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Big Lots Inc   (BIG)
Other Ticker:  
 
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 
Price: $3.6200 $-0.16 -4.233%
Day's High: $3.78 Week Perf: -9.27 %
Day's Low: $ 3.67 30 Day Perf: -18.28 %
Volume (M): 53 52 Wk High: $ 12.50
Volume (M$): $ 197 52 Wk Avg: $6.87
Open: $3.73 52 Wk Low: $3.47



 Market Capitalization (Millions $) 106
 Shares Outstanding (Millions) 29
 Employees 36,100
 Revenues (TTM) (Millions $) 4,831
 Net Income (TTM) (Millions $) -464
 Cash Flow (TTM) (Millions $) -16
 Capital Exp. (TTM) (Millions $) 77

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
   BIG is expected to report next financial results on March 27, 2024.


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

1.44 %

20.92 %

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


   

Stock Performances by Major Competitors

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BBY   -0.27%    
COST   -0.72%    
DG   -4.63%    
TGT        0.01% 
WMT   -0.9%    
AMZN   -0.52%    
• View Complete Report
   



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

Facing Challenging Business Environment, Big Lots Inc Sees Steep -15.401% Revenue Decrease from May to July 2023



Investors closely monitoring retail giant Big Lots Inc were left stunned with the release of the company's second-quarter financial report for 2023. The figures showed a drastic increase in shortfall per share and a steep decline in revenue compared to the same quarter last year. The report also revealed a drop in overall business when compared to its peers in the wholesale industry. These indicators raise concerns about the future performance of Big Lots Inc and its ability to regain market confidence.
Financial Troubles:
For the second quarter of 2023, Big Lots Inc recorded a sizable shortfall per share of $-8.56. This significant decline, when compared to $-2.91 a year ago, reflects the challenging financial position the company finds itself in. Furthermore, the shortfall increased from $-7.10 per share from the prior reporting season. These figures highlight the need for investors to carefully watch Big Lots Inc's performance in the coming quarters.
Revenue Decline and Inventory Levels:
The company experienced a double-digit decline in revenue, dropping by 15.401% to $1.14 billion for Q2 2023. In contrast, the corresponding reporting season a year ago showed revenue of $1.35 billion. Additionally, the sequential revenue increased marginally by 1.362% from $1.12 billion. This decline in revenue is even more concerning considering the Wholesale industry as a whole witnessed a revenue rise during the same period.

Big Lots Inc

Big Lots Inc Battles Major Financial Hurdown: Experiences Startling $-7.10 Deficit Per Share Amid Plummeting Sales in Q1 2023

In its latest financial report, Big Lots Inc, a popular discount retailer, announced a significant shortfall per share for the first quarter of 2023. The shortfall per share amounted to $-7.10, representing a substantial increase from $-0.39 reported in the same period a year ago. Moreover, it was a significant surge from $-0.43 in the previous reporting season. These figures have far-reaching implications for the company's shareholders, including those who invested in the retailer long-term.
Big Lots Inc, which has a market capitalization of $1.5 billion, has seen a decline in its revenue generation. In the first quarter of 2023, the retailer recorded a revenue of $1.12 billion, falling -18.268% from $1.37 billion in the same reporting season a year ago. This represents a sequential decrease of -27.188% from $1.54 billion. The sales decline is a massive concern for Big Lots Inc, as it shows declining demand for its products, indicating a significant drop in market share.






 

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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