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Big Lots Inc   (BIG)
Other Ticker:  
 
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 
Price: $1.0400 $-0.08 -7.143%
Day's High: $1.17 Week Perf: -25.18 %
Day's Low: $ 1.00 30 Day Perf: -53.98 %
Volume (M): 4,137 52 Wk High: $ 11.06
Volume (M$): $ 4,302 52 Wk Avg: $5.04
Open: $1.11 52 Wk Low: $1.00



 Market Capitalization (Millions $) 31
 Shares Outstanding (Millions) 29
 Employees 36,100
 Revenues (TTM) (Millions $) 4,607
 Net Income (TTM) (Millions $) -481
 Cash Flow (TTM) (Millions $) -7
 Capital Exp. (TTM) (Millions $) 61

Big Lots Inc
The Company is the nation's largest broadline closeout retailer. The Company's goal is to build upon its leadership position in broadline closeout retailing by expanding its market presence in both existing and new markets. The Company believes that the combination of its strengths make it a low-cost value retailer well-positioned for continued growth. The Company's Web site is located at www.biglots.com. Wholesale operations are conducted through Big Lots Wholesale, Consolidated International, Wisconsin Toy, and with online purchasing at www.biglotswholesale .com.

CLOSEOUT RETAILING

Closeout retailers provide a service to manufacturers by purchasing excess product that generally results from production overruns, package changes, discontinued products, or returns. Closeout retailers also take advantage of generally low prices in the off-season by buying and warehousing seasonal and general merchandise for future sales. As a result of these lower costs of goods, closeout retailers can offer merchandise at prices lower to significantly lower than those offered by traditional retailers.

RETAIL OPERATIONS

The Company's stores are known for their wide assortment of closeout merchandise. Certain core categories of merchandise are carried on a continual basis, although the specific brand-names offered may change frequently. The Company's stores also offer a small but consistent line of basic items, strengthening their role as dependable, one-stop shops for everyday needs. In addition, the stores feature seasonal items for every major holiday, as well as a wide assortment of merchandise for the home, including furniture, home d'cor, and domestics.

WHOLESALE OPERATIONS

The Company also sells wholesale merchandise which is generally obtained through the same or shared opportunistic purchases of the retail operations. Advertising of wholesale merchandise is conducted primarily at trade shows and by mailings to past and potential customers. Wholesale customers include a wide and varied range of major national and regional retailers, as well as smaller retailers, manufacturers, distributors, and wholesalers.

Wholesale sales are recognized in accordance with the shipping terms agreed upon on the purchase order. Wholesale sales are predominantly recognized under FOB origin where title and risk of loss pass to the buyer when the merchandise leaves the Company's distribution facility. However, when the shipping terms are FOB destination, recognition of sales revenue is delayed until completion of delivery to the designated location.

PURCHASING

An integral part of the Company's business is the sourcing and purchasing of quality brand-name merchandise directly from manufacturers and other vendors typically at prices substantially below those paid by traditional retailers. The Company believes that it has built strong relationships with many brand-name manufacturers and has capitalized on its purchasing power in the closeout marketplace to source merchandise that provides exceptional value to customers. The Company has the ability to source and purchase significant quantities of a manufacturer's closeout merchandise in specific product categories and to control distribution in accordance with vendor instructions, thus providing a high level of service and convenience to these manufacturers. The Company supplements its traditional brand-name closeout purchases with various direct import and domestically sourced merchandise such as furniture, home d'cor, and seasonal items. The Company expects its purchasing power will continue to enhance its ability to source quality closeout merchandise for all of its stores at competitive prices.

COMPETITIVE CONDITIONS

All aspects of the retailing industry are highly competitive. The Company competes with discount stores (such as Wal-Mart' and Target'), dollar stores, deep discount drugstore chains, and other value-oriented specialty retailers.



   Company Address: 4900 E. Dublin-Granville Road Columbus 43081 OH
   Company Phone Number: 278-6800   Stock Exchange / Ticker: NYSE BIG
   


Customers Net Income fell by BIG's Customers Net Profit Margin grew to

-1.9 %

21.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BBY        0.89% 
COST   -4.31%    
DG        1.77% 
TGT        2.78% 
WMT   -0.63%    
AMZN   -2.41%    
• View Complete Report
   



Stocks on the Move

Inflated Times Big Lots Faces Uncertain Future with Store Closures and Bankruptcy Looming

Published Sat, Jul 6 2024 12:19 PM UTC

In recent news, discount home goods retailer Big Lots (BIG) has announced its plans to close more store locations in 2024 due to the impact of elevated inflation on customers' buying power. This move highlights the ongoing struggles faced by retailers in a challenging economic environment.The announcement by Big Lots comes as no surprise, as several major retail chains have ...

Stocks on the Move

Big Lots Struggles Continue as Company Announces Closure of 35-40 Stores in 2024

Published Thu, Jun 27 2024 12:30 PM UTC

Struggling Discount Chain Big Lots Announces Closure of 35-40 Stores in 2024In a move that highlights the company's significant decline over the past few years, struggling discount chain Big Lots has announced plans to close 35-40 of its stores in 2024. This decision comes as no surprise considering the company's plummeting stock value and poor financial performance.Just thr...

Stocks on the Move

Big Lots Inc Faces Imminent Store Closures and Looming Threat of Bankruptcy Amidst Financial Struggles

Published Wed, Jun 26 2024 5:32 PM UTC

Struggling Discount Chain Big Lots Faces Threat of Store Closures and Bankruptcy RiskBig Lots Inc, a prominent discount chain retailer, is currently experiencing significant challenges that suggest a bleak outlook for the company. Recent reports indicate a decline in stock value and a substantial drop in sales, leading to potential store closures and even the threat of filin...

Big Lots Inc

Big Lots Inc Shows Resilience with Decreased Deficit per Share in First Quarter of 2024

Big Lots Inc may have reported a loss in the financial first quarter of 2024, but the numbers tell a tale of resilience and potential for future growth. Despite a decrease in revenue and an increase in deficit, the company has managed to improve its bottom line compared to the previous year.
One of the most positive aspects of the quarterly report is the fact that the deficit per share decreased from $-7.10 to $-6.99, showing that the company is moving in the right direction in terms of cutting costs and improving efficiency. Additionally, the net deficit decreased slightly from the previous year, indicating that Big Lots Inc is taking steps to address its financial challenges.

Big Lots Inc

Big Lots Inc. Shows Promising Signs of Recovery Despite Steep -14.819% Revenue Decrease Over August to October 2023

ig Lots Inc., an American retail corporation specializing in closeout merchandise and overstocked goods, has reported a significant turnaround in its financial performance for the August to October 28, 2023 financial span. The company has posted positive earnings per share (EPS) and exhibited improvements in its net income per share. Despite a decline in revenue, Big Lots Inc. has demonstrated promising signs of recovery, especially in comparison to the overall wholesale industry.
Positive EPS and Net Income:
In August to October 2023, Big Lots Inc. achieved a remarkable turnaround by posting an EPS of $0.16 per share, a considerable improvement from the negative EPS of $-3.56 per share in the same period the previous year. Moreover, the net income per share turned positive, rising from $-8.56 per share in the preceding reporting period to a positive value.






 

Big Lots Inc's Segments
 
Consumables
 Segment     of total Revenue
Home
 Segment     of total Revenue
Seasonal toys
 Segment     of total Revenue
Food
 Segment     of total Revenue
Furniture
 Segment     of total Revenue
Hardlines
 Segment     of total Revenue
Electronics & Other
 Segment     of total Revenue
 
• View Complete Report

Big Lots Inc's Operating Statistics Decrease / Increase
       
Number of Operating Stores   Number of Operating Stores Decline   
Avg. Sales per Operating Store (Thousands $)   Avg. Sales per Operating Store (Thousands $) Decline   




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