Macro Pressures Drive Big Lots to Q3 Loss

Macro Pressures Drive Big Lots to Q3 Loss

Macro pressures led to a third-quarter loss for Big Lots, but the company stated that it is well-positioned for the holiday season. The company posted a net loss of $4.3 million, or 14 cents per diluted share, for the quarter versus net income of $29.9 million, or 76...
Bed Bath & Beyond Stumbles in Q2

Bed Bath & Beyond Stumbles in Q2

Bed Bath & Beyond showed a loss in the second quarter as COVID-19 and marketing missteps hurt it as well as supply chain and cost issues. The company posted a net loss of $73.2 million, or 72 cents per diluted share, versus net income of $217.9 million, or $1.75...
Rite Aid Q2 Loss Increases

Rite Aid Q2 Loss Increases

Net loss increased at Rite Aid, but it still managed to beat a Wall Street estimate for second-quarter results. For the quarter, Rite Aid reported a company net loss from continuing operations of $100.3 million, or $1.86 per share, versus $13.2 million, or 25 cents...