$BIG (Big Lots Inc.)

$BIG {{ '2016-08-26T12:31:55+0000' | timeago}} • Webcast

Columbus, Ohio-based company $BIG said comparable store sales increased 0.3% in 2Q16. The ownable and winnable merchandise categories produced the best sales results. Furniture was the top performer and was up high single digits. Soft home was up mid single digits with strength in fashion bedding, decorative textiles and area rugs.

$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.

$BIG {{ '2016-12-02T14:41:37+0000' | timeago}} • Webcast

$BIG said furniture was up mid single digits as a category during 3Q16 and within this, both upholstery and mattresses were up high single digits. The credit card program is also performing at or above the set goals. The company gives good value from a merchandising perspective in upholstery and mattresses which is critical to this program.

$BIG {{ '2016-12-02T14:27:00+0000' | timeago}} • Webcast

$BIG saw positive comps during August and September. In October, comps were slightly negative. The furniture and home categories saw comp performance in the mid single digits range. The company is gaining market share in ownable categories such as furniture and sees more opportunities for growth.

$BIG {{ '2016-12-02T13:47:54+0000' | timeago}} • Webcast

$BIG expects the gross margin rate in 4Q16 to be higher than last year. The company is managing inventory and lowering costs. The margin performance in 3Q16 was strong and $BIG believes this trend will continue in 4Q16.

$BIG {{ '2016-12-02T13:34:37+0000' | timeago}} • Webcast

During 3Q16, $BIG opened four new stores and closed seven, leaving 1,442 stores and total selling square footage of approx. 31.7MM. The company expects to end FY16 with 1,432 stores. Capex was $27MM in 3Q16. $BIG expects FY16 Capex to be approx. $100MM or slightly lower than the guidance of $105-110MM.

$BIG {{ '2016-12-02T13:18:23+0000' | timeago}} • Webcast

In 3Q16, $BIG’s ownable and winnable categories produced strong sales results. Furniture was up mid single digits as upholstery, mattresses and case goods benefitted from the expansion completed in May. Soft Home was up mid single digits with strength in nearly every department in the category including home decor and fashion bedding.

$BIG {{ '2016-12-02T11:55:24+0000' | timeago}} • Announcement

$BIG's BoD declared a quarterly cash dividend of $0.21 per common share. The dividend payment of $9MM is payable on Dec. 30, 2016 to shareholders of record on Dec. 16, 2016.

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