Big Lots reports strong sales, raises earnings guidance

Published Monday, April 08, 2002

Riding the discount retail wave, Big Lots, Inc. (NYSE: BLI) today said its sales in March shot up nearly 30% compared to the previous year. The Columbus-based company raised its first quarter earnings guidance from a range of between -2 cents to 1 cent to a range of between 7 cents to 9 cents. The company said its sales for the four weeks ended March 30, 2002, were $283.8 million, a 29.7% increase compared to $218.9 million for the same period in 2001. Comparable store sales for all stores open two years at the beginning of the fiscal ...

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