11:26 AM EDT, 06/06/2024 (MT Newswires) -- Big Lots ( BIG ) reported a fiscal Q1 adjusted loss Thursday of $4.51 per diluted share, widening from $3.40 loss a year earlier.

Analysts polled by Capital IQ expected an adjusted loss of $3.92 per share.

Net sales for the quarter ended May 4 were $1.01 billion, compared with $1.12 billion a year earlier.

Analysts polled by Capital IQ expected $1.04 billion.

Shares of Big Lots ( BIG ) were down more than 18% in recent trading.

Price: 2.86, Change: -0.67, Percent Change: -18.89