Why Did Big Lots Stock Drop at Maria Szymanski blog

Why Did Big Lots Stock Drop. Big lots counts 244 of its 1,392 stores as underperforming. Downbeat first quarter results for big lots did little to stem the bleed out of stock value this week, as the cost of living squeeze hit hard. The company’s losses in recent quarters — including $205 million in the first quarter — and its use of hundreds of millions of dollars of cash since 2022 to fund operations are among the reasons it said “substantial doubt” has been raised about its ability to continue operations. Discount retail company big lots (nyse:big) reported results in line with analysts' expectations in q3 fy2023, with revenue down. Year to date the stock is down 45%.

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Year to date the stock is down 45%. The company’s losses in recent quarters — including $205 million in the first quarter — and its use of hundreds of millions of dollars of cash since 2022 to fund operations are among the reasons it said “substantial doubt” has been raised about its ability to continue operations. Downbeat first quarter results for big lots did little to stem the bleed out of stock value this week, as the cost of living squeeze hit hard. Discount retail company big lots (nyse:big) reported results in line with analysts' expectations in q3 fy2023, with revenue down. Big lots counts 244 of its 1,392 stores as underperforming.

Big Lots Stock pick of the day Dividends DividendStocks Stocks

Why Did Big Lots Stock Drop Discount retail company big lots (nyse:big) reported results in line with analysts' expectations in q3 fy2023, with revenue down. Year to date the stock is down 45%. Big lots counts 244 of its 1,392 stores as underperforming. Discount retail company big lots (nyse:big) reported results in line with analysts' expectations in q3 fy2023, with revenue down. The company’s losses in recent quarters — including $205 million in the first quarter — and its use of hundreds of millions of dollars of cash since 2022 to fund operations are among the reasons it said “substantial doubt” has been raised about its ability to continue operations. Downbeat first quarter results for big lots did little to stem the bleed out of stock value this week, as the cost of living squeeze hit hard.

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