Big Lots net income $49.3 millionChristian Fernsby ▼ | June 1, 2020
Big Lots eported net income of $49.3 million, or $1.26 per diluted share, for the first quarter of fiscal 2020 ended May 2, 2020.
Big Lots Company withdrew its previously communicated guidance
Topics: Big Lots
As a reminder, on March 30, 2020 the company withdrew its previously communicated guidance for fiscal 2020 as a result of the uncertainty stemming from the coronavirus pandemic.
Net sales for the first quarter of fiscal 2020 totaled $1,439 million, an 11.1% increase compared to $1,296 million for the same period last year, with the growth resulting from a 10.3% increase in comparable sales and sales growth from new and relocated non-comp stores. ■