Big LotsNYSE: BIG

Identifying stocks to sell is essential to investing to protect and expand portfolios. Investors should flag possible hazards and closely examine stocks with concerning financial and operational challenges.

Making wise decisions is essential to protecting your money in the very volatile stock market, like the ongoing high interest and inflationary macro environment. This is a critical analysis of three prominent stocks.

Downbeat first quarter results for Big Lots did little to stem the bleed out of stock value this week, as the cost of living squeeze hit hard pressed customers at the home discount retailer.

Still feeling strain on their budgets from ongoing macroeconomic challenges, consumers are cutting out pricy nonessential purchases, according to Big Lots. On Thursday (June 6), the discount home goods retailer, which has more than 1,300 locations across the country, reported lower-than-expected first-quarter fiscal 2024 financial results, attributing its 10.

Big Lots (BIG) is taking aggressive measures to drive comparable sales growth later in the year and into 2025 while maintaining year-over-year improvements in gross margin rates.

Big Lots (BIG) came out with a quarterly loss of $4.51 per share versus the Zacks Consensus Estimate of a loss of $4.23. This compares to loss of $3.40 per share a year ago.

Q1 comparable sales decline due to challenging consumer environment; gross margins significantly improved year-over-year and continued reductions in adjusted operating expenses Q1 GAAP EPS loss of $6.99; adjusted EPS loss of $4.51 Expect significant quarterly year-over-year gross margin rate improvements through 2024, with a path to positive comparable sales later in the year  On track to achieve 75% bargains penetration and, within that, 50% extreme bargains penetration by year-end Raising Project Springboard cumulative savings target in 2024; ahead of schedule to achieve most of the $200 million+ benefit by year-end  Ended Q1 with $289 million of liquidity, including availability under the company's new $200 term loan facility For the Q1 Results Presentation, Please Visit: https://www.biglots.com/corporate/investors COLUMBUS, Ohio , June 6, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported a net loss of $205.0 million, or $6.99 per share, for the first quarter of fiscal 2024 ended May 4, 2024. This result includes a net after-tax loss of $72.7 million, or $2.48 per diluted share, associated with impairment charges, fees related to Project Springboard, and distribution center closure costs.

While it's always fun to see the ideas on your buy list perform well, long-term success is dependent on recognizing stocks to sell. No, it's often not a comfortable topic to broach.

Big Lots (BIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.