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

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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.

Big Lots, Inc. (NYSE:BIG ) Q3 2023 Earnings Call Transcript November 30, 2023 8:00 AM ET Company Participants Alvin Concepcion - Vice President, Investor Relations Bruce Thorn - President and Chief Executive Officer Jonathan Ramsden - Executive VP, CFO, and Chief Administrative Officer Conference Call Participants Joe Feldman - Telsey Advisory Group Brad Thomas - KeyBanc Capital Markets Kate McShane - Goldman Sachs Peter Keith - Piper Sandler Alvin Concepcion Good morning. This is Alvin Concepcion, Vice President of Investor Relations at Big Lots.

Big Lots, Inc. (BIG) Q3 2023 Earnings Call Transcript

Big Lots expects fourth-quarter operating results to improve from a year earlier, which would mark the first quarterly year-over-year improvement in about three years.

Big Lots Stock Rises as Retailer Is 'Playing Offense' in Its Turnaround

Big Lots Inc.'s stock BIG, +10.09% rose 7% in early trade Thursday, after the wholesaler posted a narrower-than-expected third-quarter adjusted loss. Columbus, Ohio-based Big Lots had net income of $4.7 million, or 16 cents a share, for the quarter, after a los of $103.0 million, or $3.56 a share, in the year-earlier period.

Big Lots stock up 7% after company posts narrower-than-expected Q3 adjusted loss

Q3 comparable sales in line with guidance; gross margin rate and adjusted expenses ahead of guidance Reiterating negative high-single-digit Q4 comp sales outlook with an approximately 38% gross margin rate; Q4 adjusted operating result expected to be ahead of last year, marking the first quarter of year-over-year improvement since Q1 2021 Expect quarterly year-over-year improvements to continue through 2024; Project Springboard on track to deliver a high proportion of the $200 million+ benefit in 2024 Q3 GAAP EPS of $0.16; adjusted EPS loss of $4.38   For the Q3 Results Presentation, Please Visit:  https://www.biglots.com/corporate/investors COLUMBUS, Ohio , Nov. 30, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported net income of $4.7 million, or $0.16 per share, for the third quarter of fiscal 2023 ended October 28, 2023. This result includes a net after-tax benefit of $132.7 million, or $4.53 per share, associated with the net impact of gains on the sale of real estate and related expenses, distribution center closure costs, impairment charges, and fees related to Project Springboard.

Big Lots Reports Q3 Results

Home Discount Retailer Names Kristen Cox SVP, Chief Stores Officer and Seth Marks To Newly Created Role of SVP, Extreme Value Sourcing COLUMBUS, Ohio , Nov. 30, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), one of America's largest home discount retailers, today announced the appointment of two new leaders to fill roles on its senior leadership team. Experienced stores leader Kristen Cox is joining Big Lots as SVP, Chief Stores Officer, and closeout merchandising leader Seth Marks is joining the company in the newly formed role of SVP, Extreme Value Sourcing, focused on procuring outstanding products at exceptional values through unique closeout opportunities.

Big Lots Appoints Off-Price Retail Veterans to Leadership Team

Big Lots (BIG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Big Lots (BIG) Might Surprise This Earnings Season

Big Lots' (BIG) third-quarter fiscal 2023 performance is likely to have been hurt by a tough operating landscape. However, strength in the Broyhill and Real Living brands is likely to have been tailwinds.

Big Lots (BIG) to Report Q3 Earnings: Is a Beat in Store?

Big Lots (BIG) possesses 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) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Uber

Ahead of Black Friday, Big Lots joins growing list of North American retailers on the Uber Eats app for on-demand and scheduled delivery of must-have items SAN FRANCISCO , Nov. 21, 2023 /PRNewswire/ -- Today Uber Technologies (NYSE: UBER) announced a new nationwide partnership with Big Lots (NYSE:BIG), bringing the home discount retailer's massive selection to the Uber Eats app, furthering its mission to help consumers get almost anything they need, delivered on-demand. Just in time for the busiest shopping season of the year more than 1,200 Big Lots retail locations across the US are now available for consumers to shop with Uber Eats.

Uber Eats Adds Big Lots As First National Home Discount Retailer

Company to Broadcast Conference Call COLUMBUS, Ohio , Nov. 16, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced it will report the results for the third quarter of fiscal 2023 on Thursday, November 30, 2023. The company will host a conference call at 8:00 a.m.

Big Lots to Report Third Quarter Results on November 30, 2023

Big Lots Stores will be open on Thanksgiving Day from 7 a.m. to 9 p.m. with one-day deals like 50% off toys and an expanded selection of top toy brands like Barbie, Hot Wheels, Fisher Price, Vtech and more The deals continue on Black Friday through the weekend, with special deals Nov. 24-26, including 50% off air fryers and cookware, $179.99 for select recliners and 50% off select outdoor lighted sculptures Launched in September and continuing in November and December, Black Friday is Every Friday at Big Lots with a single-day offer revealed each week on Thursday's via email and social media COLUMBUS, Ohio , Nov. 7, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), one of America's largest home discount retailers, is offering some of the holiday season's hottest extreme bargains with one-day deals like 50% off top toy brands including Barbie, Hot Wheels, Fisher Price, Vtech and more, both in stores and online on Thanksgiving Day.

Black Friday Preview: Big Lots Delivering Holiday's Hottest Bargains in November, Including 50% Off Toys

Big Lots offers an attractive investment opportunity due to stabilizing inflation, strengthening retail sales, and improving consumer financial well-being. The company has a game plan to increase sales and reduce costs, including offering more bargains and cutting SG&A costs. Despite facing headwinds, Big Lots is seeing signs of improvement and has strengthened its balance sheet through a sale-leaseback deal.

October Action Call: Buy Rating On Big Lots

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Big Lots' (BIG) strategic efforts, including omni-channel initiatives and Operation North Star, bode well for growth.

Big Lots' (BIG) Omnichannel Endeavors Appear Encouraging

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Walmart Shines As Dollar Tree, Dollar General, Big Lots Stumble

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CHICAGO--(BUSINESS WIRE)--Leading supply chain visibility provider FourKites has announced the recipients of its annual customer awards, celebrating exceptional customer and partner achievements, ingenuity and collaborative initiatives that bring unprecedented value to complex supply chains. Recognitions this year include the annual Golden Kite Awards; the inaugural High Flyer Award, which recognizes individual users who champion visibility within their organization; and new Innovation Partner.

FourKites Recognizes Customers Including Bayer, Big Lots, Reynolds Consumer Products and Others for Outstanding Achievements in Supply Chain Visibility

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Big Lots lost less money than feared yesterday. The company still lost a lot of money.

Why Big Lots Stock Is a Lot Smaller Today

Shares of Big Lots (BIG) skyrocketed over 26% on Tuesday after the discount furniture and home products retailer posted a lower-than-expected loss and decline in sales as customer demand improved.

Big Lots Shares Soar After Reporting Smaller-Than-Expected Loss as Demand Improves

Big Lots (BIG) reports narrower-than-expected loss per share for second-quarter fiscal 2023. Also, comparable sales fall 14.6% in the quarter, hurting overall sales.

Big Lots (BIG) Q2 Loss Narrower Than Expected, Revenues Fall Y/Y

The most recent fiscal quarter for Big Lots wasn't great, but the market had braced itself for even worse results. Management sees business trends stabilizing in the second half of the year.

News for Big Lots Stock (BIG)