Big Lots Inc
BIG-
Big Lots Inc soared 31% to $8.22 after the deep discount retailer reported smaller-than-expected loss.
Big Lots said quarterly revenue rose to $1.14 billion from $1.35 billion and net loss soared to $249.8 million from $84.2 million and diluted loss per share jumped to $8.56 from $2.91 a year ago.
Inventory at the end of the quarter declined 15% to $0.98 billion from $1.2 billion because of lower in-transit and on-hand units and lower average unit costs.
On August 25 the company completed the sale of its Apple Valley, California distribution center 22 stores, resulting in gross proceeds of $300 million and after tax and expenses net proceeds were $294 million.
The company used proceeds to pay $100 million for its synthetic lease on the distribution center and the remainder to pay down debt.
The discount retailer forecasted comparable sales to decline in the "low-teen" range and sales to ease 140 basis points compared to the third quarter a year ago.
The company did not provide earnings per share outlook for the third quarter and estimated share count to average 29.3 million in the third quarter.
Aug 29, 2023 -
Big Lots Inc said revenue in the fourth quarter decreased 10.9% to $1.5 billion and the retailer swung to a net loss of $12.5 million from $49.8 million a year ago. Diluted loss per share was 43 cents compared to a profit of $1.63 in the previous year.
Comparable sales declined 13% adversely impacted by 130 basis points in furniture sales following product shortages resulting from the unexpected closure of United Furniture Industries, parent company of Lane.
The company declared a quarterly dividend of 30 cents per share payable on March 31 to shareholders on record on March 17.
Mar 2, 2023
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| Trading Volume | 200,643 |
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8.10 - 0.57 |
| Market Cap Full | $ 16.7M |
Quarterly +
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Q1 | - | -44.5% | -25.5% | -23.2% |
| Q2 | - | -6.7% | -19.6% | -39.4% |
| Q3 | - | - | -41.9% | -25.6% |
| Q4 | - | - | 65.4% | -5.8% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2025 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| -26.3 | -5.8 | -20.2 | -5.6 | - | - | - | - | - | - | - | - |
| 2023 | |||||||||||
| 11.4 | -12.5 | -23.6 | -17.9 | -44 | 74.8 | 16.4 | -39.5 | -17.5 | -10.7 | 15.3 | 47.8 |
| 2022 | |||||||||||
| -7 | -17.1 | -0.5 | -10.7 | -19.3 | -16 | -3.7 | 1.9 | -24.1 | 20.9 | 3.3 | -24.6 |
| 2021 | |||||||||||
| 39 | 6.5 | 7.5 | 0.9 | -11.6 | 8.3 | -12.7 | -15.5 | -10.9 | 2.1 | -2 | 3.9 |
| 2020 | |||||||||||
| -5.5 | -43.5 | -7.7 | 64.9 | 65.3 | 8.4 | -6.3 | 19.9 | -5.4 | 6.7 | 8.6 | -16.9 |
EPS
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Q1 | -0.4 | 1.8 | 2.8 | 2.4 |
| Q2 | -7.1 | -0.4 | 2.6 | 1.3 |
| Q3 | -8.6 | -2.9 | 1.1 | 11.3 |
| Q4 | 0.2 | -3.6 | -0.1 | 0.8 |
| A | -15.94 | -7.3 | 5.3 | 16.1 |