Big Lots Stock Hit as Supply Chain Woes Crimp Business

The Street

Shares of Big Lots (BIG) - Get Big Lots, Inc. Report dropped Friday after the discount retailer missed Wall Street estimates on fiscal second quarter earnings and revenue due to continued supply chain and freight headwinds

“Our visibility on Big Lots’ near-term performance is incrementally more clouded, given significantly higher supply chain and freight expenses,” Telsey analyst Joseph Feldman wrote in a note published on Friday. Feldman also added that next year’s earnings “could come down significantly” amid lingering cost pressures.”

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