Big Lots’ top and bottom lines suffer from supply chain woes
August 27, 2021
Supply chain and related issues along with inflationary pressures took their toll on Big Lots’ business in the second quarter. The retailer said that same-store sales declined 13 percent compared to last year’s pandemic-boosted 31 percent jump. Big Lots posted adjusted earnings of $2.75 a share, well ahead of the $1.12 expected by analysts.
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