– The discount retailer reported an adjusted loss of 18 cents per share for its latest quarter, 2 cents a share smaller than expected. Revenue came in slightly above Street forecasts. Comparable-store sales were down 0.1%, versus the 0.1% increase predicted by analysts surveyed by Refinitiv.
Big Lots also said it expects a return to earnings growth in 2020. – The apparel and footwear seller earned an adjusted $1.33 per share for the third quarter, beating the $1.08 per share consensus estimate. Revenue was below forecasts, but a comparable-store sales increase of 3% beat the 1.7% estimate of analysts surveyed by Refinitiv. Genesco also raised its full-year earnings outlook.
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