Shares of Big Lots soared after the company posted better-than-expected earnings and comparable sales Friday morning.
The discount retailer reported earnings of 82 cents a share on $1.31 billion in revenue. Wall Street had expected Big Lots to post earnings of 70 cents a share on revenues of $1.30 billion, according to a consensus estimate from Thomson Reuters.
Separately, the company also declared a quarterly cash dividend of 21 cents per share to be paid on June 24.
The stock was up more than 14 percent.