Big Lots, Inc. (BIG) CEO Bruce Thorn on Q2 2021 Results - Earnings Call Transcript

Big Lots, Inc. (BIG) Q2 2021 Earnings Conference Call August 27, 2021 8:00 AM ET

Company Participants

Bruce Thorn - President and Chief Executive Officer
Jonathan Ramsden - Executive Vice President, Chief Financial and Administrative Officer

Conference Call Participants

Spencer Hanus - Wolfe Research
Peter Keith - Piper Sandler
Joe Feldman - Telsey Advisory Group
Jason Haas - Bank of America
Anthony Chukumba - Loop Capital
Brad Thomas - KeyBanc Capital Markets

Operator

Ladies and gentlemen, good morning and welcome to the Big Lots Second Quarter Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. On the call today are Bruce Thorn, President and CEO and Jonathan Ramsden, Executive Vice President, Chief Financial and Administrative Officer.

Before starting today’s call, the company would like to remind you that any forward-looking statements made on the call involve risks and uncertainties that are subject to the company’s Safe Harbor provisions as stated in the company’s press release and SEC filings and that actual results can differ materially from those described in the forward-looking statements. The company would like to also point out that our applicable commentary today is focused on adjusted non-GAAP results. Reconciliations of GAAP to non-GAAP adjusted results are available in today’s press release. Effective from the second quarter of fiscal 2021, the company has realigned its merchandise organization and corresponding reporting structure. It will now report results for food consumables, seasonal, soft home, hard home, furniture and a final grouping of apparel, electronics and other. These changes will be reflected in today’s commentary and in the company’s Form 10-Q to be filed in September. The company’s second quarter earnings release and related financial information are available at biglots.com/corporate/investors. Also available on the website is an investor presentation highlighting key themes from this call.

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