Operation North Star

Columbus, Ohio — Big Lots, Inc. has provided a long-range growth and margin outlook, including a sales goal of $8-$10 billion driven by approximately 500 net store openings, merchandise sales productivity initiatives and continued e-commerce growth; an operating margin goal of 6% to 8% driven by gross margin improvement and expense leverage; and a return on invested capital goal of 20% to 25%. “We are highly confident that Operation North Star has put us on track to create tremendous long term value for shareholders, and that we now have the …

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