Big Lots

Big Lots, Inc. engages in the operation of retail stores. It operates through the Discount Retailing segment which includes merchandising categories such as furniture, seasonal, soft home, food, consumables, hard home, and electronics, toys, and accessories. The company was founded by Sol A. Shenk in 1967 and is headquartered in Columbus, OH.

Earnings data Q4 2020

Earnings data Q1 2021

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BIG reports Q1 results, focuses on cost savings and liquidity

BIG's Q1 performance reflects a focus on cost savings and liquidity management. While facing macroeconomic challenges, the company is making strides in improving margins and capturing additional savings. The suspension of the dividend and reduced store openings indicate a cautious approach to capital allocation.

BIG reports challenging Q2 but sees growth opportunities ahead

BIG's Q2 performance was challenging, but sequential improvement and strategic actions are driving a turnaround. The company's focus on resonating with customers, communicating value, and investing in an omnichannel experience positions it for future growth.

BIG exceeds Q3 guidance, anticipates continued improvement in 2024

BIG's Q3 performance showed resilience with improvements in key metrics. The company's strategic actions and cost-saving initiatives are driving positive momentum. Despite challenges, BIG is well-positioned for continued improvement and growth.

Big Lots addresses challenges, eyes growth through strategic initiatives

Big Lots navigated challenges in Q4 2023 with a strategic approach to address consumer behavior shifts and product shortages, focusing on margin improvement and business model strengthening.
Efforts to mitigate the impact of United Furniture closure, improve inventory management, attract more customers, and enhance customer solutions demonstrate adaptability and resilience.
While facing ongoing challenges in the consumer environment and financial performance, Big Lots is leveraging opportunities in product offerings, marketing, and operational efficiency to drive growth and profitability.

Big Lots anticipates turnaround with cost-saving initiatives and margin enhancements

Big Lots faces challenges in sales and margins but is optimistic about improvements ahead. The company is focused on cost-saving efforts, liquidity management, and strategic initiatives to drive growth and profitability. With identified savings and opportunities, Big Lots aims to enhance margins and attract customers from competitors.

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Big Lots, Inc. engages in the operation of retail stores. It operates through the Discount Retailing segment. The Discount Retailing segment includes merchandising categories such as furniture, seasonal, soft home, food, consumables, hard home, and electronics, toys, and accessories. The company was founded by Sol A. Shenk in 1967 and is headquartered in Columbus, OH.

Shares of Big Lots Inc. BIG, +2.44% dropped 6.0% in premarket trading Friday, as the discount retailer swung to a narrower-than-expected fiscal third-quarter loss and sales that fell less than forecast, and provided a downbeat earnings outlook for the current quarter as supply chain issues weight on gross margin. The net loss for the quarter to Oct. 30 was $4.3 million, or 14 cents a share, after net income of $29.9 million, or 76 cents a share, in the year-ago period.

Big Lots stock sinks after results beat forecasts, but outlook was downbeat as supply chain challenges continue

DocuSign

Marvell Technology

Two firms we covered in earlier previews reported earnings results after markets closed on Tuesday.

Earnings Previews: Big Lots, DocuSign, Marvell

Big Lots' (BIG) third-quarter fiscal 2021 performance is most likely to have been hurt by supply-chain headwinds.

Big Lots' (BIG) Q3 Earnings in Focus: Things You Should Know

Big Lots (BIG) adds the latest payment solutions to enhance customers' shopping experience this holiday season.

Big Lots' (BIG) New Payment Solutions Ease Guest Experience

COLUMBUS, Ohio, Nov. 24, 2021 /PRNewswire/ --  Big Lots, Inc . (NYSE: BIG), one of the largest neighborhood discount retailers in the U.S., has added several new pay options to its online shopping experience and made thousands of new products available online in time for shoppers to take advantage of Cyber Week promotions.

Big Lots adds new pay options ahead of Cyber Week sales

While the stock has shown a moderate pullback in the last two quarters, a revitalized operations strategy sees Big Lots position its business for growth. The pandemic has challenged companies to innovate; Big Lots has heeded the call, focusing on combating supply chain costs and ensuring they have limited effect on customers.

Big Lots: Strong Resilience With Growth Potential

COLUMBUS, Ohio, Nov. 19, 2021 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced it will report the results for the third quarter of fiscal 2021 on Friday, December 3, 2021. The company will host a conference call at 8:00 a.m.

Big Lots To Report Third Quarter Results On December 3, 2021 Company To Broadcast Conference Call

Big Lots' business model built on discounts and specialty retail should continue to thrive in an inflationary environment where customers are looking for discounts. The company's return on equity and cash flow are strong, and the debt load won't be an issue.

Big Lots: The Right Kind Of Stock To Own As Customers Look For Discounts As Prices Rise

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A positive earnings surprise is not an indication that a company is doing a good job in reducing their CO2 emissions.

ESG Performance: Companies Talk The Talk But Which Are Walking The Walk?

COLUMBUS, Ohio, Nov. 3, 2021 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), one of the largest neighborhood discount retailers in the U.S., will be open Thanksgiving Day from 7 a.m. to 9 p.m. at all locations nationwide* with a 50% discount on all toys plus recliners for only $199.99.

Big Lots will be open Thanksgiving Day with 50% off all toys storewide

Big Lots Inc. BIG, +1.89% said Wednesday that it will be open on Thanksgiving Day, even as many other retailers, including Walmart Inc. WMT, -0.05% and Macy's Inc. M, +0.74% , shut their doors for the day. Big Lots locations will operate from 7 a.m.

Big Lots, unlike other large retailers, will open on Thanksgiving Day

Discount retailer Big Lots, Inc. (NYSE:BIG) is up 0.3% to trade at $44.03 at last check.

Why Long-Term Investors Should Bet on This Retail Stock

Big Lots (BIG) coordinates with DailyPay, a major technology platform allowing associates to access or save their payments without waiting for a traditional payday.

Big Lots (BIG), DailyPay Collaborate to Aid Hiring Program

Big Lots Inc (NYSE: BIG) has partnered with DailyPay, a financial services company, to offer its 35,000 store and distribution center associates instant access to earned income. DailyPay is a technology platform that enables employees to access or save their pay as they earn without waiting for a traditional payday.

Big Lots Teams With DailyPay To Ramp Up Hiring Campaign

COLUMBUS, Ohio, Oct. 19, 2021 /PRNewswire/ --  Big Lots, Inc . (NYSE: BIG), one of the largest neighborhood discount retailers in the U.S., is teaming up with DailyPay to offer Big Lots' 35,000 store and distribution center associates instant access to earned income.

Big Lots partners with DailyPay to ramp up hiring campaign

COLUMBUS, Ohio, Sept. 22, 2021 /PRNewswire/ -- Big Lots, Inc. (the "Company") announced today that on September 22, 2021 it successfully amended its 2018 $700 million five-year unsecured revolving credit facility.

Big Lots Amends Revolving Credit Facility

The shares of Big Lots, Inc. (NYSE:BIG) are down 2.1% at $46.53 ahead of the bell, following a bear note from Piper Sandler.

Big Lots Stock Slammed With Bear Note as Economy Shifts

COLUMBUS, Ohio, Sept. 2, 2021 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced it will be participating in the Goldman Sachs 28th Annual Global Retailing Conference, which will be a virtual event this year.

Big Lots To Participate In The Goldman Sachs 28th Annual Global Retailing Conference

Big Lots (BIG) reports weak second-quarter fiscal 2021 results. Also, comparable sales fall 13.2% in the quarter.

Big Lots' (BIG) Q2 Earnings Miss, Comparable Sales Decline Y/Y

Big Lots, Inc. (BIG) CEO Bruce Thorn on Q2 2021 Results - Earnings Call Transcript

Big Lots missed earnings in Q2 -- and will keep on missing all year long.

Why Big Lots Stock Just Got Smaller

Big Lots Inc (NYSE: BIG) reported a second-quarter FY21 sales decline of 11.4% year-on-year and increased 16.4% from Q2 FY19 to $1.457 billion, missing the analyst consensus of $1.48 billion. Comparable sales decreased 13.2% versus a 31.3% increase last year.

Big Lots Stock Falls On Missing Q2 Estimates, Weak Outlook

Big Lots Inc. on Friday (Aug. 27) reported that eCommerce demand was up 10 percent in the second quarter compared to the same time last year and 400 percent from two years earlier. The company also saw 1.7 million people added to its rewards program in the three-month period.

Big Lots Shows eCommerce Spike, Rewards Program Boost In Q2

Big Lots (BIG) delivered earnings and revenue surprises of -3.54% and -1.01%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?

Big Lots (BIG) Q2 Earnings and Revenues Lag Estimates

Shares of Big Lots Inc. BIG, -6.21% sank 6.0% toward a 7-month low in premarket trading Friday, after the discount retailer reported fiscal second-quarter profit and sales that missed expectations, and provided a surprise loss outlook for the current quarter, as supply chain and freight headwinds are expected to continue to weigh on gross margins. Net income for the quarter to July 31 was $37.7 million, or $1.09 a share, after income of $452.0 million, or $11.29 a share, in the year-ago period, which included a $341.9 million after-tax benefit.

News for Big Lots Stock (BIG)