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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Big Lots' (BIG) fourth-quarter fiscal 2023 results reflect lower sales. However, the company saw sequential improvement in comps and gross margin.

Big Lots (BIG) Q4 Loss Wider than Expected, Revenues Fall Y/Y

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.

Big Lots Revenue Fell, Loss Widened in Q4, But Company Projects Margin Improvement

Big Lots, Inc. (NYSE:BIG ) Q4 2023 Earnings Call Transcript March 7, 2024 8:00 AM ET Company Participants Alvin Concepcion - VP of IR Bruce Thorn - President and CEO Jonathan Ramsden - EVP, CFO and Chief Administrative Officer Conference Call Participants Brad Thomas - KeyBanc Capital Markets Joe Feldman - Telsey Advisory Group Scott Stringer - Wolfe Research Alvin Concepcion Good morning. This is Alvin Concepcion, Vice President of Investor Relations at Big Lots.

Big Lots, Inc. (BIG) Q4 2023 Earnings Call Transcript

Shares of Big Lots Inc. rallied Thursday to reverse an earlier sharp loss after the discount home-essentials retailer provided an upbeat gross-margin outlook and said same-store sales may bring an end to the long quarterly streak of declines.

Big Lots' stock turns higher as ‘extreme bargains' set stage for sales to bottom

Big Lots (BIG) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.28 per share a year ago.

Big Lots (BIG) Reports Q4 Loss, Misses Revenue Estimates

Q4 2023 comparable sales, gross margin rate, expenses, and inventory in line with guidance Q4 GAAP operating loss of $24 million; adjusted operating profit of $1 million;   first quarter of positive adjusted operating profit since Q4 2021 Q4 GAAP EPS loss of $1.05; adjusted EPS loss of $0.28 Expect quarterly year-over-year gross margin improvements to continue through 2024 with a path to positive comparable sales Achieved nearly 60% bargain penetration in Q4, well exceeding our initial goal of 33%; expect to grow to 75% penetration in 2024 Project Springboard on track to deliver a high proportion of the $200 million+ benefit in 2024 For the Q4 Results Presentation, Please Visit:  https://www.biglots.com/corporate/investors COLUMBUS, Ohio , March 7, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported a net loss of $30.7 million, or $1.05 per share, for the fourth quarter of fiscal 2023 ended February 3, 2024. This result includes a net after-tax loss of $22.4 million, or $0.77 per share, associated with distribution center closure costs, impairment charges, and fees related to Project Springboard, offset in part by gains on the sale of real estate and an income tax benefit related to the valuation allowance recorded earlier in 2023.

Big Lots Reports Q4 and Full Year 2023 Results

Affirm

Kohl's

This week, the Fed affirmed a “higher for longer” stance that could send some investors' dreams tumbling down — particularly affecting these three stocks to sell. While each has had ups and downs over the past few years, the post-pandemic whiplash that included poor consumer sentiment and slacking sales may be the final nail in their respective coffins.

Edge of the Abyss: 3 Stocks Flirting With Disaster

COLUMBUS, Ohio , March 5, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, today announced that Maureen B. Short has been appointed to its Board of Directors, effective March 1, 2024.

Big Lots Appoints Maureen B. Short to its Board of Directors

Carvana

Virgin Galactic

Identifying potential risks before they materialize into financial downturns is a must-have skill in the stock market. As the market shifts and companies face adversities, a vigilant eye on potential pitfalls is needed.

Avoid the Avalanche: 3 Stocks to Sell Before They Collapse

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.

Big Lots (BIG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

In a strategic move reflecting Big Lots' deep closeout heritage, the retail and liquidation pioneer has purchased award-winning toy company Hearthsong's full inventory, valued at more than $22 million. The acquisition brings the entire collection of high quality indoor and outdoor children's toys to Big Lots stores for the first time, ahead of the upcoming spring/summer sales season.

Big Lots Acquires Hearthsong Toy Inventory Reinforcing its Commitment to Extreme Values in Latest Closeout Deal

Big Lots is undervalued and underestimated despite recent negative news. The stock price is low due to downgrades and concerns about the company's financial situation. Big Lots is taking steps to enhance liquidity and make a turnaround, but macroeconomic factors are also affecting the company.

Big Lots Is Being Underestimated

Children's Place

Express

Signs of distress at retailers Big Lots Inc., Express and the Children's Place could spell more trouble for the reeling commercial-real-estate market, according to Barclays Research.

Big Lots, Express and Children's Place could spell more trouble for commercial real estate, Barclays says

Shares of Big Lots Inc. were in danger of having their worst day in four years on Monday, after Loop Capital warned investors away from the discount home essentials retailer, citing a “precarious” financial situation and loss of relevance with consumers.

Big Lots' stock tumbles, as Wall Street's top bear sees more than 80% downside

Loop Capital analyst Anthony Chukumba downgraded Big Lots stock to Sell from Hold. The retailer's “financial situation is becoming increasingly precarious,” he wrote.

Big Lots Stock Is Tumbling. The Outlook Is ‘Very Concerning,' Analyst Says.

Big Lots (NYSE: BIG) stock price continued its freefall this week as concerns rose about its future. The shares collapsed by more than 30% in the pre-market session, moving to the key support at $4.

Plot thickens for Big Lots stock price as it slips from $66 to $4

Company Provides Preliminary Unaudited Results Commentary for the Fourth Quarter COLUMBUS, Ohio , Feb. 12, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, today announced it will report its fourth quarter and full year 2023 results on March 7, 2024. A live webcast with analysts and investors will also be held at 8:00 a.m.

Big Lots to Report Fourth Quarter and Full Year 2023 Results on March 7, 2024

Qurate Retail Inc

Wish

The stock market is soaring. But the prosperity is not necessarily being distributed equally.

3 Sorry Retail Stocks to Sell in February While You Still Can

GameStop

Stitch Fix

All in all, it's certainly not a horrible time to be a brick-and-mortar retailer in the United States. That's because the labor market remains strong, while consumers appear to be ready to spend more of their money on goods, interest rates are falling and the wages of retail employees are no longer zooming higher.

Risky Retail: 3 Stocks Investors Should Avoid in 2024

Big Lots (BIG) is poised to bolster growth with strategic initiatives, cost management and omnichannel enhancements, despite facing macroeconomic challenges impacting consumer spending.

Big Lots (BIG) Gains Momentum by Effective Cost Savings

DISH Network

Sleep Number

The end of the year brings with it portfolio adjustments, window dressing and tax harvesting. This results in fund managers and investors selling their losers and buying the winners.

3 tax-loss selling buys to start 2024 with double-digit gains

Although the revenue and EPS for Big Lots (BIG) give a sense of how its business performed in the quarter ended October 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Big Lots (BIG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Big Lots says its quarterly earnings show the impact of a cautious consumer.  The discount retailer's numbers, released Thursday (Nov. 30), showed comparable sales down 13.2%, as shoppers demonstrated hesitancy about buying big-ticket items such as furniture, and the company faced intense competition for food sales.

Big Lots Focuses on ‘Extreme' Bargains as Food Sales Dip

Big Lots (BIG) reports a narrower-than-expected loss per share for third-quarter fiscal 2023. Also, comparable sales fall 13.2% in the quarter and hurt overall sales.

Big Lots (BIG) Q3 Loss Narrower Than Expected, Revenues Fall Y/Y

Big Lots, Inc. (NYSE:BIG) stock rallied 7.5% Thursday after the wholesale retailer posted a slimmer-than-expected third-quarter loss.  Its adjusted loss was $4.38 per share, compared to the $4.68 projected by analysts.

News for Big Lots Stock (BIG)