Big Lots Inc. (BIG) announced after the bell Monday that it now expect U.S. comparable store sales for the first quarter to be slightly negative compared to its prior guidance, which estimated a comparable store sales increase of 2% to 4%.
Big Lots gapped open dramatically lower Tuesday and declined throughout the afternoon. The stock closed down by 11 points at $34.71 on the highest volume in 11 months. Big Lots sank to a 6-month low and dropped below both its 50 and 200-day moving averages.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.