Last $38.92 USD
Change Today +0.37 / 0.96%
Volume 600.4K
BIG On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

big lots inc (BIG) Snapshot

Open
$39.04
Previous Close
$38.55
Day High
$39.19
Day Low
$38.66
52 Week High
05/22/13 - $39.22
52 Week Low
02/5/14 - $25.50
Market Cap
2.3B
Average Volume 10 Days
1.2M
EPS TTM
$1.73
Shares Outstanding
58.2M
EX-Date
08/29/01
P/E TM
22.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for BIG LOTS INC (BIG)

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big lots inc (BIG) Details

Big Lots, Inc., through its subsidiaries, operates as a broadline closeout 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 flooring 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 that includes electronics, jewelry, apparel, hosiery, and infant accessories departments. As of March 7, 2014, it operated 1,495 BIG LOTS stores in 48 states. Big Lots, Inc. was founded in 1967 and is headquartered in Columbus, Ohio.

13,100 Employees
Last Reported Date: 04/1/14
Founded in 1967

big lots inc (BIG) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $359.8K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $593.9K
Executive Vice President and President of Big...
Total Annual Compensation: $581.5K
Compensation as of Fiscal Year 2012.

big lots inc (BIG) Key Developments

Big Lots Inc. Promotes Timothy A. Johnson to Executive Vice President, Chief Financial Officer

Big Lots Inc. announced the promotion of Timothy A. Johnson to Executive Vice President, Chief Financial Officer. Mr. Johnson has served as CFO since 2012 with primary responsibility for all financial disciplines within the company including financial reporting and controls, treasury, risk management, tax, internal audit, financial planning and analysis, and investor relations. Over the last several months, his role has expanded significantly to include responsibility for the company's real estate strategy and administration along with the asset protection of its stores, distribution centers, and offices. Mr. Johnson is a member of the Executive Leadership Team and assists in charting the company's strategic direction. Mr. Johnson will continue to report to Mr. Campisi. Johnson has a leadership role in the company's philanthropic efforts at Nationwide Children's Hospital. He joined Big Lots in 2000 as Director of Strategic Planning and was promoted to Vice President, Strategic Planning and Investor Relations in February 2004. He was promoted to Senior Vice President, Finance in July 2011, and to SVP, Chief Financial Officer in August 2012.

Big Lots Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended February 1, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2015

Big Lots Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended February 1, 2014. For the quarter, net sales were $1,636,277,000 against $1,744,583,000 against a year ago. Operating profit was $108,225,000 against $196,657,000 a year ago. Income from continuing operations before income taxes was $106,582,000 against $195,193,000 a year ago. Income from continuing operations was $80,979,000 or $1.41 per basic and diluted share against $120,139,000 or $2.10 per basic and diluted share a year ago. Net income was $84,353,000 or $1.47 per basic and diluted share against $120,287,000 or $2.10 per basic and diluted share a year ago. Net cash provided by operating activities was $269,432,000 against $317,038,000 a year ago. Non-GAAP net sales were $1,636,277,000, operating profit was $108,225,000, income from continuing operations was $57,080,000, and net income was $60,454,000 or $1.04 per basic and diluted share. EPS from continuing operations was $1.86 against $2.08 a year ago. Consolidated - adjusted basis was $0.98 against $2.08 a year ago. Comparable store sales for U.S. stores open at least fifteen months decreased 3.0% for the quarter. Adjusted income from continuing operations was $1.45, in line with guidance of $1.40 to $1.55 and a decline from the $2.08 posted a year ago. For the year, net sales were $5,301,912,000 against $5,367,165,000 against a year ago. Operating profit was $190,439,000 against $298,031,000 a year ago. Income from continuing operations before income taxes was $185,887,000 against $293,890,000 a year ago. Income from continuing operations was $124,769,000 or $2.17 per basic and diluted share against $176,969,000 or $2.96 per basic and diluted share a year ago. Net income was $125,295,000 or $2.18 per basic and diluted share against $177,121,000 or $2.96 per basic and diluted share a year ago. Net cash provided by operating activities was $198,334,000 against $281,133,000 a year ago. Non-GAAP net sales were $5,301,912,000 against $5,367,165,000 a year ago. Non-GAAP operating profit was $191,235,000 against $303,605,000 a year ago. Non-GAAP income from continuing operations was $101,451,000 against $180,357,000 a year ago. Non-GAAP net income was $101,977,000 or $1.76 per basic and diluted share against $180,509,000 or $2.98 per basic and diluted share a year ago. Consolidated - adjusted basis was $1.75 against $2.98 a year ago. For the full year fiscal 2013, total CapEx was $105 million compared to $131 million last year. Forecasting fiscal 2014 income from continuing U.S. operations to be $2.25 to $2.45 per diluted share (non-GAAP), compared to fiscal 2013 adjusted income from continuing U.S. operations of $2.45 per diluted share (non-GAAP). Forecasting U.S. comparable store sales in the range of flat to +2% for fiscal 2014 with total sales expected to be flattish to slightly down for the year correlating with the lower expected store count. Forecasting cash flow from continuing U.S. operations of $165 million and consolidated cash flow of approximately $140 million after the impact of the wind down of Canadian discontinued operations. The gross margin rate for 2014 is expected to be higher than last year, driven by forecasted lower markdowns. The company expects net interest expense of approximately $3 million, and the effect of income tax rate is estimated at 39%. For the year, capital expenditures in the U.S. are expected to be approximately $115 million to $120 million. For the first quarter of fiscal 2015, the company estimates income from continuing U.S. operations in the range of $0.40 to $0.45 per diluted share (non-GAAP), compared to last year's adjusted income from continuing U.S. operations of $0.70 per diluted share (non-GAAP). This guidance assumes U.S. comparable store sales are in a range of slightly positive to slightly negative. The gross margin rate for the first quarter of fiscal 2014 is expected to be lower than last year, which is predominantly related to markdowns associated with edit-to-amplify strategy in the exit categories.

Big Lots Inc. Plans to Open 30 New Stores in the U.S. During Fiscal 2014; Plans to Close 50 Existing Locations in the U.S. During Fiscal 2014

Big Lots Inc. announced that from a real estate perspective, it expect to open 30 new stores in the U.S. during fiscal 2014. The company also announced that from a real estate perspective, it plans to close 50 existing locations in the U.S. during fiscal 2014.

 

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