Reports Q3 revenue $1.2B, consensus $1.21B. Reports Q3 comparable sales down 11.7%. Commenting on today’s results announcement, Bruce Thorn, president and CEO of Big Lots stated, "The third quarter marks another quarter in which we met the challenges of a tough environment head on and did what we said we would do. Our sales and gross margin were in line with guidance and, importantly, year-over-year inventories continued to come down materially. We saw favorability in SG&A, as we tightly managed costs, and have strengthened our balance sheet and liquidity position. I’d like to thank our team for their hard work through this difficult retail environment."
Published first on TheFly
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