Why Big Lots Stock Is Soaring 13% Today
Shares of Big Lots (NYSE: BIG) soared 12% higher on Monday as the discount retailer announced same-store sales growth in the first quarter, as well as month-to-date in April, and noted that comps growth had accelerated over the last two weeks.
The retailer says all of its stores have remained open during the coronavirus pandemic as it sells everyday essential home items. Consumers have responded by boosting sales beyond expectations.
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Source Fool.com
