Big Lots Reports Modest Q3 Growth

Big Lots Inc. (Columbus, Ohio) released its third-quarter earnings report, which showed a modest gain in revenue (less than one percentage point) and a 2.6-percent growth in comparable sales. Gross margin increased from 38.9 percent to 39.4 percent.

This marks the seventh consecutive quarter that the retailer has experienced growth in comparable sales, and it expects comparable-store sales to increase between 1 to 2 percent next quarter as well.

The retailer, however, reported a loss of $1.5 million, compared with a loss of $3.4 million from last year, reports The Wall Street Journal.