.September 5, 2024 02:00:03 AM

Big Lots is set to announce quarterly earnings with an expected EPS of -3.69 and projected revenue of $1.05 billion, reflecting a tough period. The company’s financial metrics show a negative PE ratio of -0.03 and a low P/S ratio of 0.003. Big Lots is considering filing for Chapter 11 bankruptcy due to declining sales and financial losses. Despite securing a $200 million loan and seeking investments, questions arise over the decision to award $5 million in retention bonuses to executives. Investors are eagerly awaiting the earnings report and management’s discussion to gauge the company’s future amidst these challenges.