The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Scott Stringer - Wolfe Research - Analyst
: Hey, guys. Thanks for the time here. This is Scott Stringer from Wolfe Research. You gave some good detail on the extreme bargains and bargain
performance by category. I was wondering if you could quantify category as a whole, the performance and comps between bargains, extreme
bargains and then the rest of the box?
Question: Scott Stringer - Wolfe Research - Analyst
: That's all really great detail. Maybe just switch topics really quick. I think last quarter you mentioned that you had $200 million in assets that could
be monetized? Is there any of that left, can you kind of give us an update there?
Question: Scott Stringer - Wolfe Research - Analyst
: Great. Super helpful. Thanks, guys.
Question: Taylor Zick - KeyBanc Capital Markets Inc. - Analyst
: Hey, good morning, everyone. It's [Taylor Zick] for Brad. Jonathan, could you talk a little bit more about gross margin improvement. And throughout
the year, you saw pretty good improvement in 1Q and guiding to see good improvement in 2Q, can you just elaborate a little bit more on? that
Question: Taylor Zick - KeyBanc Capital Markets Inc. - Analyst
: Got you. Thank you. And then just maybe on the positive comp later this year, does that require any improvement in the macro to get there? Or is
that just a combination of all the bargains or trim margins and things like that.
Question: Taylor Zick - KeyBanc Capital Markets Inc. - Analyst
: Thank you.
Question: Mark Jordan - Goldman Sachs Group, Inc. - Analyst
: Hey good morning. This is Mark Jordan on for Kate. Can you help us better understand the health of your core customer. Did you witness any
changes in their purchasing behavior during the quarter? And are you seeing any decreases in maybe purchasing frequency?
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JUNE 06, 2024 / 12:00PM, BIG.N - Q1 2024 Big Lots Inc Earnings Call
Question: Mark Jordan - Goldman Sachs Group, Inc. - Analyst
: Okay, perfect. Thank you very much. And then just thinking about the closeout environment, how do you view supply for the remainder of the
year? Are you seeing any areas where product is particularly attractive? And are you seeing any increased competition on deals?
Question: Mark Jordan - Goldman Sachs Group, Inc. - Analyst
: Thank you very much.
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