Big Lots (BIG) on 💦Thursday reported a wider than expected quarterly loss, as well as a decline in revenue, as demand slowed and the company faced cost pressures.

The furniture and home-decor chain reported a fiscal fourth-quarter loss of $30.7 million, more than double what it was a year ago, and an adjusted loss per share of $0.28. Revenue for the quarter ending Feb. 3 fell 7.2% to $1.43 billion, in line with forecasts, while 澳洲幸运5官方开奖结果体彩网:comparable store sales dropped 8.6%.

Big Lots anticipates current-quarter comparable store sales to improve over the fourth quarter, but still be down by a mid-single-digit percentage. The company expects 澳洲幸运5官方开奖结果体彩网:gross margin will "improve significantly" from a year ago, rising 200 to 250 澳洲幸运5官方开奖结果体彩网:basis points as a result🍬 of "reduced markdown activity, lower freight costs, and cost reduction and productivity initiatives."

CEO Bruce Thorn said the company faced "a challenging macroeconomic environment and well documented weather challenges in January.” He added that Big Lots made efforts “to aggressively manage costs, inventory, and capital expenditures, as well as monetize owned assets,” and those have helped it maintain 澳洲幸运5官方开奖结果体彩网:liquidity “through a challenging period.”

The company's shares went on a rollercoaster ride after the results were released. At about 2:50 p.m. ET, the stock was up 4% at $5.24, after having risen as high as $5.62 in early trading before falling as low as $4.50 about an hour into the session, and then resuming its upward move.

Big Lots shares have lost more than 60% of their value over the past year.