Big Lots Inc. (BIG) revealed Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line came in at -$30.71 million, or -$1.05 per share. This compares with -$12.46 million, or -$0.43 per share, in last year's fourth quarter.
Excluding items, Big Lots Inc. reported adjusted earnings of -$8.28 million or -$0.28 per share for the period.
Analysts on average had expected the company to earn -$0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 7.1% to $1.43 billion from $1.54 billion last year.
Big Lots Inc. earnings at a glance (GAAP) :
-Earnings (Q4): -$30.71 Mln. vs. -$12.46 Mln. last year.-EPS (Q4): -$1.05 vs. -$0.43 last year.-Revenue (Q4): $1.43 Bln vs. $1.54 Bln last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.