Big Lots (BIG): Q1 EPS of $0.68 misses by $0.01. Revenue of $1.26B (+5.5% Y/Y) misses by $40M
Shares of Big Lots (BIG) slip 6.1% in premarket trading after the company misses with its Q1 report on weak same-store sales and offers lower guidance for the full year. The company says it will purchase up to an additional $200M worth of its stock, although inquiring minds are wondering if buybacks are the best strategy
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