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Last $46.86 USD
Change Today -1.13 / -2.35%
Volume 1.3M
BIG On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

big lots inc (BIG) Snapshot

Open
$47.39
Previous Close
$47.99
Day High
$48.10
Day Low
$46.43
52 Week High
11/28/14 - $51.75
52 Week Low
12/16/14 - $38.15
Market Cap
2.4B
Average Volume 10 Days
1.9M
EPS TTM
$2.70
Shares Outstanding
51.9M
EX-Date
09/9/15
P/E TM
17.3x
Dividend
$0.76
Dividend Yield
1.54%
Current Stock Chart for BIG LOTS INC (BIG)

big lots inc (BIG) Related Businessweek News

No Related Businessweek News Found

big lots inc (BIG) Details

Big Lots, Inc., through its subsidiaries, operates as a non-traditional, discount retailer in the United States. The company offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, tools, paint, and home maintenance departments; and furniture and home décor category consisting of upholstery, mattress, ready-to-assemble, case goods, home décor, and frames departments. It also provides merchandise under the seasonal category that includes lawn and garden, summer, Christmas, toys, books, sporting goods, and other holiday departments; and electronics and accessories category, including electronics, jewelry, apparel, hosiery, and infant accessories departments. As of March 6, 2015, it operated 1,461 stores in 48 states. Big Lots, Inc. was founded in 1967 and is headquartered in Columbus, Ohio.

12,300 Employees
Last Reported Date: 03/31/15
Founded in 1967

big lots inc (BIG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $942.3K
Chief Financial Officer, Chief Administrative...
Total Annual Compensation: $503.8K
Chief Merchandising & Operating Officer and E...
Total Annual Compensation: $646.2K
Senior Vice President of Distribution and Tra...
Total Annual Compensation: $337.7K
Executive Vice President of Human Resources a...
Total Annual Compensation: $404.6K
Compensation as of Fiscal Year 2014.

big lots inc (BIG) Key Developments

Big Lots Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 1, 2015; Provides Earnings Guidance for the Third Quarter and Fourth Quarter of 2015; Revised Earnings Guidance for the Fiscal 2015

Big Lots Inc. reported unaudited consolidated earnings results for the second quarter and six months ended August 1, 2015. For the quarter, the company reported net sales of $1,209,686,000 against $1,195,363,000 for the same period in the last year. Operating profit was $30,537,000 against $27,942,000 for the same period in the last year. Income from continuing operations before income taxes was $27,826,000 against $27,432,000 for the same period in the last year. Income from continuing operations was $17,711,000 or $0.35 per diluted share against $17,212,000 or $0.31 per diluted share for the same period in the last year. Net income was $17,636,000 or $0.34 per diluted share against $19,938,000 or $0.36 per diluted share for the same period in the last year. Net cash provided by operating activities was $29,138,000 against $55,003,000 for the same period in the last year. Excluding non-recurring expense, adjusted income from continuing operations totaled $20.4 million, or $0.40 per diluted share. Comparable store sales for stores open at least fifteen months increased 2.8% for second quarter. For the six months, the company reported net sales of $2,490,141,000 against $2,476,634,000 for the same period in the last year. Operating profit was $83,182,000 against $75,127,000 for the same period in the last year. Income from continuing operations before income taxes was $80,003,000 against $74,267,000 for the same period in the last year. Income from continuing operations was $50,019,000 or $0.95 per diluted share against $45,793,000 or $0.81 per diluted share for the same period in the last year. Net income was $49,849,000 or $0.95 per diluted share against $23,286,000 or $0.41 per diluted share for the same period in the last year. Net cash provided by operating activities was $116,663,000 against $157,169,000 for the same period in the last year. Excluding the non-recurring legal expense, adjusted income from continuing operations totaled $52.7 million, or $1.00 per diluted share. The company guided third quarter income from continuing operations in the range of a loss of $0.04 to income of $0.01 per share. The guidance assumes a comparable store sales increase in the 2% to 3% range. Fourth quarter income from continuing operations is guided at $1.95 to $2.00 per diluted share, compared to income from continuing operations of $1.76 per diluted share for the same period last year. Fourth quarter guidance assumes comparable store sales increase in the range of 1% to 2%. For fiscal 2015, the company expects adjusted income from continuing operations to be in the range of $2.90 to $3.00 per diluted share compared to previous guidance of $2.80 to $2.90 per diluted share; affirms comparable store sales in the range of a low single digit increase for fiscal 2015; affirms cash flow of $175 million for fiscal 2015. Earnings from continuing operations are expected to be $2.85 - $2.95 per share.

Big Lots Inc. Announces Executive Changes

Big Lots Inc. announced three executive promotions along with realignment of responsibilities, all with the singular focus of supporting the Company's long term strategy and enhancing shareholder value. Lisa M. Bachmann was promoted to Executive Vice President, Chief Merchandising and Operating Officer with primary responsibility for the Merchandising, Planning and Allocation, and Global Sourcing teams. Additionally, she will maintain responsibility for the Information Technology strategy and team, which is tightly integrated with the future of merchandising, particularly in the form of the development of our Ecommerce strategy. Ms. Bachmann has held a number of different roles of increasing responsibility while serving Big Lots for the last 13 years culminating in her prior role as Executive Vice President and Chief Operating Officer. Timothy A. Johnson was promoted to Executive Vice President, Chief Administrative Officer and Chief Financial Officer, with primary responsibility for the Accounting and Finance functions, Asset Protection of the stores, offices, and distribution centers, and the Real Estate team. In his new role, he assumes responsibility for the company's distribution centers and global logistics operations. Mr. Johnson has been with Big Lots for 15 years and held numerous roles with increasing responsibility culminating in his prior role of Executive Vice President, Chief Financial Officer. Michael A. Schlonsky was promoted to Executive Vice President, Human Resources and Store Operations, with primary responsibility for the associates and associate relations. In his new role, Mr. Schlonsky assumes responsibility for all aspects of operations in the 1,460 stores from coast to coast. Mr. Schlonsky has been with Big Lots for 22 years and held numerous positions of increasing responsibility culminating in his prior role of Senior Vice President, Human Resources. In conjunction with these promotions, the Company announced the departure of Richard Chene, former Executive Vice President, Chief Merchandising Officer, effective yesterday, August 27, 2015.

Big Lots, Inc. Announces Quarterly Dividend, Payable on September 25, 2015

Big Lots Inc. announced that on August 27, 2015, the Board of Directors declared a quarterly cash dividend of $0.19 per common share. The dividend will be paid on September 25, 2015, to shareholders of record as of the close of business on September 11, 2015.

 

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Industry Analysis

BIG

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Valuation BIG Industry Range
Price/Earnings 18.2x
Price/Sales 0.5x
Price/Book 3.8x
Price/Cash Flow 9.4x
TEV/Sales 0.4x
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