Big Lots shares jump 9% premarket after company says quarter-to-date sales 'well ahead of expectations' [MarketWatch]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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Source: MarketWatch
Big Lots Inc. shares soared 9% in premarket trade Friday, after the discount retailer said it has seen a continuation of the strong demand that began in mid-April during the coronavirus pandemic, putting its same-store sales in the second quarter-to-date "well ahead of expectations." Columbus, Ohio-based Big Lots is now expecting second-quarter same-store sales to be up in a mid-to-high twenties percentage, which reflects some moderation from current trends. That is far ahead of the 13.3% FactSet consensus. It now expects second-quarter adjusted per-share earnings to range from $2.50 to $2.75, excluding a gain of about $11 a share on the sale of four distribution centers in a sale and leaseback transaction. That will be up from 53 cents in the same period a year ago. The FactSet consensus is for EPS of 84 cents. The company has cash of about $890 million and has not tapped its $700 million revolving credit facility. The cash position does not include about $170 million relating to the
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News
- Big Lots (BIG) Enhances Liquidity, Adds $200M Borrowing Capacity [Yahoo! Finance]Yahoo! Finance
- Big Lots, Inc. (NYSE: BIG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan Facility [Yahoo! Finance]Yahoo! Finance
- Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan FacilityPR Newswire
- Retailers Are Struggling With Cautious Consumers — These 3 Stores Are Offering Extreme Bargains [Yahoo! Finance]Yahoo! Finance
BIG
Earnings
- 3/7/24 - Miss
BIG
Sec Filings
- 4/18/24 - Form 10-K
- 4/18/24 - Form 8-K
- 3/25/24 - Form 4
- BIG's page on the SEC website