales - Update
While reporting financial results for the first quarter on Thursday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the second quarter.
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P&G Recalls 8.2 Mln Defective Laundry Detergent Packets
Consumer goods giant Procter & Gamble Co. has called back around 8.2 million defective bags of Tide, Gain, Ace and Ariel laundry detergent packets distributed in the United States citing risk of serious injury, the U.S. Consumer Product Safety Commission announced. In addition, about 56,741 were sold in Canada. According to the agency, the outer packaging meant to prevent access to the contents...
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Big Lots Guides Q1 Comp Sales - Update
While reporting financial results for the fourth quarter on Thursday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the first quarter.
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Big Lots Suspends Dividend - Update
While reporting financial results for the first quarter on Thursday, discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the second quarter.
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Best Buy, Macy's Q4 Results Top Estimates; Big Lots Slips To Loss In Q4
Retailers Best Buy Co., Inc. (BBY) and Macy's, Inc. (M) reported on Thursday profits for the fourth quarter that decreased from last year, but results for the quarter topped analysts' estimates. Meanwhile, Big Lots, Inc. (BIG) slipped to a loss, but the loss came in narrower than expectations.
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Retailers Dollar General, Big Lots Report Weak Results; Stock Down
Retailers Dollar General Corp. (DG) and Big Lots, Inc. (BIG) reported Thursday results for the third quarter, with profit at Dollar General increasing from last year, while Big Lots reported a sharply wider loss than last year. The bottom line at both the retailers missed analysts' estimates.
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Energy Stocks Shine As Canadian Market Moves Modestly Higher
After a positive start and a subsequent retreat that very nearly resulted in a drop into negative territory, the Canadian market recovered to trade higher around noon on Wednesday.
Investors, digesting the data on the nation's services sector activity in the month of November, are looking ahead to more data, and the monetary policy announcements from the Bank of Canada and the Federal Reserve.
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