After posting a weak first quarter, Big Lots announced it has postponed until next week the release of its financial results for the second quarter of its fiscal 2024 ended August 3.
After originally scheduling September 6 as the date for the financial results release, Big Lots now has set September 12 for the announcement of second-quarter earnings. The company issued no reason for the postponement, and Big Lots did not respond to a HomePage News inquiry about the decision to push back the release date by press time.
Big Lots has been repositioning the company to focus on closeout merchandise as was its original proposition to the shopper. Recent reports suggested that the company might be considering a bankruptcy filing or trying to find new investment. Big Lots has reconfigured its credit agreements this year and slated store closings as it seeks to stabilize finances.
