Big Lots Q2 profit slips 8%
Columbus, Ohio -- Big Lots reported Thursday that net income for the quarter ended July 30 declined 8% to $35.7 million, compared with $38.9 million a year earlier. The company cited same-store sales declines and a charge related to its new Canadian stores for the performance slip.
Revenue rose 3% to $1.17 billion from $1.14 billion. Same-store sales fell 1.5%.
Big Lots acquired Liquidation World in July as part of a strategy to expand into Canada.