Big Lots, Inc. (NYSE:BIG) Q4 2023 Earnings Call Transcript March 7, 2024 8:00 AM ET Company Participants Alvin Concepcion - VP of IR Bruce Thorn - President and CEO Jonathan Ramsden - EVP, CFO and Chief Administrative Officer Conference Call Participants Brad Thomas - KeyBanc Capital Markets Joe Feldman - Telsey Advisory Group Scott Stringer - Wolfe Research Alvin Concepcion Good morning. This is Alvin Concepcion, Vice President of Investor Relations at Big Lots. Welcome to the Big Lots Fourth Quarter Confe ...

Big Lots (BIG) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -133.33%. A quarter ago, it was expected that this discount retailer would post a loss of $4.71 per share when it actually produced a loss of $4.38, delivering a surprise of 7.01%.Over the last four quarters, the company has surpa ...

COLUMBUS, Ohio, March 5, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, today announced that Maureen B. Short has been appointed to its Board of Directors, effective March 1, 2024. Ms. Short served as the Chief Financial Officer of Upbound Group, Inc. (formerly known as Rent-A-Center), a publicly traded, multi-site, and omni-channel retailer from 2016 to 2022. Commenting on today's announcement, Cynthia T. Jamison, board chair, stated, "Maureen brings more than 25 years of o ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Big Lots (BIG) reports results for the quarter ended January 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 7. On the ...

In a strategic move reflecting Big Lots' deep closeout heritage, the retail and liquidation pioneer has purchased award-winning toy company Hearthsong's full inventory, valued at more than $22 million. The acquisition brings the entire collection of high quality indoor and outdoor children's toys to Big Lots stores for the first time, ahead of the upcoming spring/summer sales season.  COLUMBUS, Ohio, Feb. 22, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), one of America's largest discount home retailers ...

Signs of distress at retailers Big Lots Inc., Express and the Children’s Place could spell more trouble for the reeling commercial-real-estate market, according to Barclays Research. Corporate bankruptcies have been rising since a pandemic lull, with filings in January touching the highest level since 2020, according to Epiq, a bankruptcy-services company, and Barclays. In... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Any ...

Shares of Big Lots Inc. were in danger of having their worst day in four years on Monday, after Loop Capital warned investors away from the discount home essentials retailer, citing a “precarious” financial situation and loss of relevance with consumers.The stock BIG, -3.77% sank 14.7% in premarket trading, which puts it on track for the biggest one-day selloff since it tumbled 19.5% on March 18, 2020, which was a week after the World Health Organization declared COVID-19 a pandemic.The selloff comes even a ...

Company Provides Preliminary Unaudited Results Commentary for the Fourth Quarter COLUMBUS, Ohio, Feb. 12, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, today announced it will report its fourth quarter and full year 2023 results on March 7, 2024. A live webcast with analysts and investors will also be held at 8:00 a.m. ET on March 7, 2024. Commenting on the Company's preliminary unaudited performance in the fourth quarter of fiscal 2023, Bruce Thorn, President and CEO said: ...

The stock market is soaring. But the prosperity is not necessarily being distributed equally. For many consumers, between inflation, high housing prices, and a shifting job market, times are tough. This has led to this list of retail stocks to sell.Numerous retailers are reporting that their customers are pulling back. And that’s still even with headline GDP numbers coming in quite strongly. If and when a recession does hit, retailers will face a most difficult operating environment. And it could be a morta ...

All in all, it’s certainly not a horrible time to be a brick-and-mortar retailer in the United States. That’s because the labor market remains strong, while consumers appear to be ready to spend more of their money on goods, interest rates are falling and the wages of retail employees are no longer zooming higher. However, we are still in the e-commerce era, when e-commerce is taking market share from brick-and-mortar names. Therefore, after Bed, Bath and Beyond and Rite Aid (OTC:RADCQ) went bankrupt last y ...