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BIG - Big Lots Inc

post #1 of 14
Thread Starter 
chart.ashx?t=big&ta=1&p=d&s=l

Big Lots, Inc. through its wholly owned subsidiaries is a national broadline closeout retailer. As of February 2, 2008, the Company operated a total of 1,353 stores in 47 states. The Company’s merchandising categories include Consumables, Home, Furniture, Hardlines, Seasonal, and Other. The Consumables category includes food, health and beauty, plastics, paper and pet departments. The Home category includes domestics, stationery, and home decorative departments. The Furniture category includes the upholstery, mattresses, ready-to-assemble, and case goods departments. Case goods consist of bedroom, dining room, and living room furniture. The Hardlines category includes the electronics, appliances, tools, and home maintenance departments. The Seasonal category includes lawn & garden, Christmas, summer, and other holiday departments. The Other category includes the toy, jewelry, infant accessories, and apparel departments.
post #2 of 14
I bet on good earnings so hopefully we will see a nice pop and let me get out then you can tank it all you want.
post #3 of 14
AP
Big Lots' 2Q profits up 11 percent
Tuesday August 26, 7:40 am ET
Big Lots' 2nd-quarter profit up 11 percent; raises full-year profit outlook


NEW YORK (AP) -- Big Lots Inc., which specializes in buying closeout items from other retailers and selling them at a discount, reported an 11 percent increase in second-quarter earnings as financially squeezed shoppers flocked to bargains. The retailer also raised its full-year profit guidance.

The Columbus,Ohio-based chain, said Tuesday that it earned $26 million, or 32 cents per share, in the three-month period ended Aug. 4. That compares with $23.4 million, or 22 cents per share, in the year-ago period.

The results included income from discontinued operations, which totaled a net loss of $100,000 compared with net income from discontinued operations of $1.2 million for the year-ago period.

Net sales rose almost 2 percent to $1.1 billion from $1.08 billion in the year-ago period.

Analysts surveyed by Thomson Reuters expected 27 cents per share on revenue of $1.1 billion.

The company said that comparable store sales-- which the company measures as stores open at least two years at the beginning of the fiscal year -- increased 2.8 percent for the quarter. The increase came on top of a 5.2 percent comparable store increase in the year-ago period.

Big Lots said it now expects income from continuing operations of $1.90 to $2.00 per share for the current fiscal year. That's up from previous guidance of $1.80 per share to $1.90 per share.

Analysts surveyed by Thomson Reuters expected $1.90 per share for the year.

Big Lots also said that it expects earnings in the third quarter of 15 cents to 19 cents per share and projects that earnings will be between $1.02 and $1.09 per share in the fourth quarter. Analysts surveyed by Thomson Reuters expect profit of 18 cents per share for the third quarter and $1.03 per share for the fourth quarter.

Big Lots also noted that in the current quarter, it projects comparable store sales growth to be anywhere from 1 percent to 2 percent.
post #4 of 14
Thread Starter 
Down she goes hope everyone shorted her..
post #5 of 14
Quote:
Originally Posted by wisconsinstock1 View Post
Down she goes hope everyone shorted her..

I love nothing more than a stock that plummits after good news is released. Is this phenomenon the BORSON effect, or is it named differently?
post #6 of 14
Thread Starter 
Quote:
Originally Posted by blingbling View Post
I love nothing more than a stock that plummits after good news is released. Is this phenomenon the BORSON effect, or is it named differently?
Not sure about that.. But the Put volume for 32 was stacked against the call volume so I knew it would drop.
post #7 of 14
anyone else think it has more room right now? two steady days of gains, in at 23.25, and I believe it has more room to run.

What say you?
post #8 of 14
Thread Starter 
BIG looks good here


chart.ashx?t=big&ta=1&p=d&s=l
post #9 of 14

Big Lots (BIG) upgraded at ThinkEquity from Hold to Buy. Valuation call, as the company should see better results in the second half of the year. $38 price target.

post #10 of 14

 

Big Lots raises EPS view on strong U.S. sales

http://www.marketwatch.com/story/big-lots-raises-eps-view-on-strong-us-sales-2012-02-02

 

Big Lots Inc. BIG +0.15% raised its fiscal fourth-quarter earnings guidance on strong U.S. sales and lower-than-expected losses in its Canadian operations.

Chief Executive Steve Fishman pointed to strength in the seasonal and furniture categories during the holiday season, which both saw same-store sales rise in the low double digits, while consumables rose in the mid-single digits. He added the planned shift to more electronics merchandise while downsizing toys was well received by customers.

For the quarter ended Saturday, the closeout retailer expects earnings of $1.71 to $1.74 a share, up from $1.59 to $1.66 a share. Sales for the period increased 7.7% to $1.62 billion, just missing the $1.63 billion expected by analysts polled by Thomson Reuters. Same-store sales, for stores open in the U.S. for at least two years at the beginning of the fiscal year, rose 3.4%, ahead of the company's estimate of 1% to 2% growth.

Big Lots, which helps manufacturers clear their warehouses of discounted and overproduced goods, recently had seen weaker same-store sales. Like Wal-Mart Stores Inc. (WMT), Big Lots focuses on discount-oriented customers who are being pinched by higher gasoline and food prices.

In December, Big Lots reported its fiscal third-quarter earnings fell 76% as the closeout retailer posted a loss from its new Canadian operation, though same-store sales rose.

Shares of the company, which expects to report quarterly results March 1, were inactive premarket.

post #11 of 14
Big Lots 4Q Net Up 4.2% As Revenue Improves >BIG
2 days 4 hours 15 minutes ago - Dow Jones News


--Fourth-quarter earnings rise 4.2%
--First quarter guidance disappoints
--CEO says company has "improving trends" coming out of 2011

(Updates to add comments from chief executive beginning in the 4th paragraph and added context throughout)
By Karen Talley and Nathalie Tadena
Of Dow Jones Newswires

NEW YORK (Dow Jones)--Big Lots Inc.'s (BIG) fiscal fourth-quarter profit increased 4.2%, but the closeout retailer issued a disappointing outlook for the current period.
Big Lots, which helps manufacturers clear their warehouses of discounted and overproduced goods, said it expects to earn 75 cents a share to 81 cents in the first quarter, mostly beneath the 81 cents that analysts have projected. Like Wal-Mart Stores Inc. (WMT), Big Lots focuses on discount-oriented customers who are being pinched by higher gasoline and food prices.
Big Lots decided in May not to sell itself after bids from private equity firms came in below the company's expectations. It also completed a C$1.8 million purchase of Canada-based closeout retailer Liquidation World Inc. in July, its first expansion outside the U.S.
"We have improving trends coming out of 2011 and a focused strategy to execute in 2012," Chief Executive Steven Fishman said on a call with analysts.
Big Lots, which has been criticized for the cluttered look of its stores, "has raised expectations of what is the acceptable standard" and will also "distort" space and inventory to make more room for categories that are working while downsizing those that are not, Fishman said.
The company is also working toward being more predictable to Wall Street. "Our quarterly [comparable-store sales] have not been as consistent as our annual track record," Fishman said. "Our focus in 2012 needs to be more consistent and more predictable quarterly results."
For the quarter ended Jan. 28, Big Lots reported a profit of $114.7 million, or $1.75 a share, up from $110.1 million, or $1.46 a share, a year earlier. The latest period included an 8-cent per-share loss related to the new Canadian operations. Earnings were also aided by fewer shares because of stock buybacks.
The company last month raised its earnings guidance to $1.71 to $1.74 a share.
Net sales rose 9.9% to $1.67 billion, topping the $1.66 billion estimate from analysts polled by Thomson Reuters.
Last month, the company reported same-store sales, for stores open in the U.S. for at least two years at the beginning of the fiscal year, rose 3.4%, ahead of the company's estimate of 1% to 2% growth.
Gross margin narrowed to 40.2% from 40.8%.
For the current year, the company sees an adjusted per-share profit of $3.40 to $3.50, bracketing analysts' estimate of $3.46 a share.
Big Lots expects U.S. same-store sales to rise 2% to 4% in the first quarter.
Shares are off 2% to $43.59.

--By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com
--By Karen Talley, Dow Jones Newswires; 212-416-2196; karen.talley@dowjones.com
post #12 of 14
S&P REITERATES HOLD RECOMMENDATION ON SHARES OF BIG LOTS


2 days 1 hours 18 minutes ago - Standard & Poor's
BIG reports Dec-Q EPS of $1.75, vs. $1.46, $0.09 above our estimate and $0.03 higher than consensus from Capital IQ. Results benefited from 3.4% comparable store sales growth in the U.S. as margins widened more than we expected on increased U.S. sales leverage, despite increased investment in Canada. Although we see Canadian dilution continuing in first half of 2012, we see second half benefits as leverage improves. As a result, we are raising our 2012 EPS estimate $0.22 to $3.46, and our 12-month target price by $3 to $44, based on our updated P/E analysis.
post #13 of 14
decent report and guidance coupled with a reiteration of a hold rating by s&p obviously means its time to fill the gap down to 40 ??? lol


425
post #14 of 14

Hoping that this gap gets filled soon. Currently in the position with a slight loss.
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