The Latest Breaking News from Big Lots

The stock market rally showed split action, with the Nasdaq rising as Nvidia fueled huge rallies in chip and AI plays. The Dow declined.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.92%. U.S. stocks this morning are moderately higher, with the...

As high inflation forces the average consumer to prioritize necessities over wants, many shoppers are cutting back on discretionary spending. This can be attributed to the decrease in purchasing power due to higher consumer staples and energy bills, although people are purchasing fewer goods.

Although rising input costs and supply shortages have been troubling traditional retailers, resilient consumer spending and a healthy job market should allow them to stay afloat. Therefore, discount retailers BJ’s (BJ) and Big Lots (BIG) could be on investors’ radars. But which of these stocks is a better choice for…

Analysts have provided the following ratings for Big Lots (NYSE:BIG) within the last quarter:

Wednesday marks the last chance for investors to receive the next dividend payout from Big Lots (NYSE:BIG).

Americans at the low end of the income rung are once again struggling to make ends meet

Gainers

Big Lots Inc (NYSE:BIG) reported a first-quarter FY22 revenue decline of 15.4% year-over-year to $1.37 billion, missing the consensus of $1.46 billion. Comparable sales decreased 17% versus an 11.3% increase last year. Ecommerce accounted for 7% of total sales in the quarter. The gross margin for the quarter decreased 350 basis points Y/Y…