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BIG Big Lots

Headquartered in Columbus, Ohio, Big Lots, Inc. is a neighborhood discount retailer operating 1,411 stores in 47 states, as well as a best-in-class ecommerce platform with expanded capabilities via BOPIS, curbside pickup, Instacart and PICKUP with same day delivery. The company's product assortment is focused on home essentials: Furniture, Seasonal, Soft Home, Food, Consumables, Hard Home, and Electronics, Toys & Accessories. Big Lots' mission is to help people Live BIG and Save Lots. The company strives to be the BIG difference for a better life by delivering unmatched value to customers through surprise and delight, being a 'best place to work' culture for associates, rewarding shareholders with consistent growth and top-tier returns, as well as doing good in local communities.

Company profile

Ticker
BIG
Exchange
Website
CEO
Bruce K. Thorn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CONSOLIDATED STORES CORP /DE/
SEC CIK
IRS number
61119097

BIG stock data

(
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Calendar

9 Jun 21
31 Jul 21
31 Jan 22
Quarter (USD)
May 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Feb 19 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Big Lots earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Jul 21 Michael Allen Schlonsky Common Stock Sell Dispose S No Yes 61.27 2,000 122.54K 65,951
26 May 21 DiGrande Sebastian Common Stock Grant Aquire A No No 0 2,208 0 14,886
26 May 21 Kimberley Alexis Newton Common Stock Grant Aquire A No No 0 2,208 0 2,208

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 281 3 +9266.7%
Opened positions 278 0 NEW
Closed positions 0 280 EXIT
Increased positions 0 0
Reduced positions 2 2
13F shares
Current Prev Q Change
Total value 2.41B 172.11M +1298.2%
Total shares 37.35M 7.54M +395.7%
Total puts 1.45M 0 NEW
Total calls 1.3M 0 NEW
Total put/call ratio 1.1
Largest owners
Shares Value Change
BLK Blackrock 5.91M $403.67M NEW
Vanguard 4.87M $332.75M NEW
Macellum Advisors GP 3.21M $56.15M 0.0%
LSV Asset Management 2.06M $140.47M -3.4%
FMR 2.03M $138.73M NEW
Dimensional Fund Advisors 2.03M $138.39M -7.7%
Mill Road Capital Management 1.72M $117.23M NEW
STT State Street 1.25M $85.53M NEW
GS Goldman Sachs 856.14K $58.47M NEW
BK Bank Of New York Mellon 750.94K $51.29M NEW
Largest transactions
Shares Bought/sold Change
BLK Blackrock 5.91M +5.91M NEW
Vanguard 4.87M +4.87M NEW
FMR 2.03M +2.03M NEW
Mill Road Capital Management 1.72M +1.72M NEW
STT State Street 1.25M +1.25M NEW
GS Goldman Sachs 856.14K +856.14K NEW
BK Bank Of New York Mellon 750.94K +750.94K NEW
Arrowstreet Capital, Limited Partnership 638.32K +638.32K NEW
NTRS Northern Trust 591.36K +591.36K NEW
Geode Capital Management 570.04K +570.04K NEW

Financial report summary

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Risks
  • If we are unable to successfully refine and execute our operating strategies, our operating performance could be significantly impacted.
  • Our inability to properly manage our inventory levels and offer merchandise that meets changing customer demands may materially impact our business and financial performance.
  • Disruption to our distribution network, the capacity of our distribution centers, and our timely receipt of merchandise inventory could adversely affect our operating performance.
  • If we are unable to retain existing and/or secure suitable new store locations under favorable lease terms, our financial performance may be negatively affected.
  • If we are unable to maintain or upgrade our computer systems or if our information technology or computer systems are damaged or cease to function properly, our operations may be disrupted or become less efficient.
  • If we are unable to attract, train, and retain highly qualified associates while also controlling our labor costs, our financial performance may be negatively affected.
  • The loss of key personnel may have a material impact on our future business and results of operations.
  • If we are unable to compete effectively in the highly competitive discount retail industry, our business and results of operations may be materially adversely affected.
  • If we are unable to compete effectively in today’s omnichannel retail marketplace, our business and results of operations may be materially adversely affected.
  • Deterioration in general economic conditions, disposable income levels, and other conditions, such as unseasonable weather or pandemic diseases, could lead to reduced consumer demand for our merchandise, thereby materially affecting our revenues and gross margin.
  • If we are unable to secure customer, employee, vendor and company data, our systems could be compromised, our reputation could be damaged, and we could be subject to penalties or lawsuits.
  • We rely on manufacturers located in foreign countries, including China, for significant amounts of merchandise, including a significant amount of our domestically-purchased merchandise. Our business may be materially adversely affected by risks associated with international trade, including the impact of tariffs and/or sanctions imposed by the U.S. with respect to certain consumer goods imported from China and the impact of the COVID-19 pandemic.
  • Changes in federal or state legislation and regulations, including the effects of legislation and regulations on product safety and hazardous materials, could increase our cost of doing business and adversely affect our operating performance.
  • We are subject to periodic litigation and regulatory proceedings, including Fair Labor Standards Act, state wage and hour, and shareholder class action lawsuits, which may adversely affect our business and financial performance.
  • Our current insurance program may expose us to unexpected costs and negatively affect our financial performance.
  • If we are unable to comply with the terms of the 2018 Credit Agreement, our capital resources, financial condition, results of operations, and liquidity may be materially adversely effected.
  • A significant decline in our operating profit may impair our ability to realize the value of our long-lived assets.
  • We also may be subject to a number of other factors which may, individually or in the aggregate, materially adversely affect our business, capital resources, financial condition, results of operations and liquidity. These factors include, but are not limited to:
Management Discussion
  • In the first quarter of 2021, we realigned our merchandise categories and eliminated our Electronics, Toys, & Accessories merchandise category. See the reclassifications discussion in note 1 to the consolidated financial statements for additional information. In order to provide comparative information, we have reclassified our results into the new merchandise category alignment for both periods presented.
  • Net sales increased $186.4 million, or 13.0%, to $1,625.6 million in the first quarter of 2021, compared to $1,439.1 million in the first quarter of 2020. The increase in net sales was primarily driven by an 11.3% increase in our comps, which increased net sales by $159.3 million. Additionally, our non-comparable sales increased net sales by $27.1 million, driven by increased sales of our new and relocated stores compared to closed stores. Our comps are calculated based on the results of all stores that were open at least fifteen months plus the results of our e-commerce net sales.
  • Our net sales during the first quarter of 2021 benefited from government sponsored relief packages related to COVID-19, which included stimulus payments and enhanced unemployment benefits, the majority of which were released in January 2021 and March 2021. Additionally, we continued to experience increased demand for our home products in the first quarter of 2021, which includes our Furniture, Seasonal, Soft Home, and Hard Home merchandise categories. We believe this increased demand was the result of the continuation of nesting trends we experienced in 2020 due to customers investing more time and
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
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