Big Lots’ stock turns higher as ‘extreme bargains’ set stage for sales to bottom

Date:

March 7, 2024

Shares of Big Lots Inc. rallied Thursday to reverse an earlier sharp loss after the discount home-essentials retailer provided an upbeat gross-margin outlook and said same-store sales may bring an end to the long quarterly streak of declines.

Source link

Nomura’s Laser Digital partners with Pyth Network as a data provider

Solana faces investor exodus; emerging AI crypto aims to surpass Quant by the next Bitcoin halving

Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Big Lots’ stock turns higher as ‘extreme bargains’ set stage for sales to bottom

Recent posts

R.I.P. the Magnificent 7 says analyst who coined the big-tech moniker. Here’s why.

Why a drop in oil 10 years ago suggests the U.S. stock market is headed for a decline

China cuts mortgage rates by record amount to help struggling property sector

Amazon posts big earnings growth, and its stock is surging

AMC poised for market-share gains, boosted by premium screens and concert movies, Wedbush says

Berkshire Hathaway trims Apple and HP, loads up on Sirius XM and Chevron

Tesla’s stock slides 5% after fresh volley of price cuts and discounts from EV maker

This AI startup has the backing of Jensen Huang, Joe Montana and Jeffrey Katzenberg

How AI will change the ways financial advisers manage your money

Is Meta now a value stock?

Global LNG consumption to increase by 50%, Shell forecasts

Hasbro’s stock drops after another profit miss, downbeat sales outlook

The scourge of fine print: Even Donald Trump’s new line of sneakers comes with caveats.

Paramount Global shares fall 6% after Warren Buffett cuts stake

Biden says U.S. ‘looking at a whole number of options’ after Russian opposition leader Navalny’s death

Related articles

The feds are scrutinizing credit-card rewards. That could help frequent fliers get more out of their miles.

Coach, Kate Spade parent reports revenue miss amid weakness in North America

Junior bankers crumble under 90-hour weeks prompting fresh pushback

AMC’s Q1 loss narrows and ‘better times are ahead’ says CEO Adam Aron

Airbnb expects a stronger summer quarter, spurred by Olympics, but shares fall

Why coffee futures may have already hit their peak for the year

Reddit’s first post-IPO results are ‘mission accomplished,’ with international and data-licensing opportunities ahead

Fed’s Kashkari doesn’t rule out a rate hike

Company

Follow us