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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Earnings data Q3 2024

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.

Months after Big Lots publicly announced signs of trouble, the home goods and seasonal retailer is selling its business as it starts bankruptcy proceedings.

Big Lots files for bankruptcy, will close some stores amid sale to investment firm

The discount retailer has secured commitments for $707.5 million of financing as it works through a court-supervised auction process.

Big Lots files for bankruptcy as part of deal to be acquired by Nexus Capital Management

U.S. discount home goods retailer Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital, as it has initiated bankruptcy proceedings under Chapter 11.

Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings

Implements Plan to Accelerate Business Optimization and Achieve Profitability in 2025 Initiates Voluntary Chapter 11 Process to Facilitate Restructuring Initiatives and Ownership Transition Company Secures Interim Financing to Support Operations Customers Will Continue to Find Unmistakable Value and Extreme Bargains In-Store and Online Q2 Results In Line With Guidance COLUMBUS, Ohio , Sept. 9, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) (the "Company") today announced that it has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP ("Nexus"), pursuant to which Nexus has agreed to acquire substantially all of the Company's assets and ongoing business operations.

BIG LOTS, INC. ENTERS INTO SALE AGREEMENT WITH NEXUS CAPITAL MANAGEMENT LP

Big Lots, a retailer operating around 1,400 stores and employing over 30,000 workers, has been grappling with declining sales over the past few quarters, putting pressure on its balance sheet.

Struggling Big Lots preparing bankruptcy filing, will sell stores: report

Company to Report Results on September 12 COLUMBUS, Ohio , Sept. 6, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced it has postponed the release of its financial results for the second quarter of fiscal 2024 ended August 3, which had previously been scheduled for September 6.

Big Lots Postpones Second Quarter Earnings Release

Big Lots, Inc. BIG is set to release earnings results for its second quarter, before the opening bell on Friday, Sept. 6.

Top Wall Street Forecasters Revamp Big Lots Price Expectations Ahead Of Q2 Earnings

Discount retailer Big Lots is considering filing for bankruptcy as it faces declining sales, according to a report citing people familiar with the situation.

Big Lots weighing possibility of bankruptcy filing as sales dwindle

Big Lots (BIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Big Lots (BIG) Q2 Earnings Expected to Decline

Discount retailer Big Lots (BIG) is reportedly seeking investors to avoid filing for Chapter 11 bankruptcy protections after an extended decline in sales and several quarters of losses.

Big Lots Stock Tumbles on Reports Retailer Is Considering Filing for Bankruptcy

Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate a liquidity crunch and is now seeking investors in an attempt to avoid bankruptcy, Bloomberg reported Wednesday (Aug. 28), citing unnamed sources.

Report: Big Lots Seeking Investors and Considering Bankruptcy

Closeout Deal Includes Halloween Indoor and Outdoor Décor; Children, Adult and Pet Costumes; and Trick-or-Treat Essentials For 50-70% Less Than Original Retail Pricing COLUMBUS, Ohio , Aug. 20, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), today announced the acquisition of its biggest extreme bargain Halloween closeout ever after purchasing a well-known national party supply retailer's overstock, originally valued at $11 million. The deal covers hundreds of new Halloween items, including indoor and outdoor décor; costumes for adults, children and pets; pumpkin carving kits; tableware; trick-or-treat essentials; apparel and more that will be sold for 50-70% less than their original retail prices.

BIG LOTS EXPANDS HALLOWEEN BARGAIN OFFERING WITH $11 MILLION PARTY SUPPLY CLOSEOUT

Company to Broadcast Conference Call COLUMBUS, Ohio , Aug. 15, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced it will report the results for the second quarter of fiscal 2024 on Friday, September 6, 2024. The company will host a conference call at 8:00 a.m.

Big Lots to Report Second Quarter Results on September 6, 2024

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New Survey Shows That Bargain Shopping Provides More Than Just Cost Savings;  85% Say They Bargain Shop for the 'Thrill of Finding Deals'; 62% Find It Therapeutic COLUMBUS, Ohio , Aug. 9, 2024 /PRNewswire/ -- In celebration of National Bargain Hunting Week, Aug. 12-18, Big Lots, Inc. (NYSE: BIG) today announced a series of new bargain-focused initiatives and shared the results of a new survey examining American's bargain shopping habits. "National Bargain Hunting Week, like Big Lots, celebrates savvy shoppers and the thrill they feel when finding a great deal," said Bruce Thorn, President and CEO, at Big Lots.

BIG LOTS SERVES UP BIG SAVINGS, 'BARGAIN THRILLS' TO CELEBRATE NATIONAL BARGAIN HUNTING WEEK, AUG. 12-18

Up to 315 of discount retailer Big Lots' locations could be on the chopping block and facing potential closure, a Securities & Exchange Commission (SEC) filing from Friday indicated.

Big Lots could potentially close 315 stores

Big Lots informed the SEC that the amended terms of a loan agreement include a reduced credit limit and higher interest rates on its credit line.

Discount retailer Big Lots plans to shutter more than 300 stores

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Discount retail chain Big Lots is planning to close at least 35 stores this year amid falling sales and speculations that it may declare bankruptcy.

Big Lots is closing stores in 2024, joins growing list of retailers at risk of bankruptcy

Big Lots announced last month in an SEC filing that it will be closing 35 to 40 stores this year, despite opening three new ones. The company operates more than 1,300 U.S. stores.

News for Big Lots Stock (BIG)