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Is Big Lots Stock a Buy?

TheMotleyFool

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Is Big Lots Stock a Buy?Photo, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

After trailing the S&P 500 for the last few years, Big Lots (NYSE: BIG) stock has turned in an impressive performance so far this year.

Deemed an essential retailer, it was one of the few businesses that stayed open during the pandemic. No doubt this helped boost Big Lots' results, and the company reported a strong fiscal first-quarter (ended May 2). Same-store sales (comps) rose 10.3%, and its adjusted earnings per share increased 37.0% year over year to $1.26.

Is this recovery fleeting, or can investors be confident that Big Lots is moving in the right direction?

Source Fool.com

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