$BIG (Big Lots Inc.)

$BIG {{ '2015-11-24T14:44:05+0000' | timeago}} • Webcast

$DLTR, which competes with $DG and $BIG, reported a consolidated gross profit increase of 93% YoverY to $1.4Bil for 3Q15. Consolidated SG&A expense rose 132.7% to $1.18Bil compared to last year, driven by $628.9MM of Family Dollar expense. Cash and cash equivalents totaled $1.1Bil at 3Q15-end compared to $407.6MM at 3Q14-end.

$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.

$BIG {{ '2017-03-03T12:09:12+0000' | timeago}} • Announcement

$BIG's BoD approved a share repurchase program providing for the repurchase of up to $150MM of common shares. The share repurchase program is eligible to begin on March 7, 2017 and will continue until exhausted.

$BIG {{ '2017-03-03T12:07:44+0000' | timeago}} • Announcement

$BIG expects FY17 EPS of $3.95-4.10, representing a 9-13% increase from FY16 adjusted EPS of $3.64. This forecast is based on a comparable store sales increase in the 1-2% range and total sales flat to up slightly. $BIG expects this financial performance to result in cash flow of about $180-190MM.

$BIG {{ '2017-03-03T12:04:47+0000' | timeago}} • Announcement

$BIG reported a decline in 4Q16 earnings due to legacy pension plans expense as well as lower sales. Net income fell to $90.08MM from $94.53MM last year, while EPS rose to $1.99 from $1.91 on lower weighted average shares outstanding. Net sales declined to $1.579Bil from $1.584Bil. Adjusted EPS increased to $2.26 from $2.01.

$BIG {{ '2016-12-02T15:16:22+0000' | timeago}} • Webcast

$BIG said in terms of ecommerce, the company was trending below its internal plan at the start of 2016. The company believes the operating loss for 2016 will be about $12-13MM. The ecommerce sales were below initial expectations but volumes in 3Q16 were higher than 2Q16. The company is taking steps to grow this business.

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