$BIG (Big Lots Inc.)

$BIG {{ '2016-05-27T12:24:16+0000' | timeago}} • Webcast

$BIG said that during 1Q16, the company closed two stores and opened one, leaving $BIG with 1,448 stores with a total selling square footage of 31.7MM sq. ft. CapEx for the quarter was $18.8MM compared to $39.3MM a year ago. The company said it ended 1Q16 with $64MM of cash and cash equivalents and $154MM of borrowings under its credit facility.

$BIG {{ '2017-12-01T19:14:24+0000' | timeago}} • Webcast

$BIG said it is focused on bringing more traffic to its eCommerce platform. For the full fiscal year, online sales are expected to be at the top end of outlook. The company intends to open around 30 new stores and remodel 125 stores next year. With regard to big ticket items like furniture, Big Lots prefers to follow the brick and mortar model.

$BIG {{ '2017-12-01T17:57:25+0000' | timeago}} • Webcast

After reporting better than expected 3Q17 figures, $BIG said the results were negatively impacted by weather-related costs. During the quarter, the company opened 11 stores and closed 14, and expects to end the year with a total of 1416 stores. The current level of financial activity is expected to result in cash flows of $180MM by the end of 4Q17.

$BIG {{ '2017-12-01T11:53:03+0000' | timeago}} • Announcement

$BIG raised its 4Q17 EPS guidance to $2.35-$2.40 from the earlier forecast of $2.30-$2.38 per share, and reaffirmed the estimate for 'flat to 2% higher' comparable store sales. The EPS guidance for FY17 was upgraded to the range of $4.23 to $4.28 from $4.15 to $4.25 the company had  forecasted earlier.  Full-year comp sales are seen growing 1%.

$BIG {{ '2017-12-01T11:51:49+0000' | timeago}} • Announcement

Discount retailer $BIG reported a marked increase in third quarter earnings, helped by a 1% growth in comparable sales and an insurance-related gain. Earnings advanced to $0.10 per share from $0.03 per share in 3Q16. Sales moved up 0.5% YoY to $1.11Bil supported by improved same store performance, which was partially offset by lower store count.

$BIG {{ '2017-08-25T14:02:45+0000' | timeago}} • Webcast

Looking ahead, $BIG expects the performance of its food division to be flat or modestly positive in the coming quarters. The company sees good prospects in the new items being added to the assortment in the food category. As part of expanding the furniture business, Big Lots will continue adding more space in stores for that category.

$BIG {{ '2017-08-25T13:22:16+0000' | timeago}} • Webcast

$BIG said its quarterly earnings exceeded estimates for the 15th consecutive quarter, with the latest being 2Q17. The company announced a quarterly cash dividend of 25 cents per common share in the second quarter. The dividend, totalling about $11MM, will be paid on September 22, 2017, to shareholders of record on September, 8, 2017.

$BIG {{ '2017-08-25T13:08:11+0000' | timeago}} • Webcast

-          In preparation for the upcoming fall sales, $BIG is bringing in changes to some of its ‘mattress programs’ by adding new technology and better aesthetics, besides revamping the upholstery product line. The company said its food segment has been facing significant macro-headwinds from increased competition, especially from the overseas.

$BIG {{ '2017-08-25T11:16:04+0000' | timeago}} • Announcement

$BIG has revised up its EPS outlook for fiscal 2017 to the range of $4.15 to $4.25 from the previous forecast of $4.05 to $4.20. The upward revision is based on an expected comparable sales increase of 1-1.5% and sales growth between 2% and 2.5%. The company reaffirmed its full year cash flow forecast in the $180MM- $190MM range.

$BIG {{ '2017-08-25T11:09:27+0000' | timeago}} • Announcement

$BIG said it expects to record EPS in the range of $0.01 to $0.05 in 3Q17. Comparable store sales are forecast to grow in the low single digits during the quarter. For 4Q17, the company forecasts EPS between $2.30 and $2.38, on an anticipated comparable sales growth of 2%.

$BIG {{ '2017-08-25T11:02:36+0000' | timeago}} • Infographic

Discount retailer $BIG reported a 2% increase in 2Q17 comparable store sales. The effect of the improvement in sales was partially offset by lower store count, compared to last year. Earnings advanced 29% YoY to $29MM or $0.67 per share, exceeding expectations. Net sales grew 1.5% annually to $1.22Bil.

$BIG {{ '2017-05-26T16:33:17+0000' | timeago}} • Infographic

$BIG Big Lots, Inc. Earnings AlphaGraphics: Q1 2017 highlights

$BIG {{ '2017-05-26T13:28:32+0000' | timeago}} • Webcast

$BIG stated that on GM guidance, the company expects GM to be slightly up for the year, based on the outperformance in 1Q17.

$BIG {{ '2017-05-26T12:33:19+0000' | timeago}} • Webcast

$BIG said the company is not expecting a positive comp in 2Q17, but expects it to be in the flattish range. Additionally, the company said that it is adding more SKUs and in food $BIG is doubling the SKU count going forward.

$BIG {{ '2017-05-26T10:31:51+0000' | timeago}} • Announcement

For FY17, $BIG expects income to be in the range of $4.05-4.20 per diluted share, representing a 11-15% increase compared to FY16 adjusted income of $3.64 per diluted share. The company also affirmed its guidance for FY17 comparable store sales increase of 1-2% and cash flow of $180-190MM.

$BIG {{ '2017-05-26T10:29:03+0000' | timeago}} • Announcement

For 2Q17, $BIG expects diluted EPS in the range of $0.58-0.63, representing a 12-21% increase compared to adjusted income of $0.52 per diluted share for the same period a year ago. The company also expects comparable store sales increase in the low single digits.

$BIG {{ '2017-05-26T10:24:55+0000' | timeago}} • Announcement

$BIG BoD declared a quarterly cash dividend of $0.25 per common share. The dividend is payable on June 23, 2017, to shareholders of record as of the close of business on June 9, 2017.

$BIG {{ '2017-05-26T10:23:18+0000' | timeago}} • Announcement

Discount retailer $BIG reported higher 1Q17 earnings, driven by lower expenses and higher operating profit. Net income increased 33.24% to $51.52MM or $1.15 per share from $38.65MM or $0.79 per share a year ago. Net sales for the quarter declined 1.2% to $1.29Bil from $1.31Bil in 1Q16. Excluding items, $BIG earned $1.15 per share.

$BIG {{ '2017-03-03T14:26:25+0000' | timeago}} • Webcast

During 4Q16, $BIG opened 3 stores and closed 13, bringing the store count to 1,432 stores. Nine stores were opened and 26 were closed in 2016. For ecommerce operations, the company estimates net sales of approx. $18-20MM and net operating loss to be $12-13MM or $0.16-0.18 per diluted share in FY17. CapEx is expected to be approx. $150MM for FY17.

$BIG {{ '2017-03-03T12:11:51+0000' | timeago}} • Announcement

$BIG expects 1Q17 EPS of $0.95-1.05, representing a 16-28% increase compared to last year's adjusted income of $0.82 per share. This guidance assumes comparable store sales in the range of flat to up 2%.

$BIG {{ '2017-03-03T12:10:58+0000' | timeago}} • Announcement

$BIG's BoD increased its quarterly dividend payment rate about 19% by declaring a 1Q17 cash dividend of $0.25 per share. The dividend is payable on March 31, 2017 to shareholders of record on March 17, 2017.

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