Last $45.03 USD
Change Today -0.63 / -1.38%
Volume 544.4K
BIG On Other Exchanges
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As of 4:15 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

big lots inc (BIG) Snapshot

Open
$45.66
Previous Close
$45.66
Day High
$45.76
Day Low
$44.91
52 Week High
08/27/14 - $48.52
52 Week Low
02/5/14 - $25.50
Market Cap
2.5B
Average Volume 10 Days
947.0K
EPS TTM
$2.19
Shares Outstanding
56.0M
EX-Date
09/10/14
P/E TM
20.6x
Dividend
$0.68
Dividend Yield
0.76%
Current Stock Chart for BIG LOTS INC (BIG)

big lots inc (BIG) Related Businessweek News

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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.

big lots inc (BIG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $678.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $452.9K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $620.4K
Senior Vice President of Distribution and Tra...
Total Annual Compensation: $337.7K
Compensation as of Fiscal Year 2013.

big lots inc (BIG) Key Developments

Big Lots Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 2, 2014; Provides Earnings Guidance for Fourth Quarter and for the Fiscal Year 2015

Big Lots Inc. reported unaudited consolidated earnings results for the second quarter and six months ended August 2, 2014. For the quarter, the company reported net sales of $1,195,363,000 against $1,180,905,000 for the same period in the last year. Operating profit was $27,942,000 against $36,493,000 for the same period in the last year. Income from continuing operations before income taxes was $27,432,000 against $35,752,000 for the same period in the last year. Income from continuing operations was $17,212,000 or $0.31 per diluted share against $21,944,000 or $0.38 per diluted share for the same period in the last year. Net income was $19,938,000 or $0.36 per diluted share against $18,126,000 or $0.32 per diluted share for the same period in the last year. Net cash provided by operating activities was $55,003,000 against $21,835,000 for the same period in the last year. For the six months, the company reported net sales of $2,476,634,000 against $2,447,925,000 for the same period in the last year. Operating profit was $75,127,000 against $97,941,000 for the same period in the last year. Income from continuing operations before income taxes was $74,267,000 against $96,474,000 for the same period in the last year. Income from continuing operations was $45,793,000 or $0.81 per diluted share against $59,009,000 or $1.02 per diluted share for the same period in the last year. Net income was $23,286,000 or $0.416 per diluted share against $50,459,000 or $0.87 per diluted share for the same period in the last year. Net cash provided by operating activities was $157,169,000 against $82,018,000 for the same period in the last year. Based on operating results for the first two quarters and the company’s expectations for the third and fourth quarters of fiscal 2015, the company now estimates fiscal 2015 income from continuing operations to be in the range of $2.40 to $2.50 per diluted share compared to adjusted income from continuing U.S. operations of $2.45 per diluted share for fiscal 2014 (non-GAAP). This outlook is based on comparable store sales in the range of +1% to +2%. The company estimates this financial performance will result in cash flow (defined as cash provided by operating activities less cash used in investing activities) of approximately $250 million from continuing U.S. operations. The company expects capex to be in the range of $100 million to $105 million and have lowered depreciation estimates to be in the range of $118 million to $120 million. For fourth quarter of fiscal 2015, the company is forecasting income from continuing operations to be in the range of $1.70 to $1.76 per diluted share compared to adjusted income from continuing U.S. operations of $1.45 per diluted share in the fourth quarter of fiscal 2013. This forecast assumes comps in the low single digit range, a significantly higher gross margin rate and expenses as a percent of sales slightly higher than last year. The improvement in the gross margin rate anticipates fewer markdowns this year as anniversary the impact of the edits and exits in last year's fourth quarter results.

Big Lots, Inc. Declares Quarterly Cash Dividend, Payable on September 26, 2014

Big Lots Inc. announced that, on August 28, 2014, the company's Board of Directors declared a quarterly cash dividend of $0.17 per common share. The dividend will be paid on September 26, 2014, to shareholders of record as of the close of business on September 12, 2014.

Big Lots Inc. to Report Q2, 2015 Results on Aug 29, 2014

Big Lots Inc. announced that they will report Q2, 2015 results on Aug 29, 2014

 

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