Big Lots Shares Spike as Demand Seen Ahead of Expectations [TheStreet.com]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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US:NYSE Investor Relations:
biglots.com/corporate/investors
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Source: TheStreet.com
Shares of Big Lots(BIGGet ReportThe company expects adjusted earnings for the quarter to range $2.50 to $2.75 a share, compared with 53 cents a share in the year-earlier quarter.The latest figures exclude an about $11-a-share gain on the sale of its four distribution centers as part of previously reported sale-leaseback transactions.And Big Lots now expects comparable sales to rise in the mid-to-high twenties percent, moderating from quarter-to-date trends.That number is ahead of the 13.3% growth that analysts at FactSet are modeling for the quarter."The company has seen a continuation of the strong demand that began in mid-April, with quarter-to-date comparable sales through fiscal June increasing well ahead of expectations," the company said in a statement.The outlook reflects an expected gross-margin rate above last year's level and "continued strong control of expenses" despite the pandemic.The company has a current cash position of $890 million with nothing drawn on its $700 mill
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- Gordon Brothers Agents $200M Term Loan for Big Lots [Yahoo! Finance]Yahoo! Finance
- Los Angeles County to help thousands of displaced 99 Cents Only employees [Yahoo! Finance]Yahoo! Finance
- A local high schooler is operating his own business in Mercer County [Yahoo! Finance]Yahoo! Finance
- 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
Earnings
- 3/7/24 - Miss
BIG
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- BIG's page on the SEC website