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Big Lots' Comparable Sales Continue Pandemic-Led Surge

TheMotleyFool

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Big Lots' Comparable Sales Continue Pandemic-Led SurgePhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Off-price retailer Big Lots (NYSE: BIG) is expecting even bigger gains in the second quarter than previously estimated, announcing sales were far outpacing even the elevated outlook it had provided just a few weeks ago.

The closeout chain said sales have been so good it now anticipates comparable-store sales to be up by mid- to high-20s percentage rates, more than double the level management guided to when it reported first-quarter results at the end of May.

Image source: Getty Images.

Source Fool.com

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