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Big Lots Q2 beats Street; announces exec promotions
Columbus, Ohio – Big Lots on Friday reported second-quarter profit and revenue that beat analysts' estimates. The retailer also announced several promotions as part of a realignment of its supply chain management.
Big Lots’ net income dropped 13% to a better-than-expected $17.63 million from $19.94 million, with loss from discontinued operations cutting otherwise flat profit.
Net sales for the quarter increased 1% to $1.21 billion, from $1.19 billion. Same-store sales rose 2.8%.

