Big Lots posts 20% earnings increase

Posted online May 27, 2016 | 11:27 am

Big Lots today reported first-quarter earnings of $38.7 million, a 20 percent increase from $32.2 million a year earlier.

The retailer's revenue rose 2.5 percent to $1.31 billion, slightly above analysts' average expectation of $1.3 billion.

Same-store sales moved up 3 percent.

Read more from Dow Jones Newswires.

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