BIG
Big Lots, Inc.NYSE
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  • Fri, Dec. 2, 6:10 AM
    • Big Lots (NYSE:BIG) reports comparable-store sales flat Y/Y in Q3.
    • Gross margin rate rose 60 bps to 40%.
    • Adjusted SG&A expense rate increased 30 bps to 37%.
    • Adjusted operating margin rate improved 30 bps to 0.3%.
    • Inventory -1% Y/Y to $1.04B.
    • Q4 Guidance: Comparable-store sales: flat to +2% Y/Y; Adjusted EPS: $2.18 to $2.23.
    • FY2016 Guidance: Total sales: up slightly Y/Y; Comparable-store sales: +1% to +2%; Adjusted EPS: $3.55 to $3.60 (+18% to +20%); Cash flow: $195M.
    | Fri, Dec. 2, 6:10 AM
  • Fri, Dec. 2, 6:02 AM
    • Big Lots (NYSE:BIG): Q3 EPS of $0.04 beats by $0.05.
    • Revenue of $1.11B (-0.9% Y/Y) misses by $10M.
    • Press Release
    | Fri, Dec. 2, 6:02 AM
  • Fri, Dec. 2, 5:50 AM
    • Big Lots (NYSE:BIG) declares $0.21/share quarterly dividend, in line with previous.
    • Forward yield 1.65%
    • Payable Dec. 30; for shareholders of record Dec. 16; ex-div Dec. 14.
    | Fri, Dec. 2, 5:50 AM
  • Fri, Dec. 2, 5:47 AM
    • Big Lots (NYSE:BIG) declares $0.21/share quarterly dividend, in line with previous.
    • Forward yield 1.65%
    • Payable Dec. 30; for shareholders of record Dec. 16; ex-div Dec. 14.
    | Fri, Dec. 2, 5:47 AM
  • Thu, Dec. 1, 5:30 PM
  • Fri, Nov. 25, 12:34 PM
    • Credit Suisse thinks the dollar store sector could benefit if the legal challenge to extending overtime pay benefits to workers making up to $47K holds up.
    • “Dollar stores would have been most heavily impacted by the new overtime rule given the sheer number of stores they operate and their unique low-cost labor model,” reads the CS note.
    • “With only two to three employees per store typically working at any given time, store managers comprise a significant percentage of store labor and generally work heavy overtime.”
    • Beyond Dollar General (DG +0.6%) and Dollar Tree (DLTR +0.1%) -- a list of companies that could benefit from the OT rules staying the same includes Five Below (FIVE -1.6%), Big Lots (BIG -0.5%) Fred's (FRED -1.2%) and Ollie's Bargain Outlet Holdings (OLLI -0.2%).
    • Previously: New DOL overtime rule in state of flux (Nov. 25)
    | Fri, Nov. 25, 12:34 PM
  • Tue, Nov. 22, 10:01 AM
    • Dollar Tree (NASDAQ:DLTR) is up 11% after delivering a solid quarter that included an increase in Family Dollar acquisition benefits.
    • Burlingon Stores (NYSE:BURL) races 15% higher after its Q3 results topped expectations.
    • DSW (DSW +7.5%) and Chico's (CHS +7.3%) also turned in solid reports to round out the good cheer in the sector.
    • Other retailers on the move include Dollar General (DG +3.1%), Big Lots (BIG +3.8%), Ollie's Bargain Outlet Holdings (OLLI +1.9%), American Eagle Outfitters (AEO +3.5%), Five Below (FIVE +2.8%), and Fred's (FRED +1.8%).
    • Even the bigger chains are bringing in buyers, with Target (TGT +1.3%), Wal-Mart (WMT +1.5%), Staples (SPLS +1.8%) and Office Depot (ODP +3.2%) all ahead of broad market averages.
    • The general theme in the retail sector today is margin improvement as some merchandise and operational costs were shown to have been reeled in to improve profitability.
    | Tue, Nov. 22, 10:01 AM | 2 Comments
  • Wed, Nov. 9, 6:47 AM
    | Wed, Nov. 9, 6:47 AM | 117 Comments
  • Mon, Oct. 17, 1:02 PM
    | Mon, Oct. 17, 1:02 PM | 3 Comments
  • Fri, Aug. 26, 8:18 AM
    | Fri, Aug. 26, 8:18 AM
  • Fri, Aug. 26, 6:24 AM
    • Big Lots (NYSE:BIG) reports comparable-store sales rose 0.3% in Q2.
    • Gross margin rate improved 110 bps to 40.4%.
    • Adjusted SG&A expense rate grew 70 bps to 34.5%.
    • Adjusted operating margin rate increased 30 bps to 3.3%.
    • Inventory -1.6% Y/Y to $808.63M.
    • Q3 Guidance: Comparable-store sales: flat to +2% Y/Y; Adjusted EPS: -$0.04 to $0.01.
    • Q4 Guidance: Comparable-store sales: flat to +2% Y/Y; Adjusted EPS: $2.18 to $2.23.
    • FY2016 Guidance: Total sales: up slightly Y/Y; Comparable-store sales: +1% to +2%; Adjusted EPS: $3.45 to $3.55 (+15% to +18%); Cash flow: ~$210M.
    | Fri, Aug. 26, 6:24 AM
  • Fri, Aug. 26, 6:03 AM
    • Big Lots (NYSE:BIG): Q2 EPS of $0.52 beats by $0.06.
    • Revenue of $1.20B (-0.8% Y/Y) misses by $20M.
    • Press Release
    | Fri, Aug. 26, 6:03 AM
  • Fri, Aug. 26, 5:57 AM
    • Big Lots (NYSE:BIG) declares $0.21/share quarterly dividend, in line with previous.
    • Forward yield 1.59%
    • Payable Sept. 23; for shareholders of record Sept. 9; ex-div Sept. 7.
    | Fri, Aug. 26, 5:57 AM
  • Thu, Aug. 25, 5:30 PM
  • Thu, Aug. 25, 9:35 AM
    • A common theory from analysts is that dollar stores are in the sweet spot of retail - somewhat shielded from the Amazon Effect and geared toward a demographic in which consumers are seeing a meaningful benefit from higher wages and low gas prices.
    • That premise could be questioned after discounters Dollar Tree (DLTR -6.9%) and Dollar General (DG -10.8%) both disappointed with their Q2 earnings and were perhaps surprisingly outperformed by retail giant Wal-Mart (WMT +0.2%).
    • Though the reporting periods don't match up exactly, Wal-Mart showed a 1.6% increase in U.S. comparable sales in Q2 to top Dollar General's 0.7% mark and Dollar Tree's 1.2% pace. It should be noted that at Wal-Mart's scale every basis point of comp gain means a significant amount of extra revenue to help lever down costs.
    • In early trading, Five Below (FIVE -3.7%) and Big Lots (BIG -3.4%) are both lower due to the dollar store earnings disappointment.
    | Thu, Aug. 25, 9:35 AM | 11 Comments
  • Mon, Jun. 13, 11:14 AM
    • The strong performance of the dollar stores sector amid a choppy retail environment is due in part to the format's popularity across different household income levels, according to data from NPD Group.
    • 19% of spending at dollar stores for a 12-month period ending in April came from households with more than $100K in income. 33% of the sales brought in over the same period were from households with over $75K in income. The same effect is being felt at some specialty retailers and other discounters which are drawing more traffic from higher-income consumers than some anticipated.
    • Dollar Tree (DLTR -0.2%), Dollar General (DG -0.4%), Fred's (FRED -0.3%), Big Lots (BIG -2.5%), Five Below (FIVE -0.5%), and Party City (PRTY -0.9%) have all outperformed the broad-based S&P 500 Retail ETF (NYSEARCA:XRT) over the last 90 days.
    | Mon, Jun. 13, 11:14 AM | 1 Comment