Business Summary: Big Lots, Inc. is a home discount retailer in the United States. It operates more than 1,300 stores in 48 states, as well as an ecommerce store. Its merchandise categories include Food; Consumables; Soft Home; Hard Home and Other; Furniture; and Seasonal. The Food category includes the beverage & grocery, specialty foods, and candy & snacks departments. The Consumables category includes health, beauty and cosmetics; plastics; paper; pet; infant; stationery; and chemical departments. The Soft Home category includes apparel; hosiery; jewelry; fashion bedding; utility bedding; decorative textile; and area rugs departments. The Hard Home and Other categories include small appliances; table top; food preparation; home maintenance; toys; and electronics departments; and other offerings. The Furniture category includes upholstery; mattress; ready-to-assemble; home decor; and case goods departments. The Seasonal category includes lawn & garden; summer; Christmas; and other holiday departments.
Financial Summary: BRIEF: For the 13 weeks ended 04 May 2024, Big Lots Inc revenues decreased 10% to $1.01B. Net loss decreased 1% to $205M. Revenues reflect Soft Home segment decrease of 13% to $152.6M, Comparable Store Sales - % -Food decrease from -4.8 to -10.2%, Retail Sales-Home decrease of 13% to $152.6M. Lower net loss reflects Merchandise Margins, Total -% increase of 5% to 36.8%, Impairment Charges of stores decrease of 19% to $68.2M (expense).