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Big Lots Inc - BIG STOCK NEWS

Welcome to our dedicated news page for Big Lots (Ticker: BIG), a resource for investors and traders seeking the latest updates and insights on Big Lots.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Big Lots's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Big Lots's position in the market.

News
Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan Facility
Rhea-AI Summary
Big Lots, Inc. boosts liquidity by $200 million with a new term loan facility to pursue bargain deals and deliver value to consumers. The company aims for significant improvement in sales and gross margin through its five key actions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
none
-
News
Big Lots Bolsters Global Product Sourcing with Launch of Asia-based Buying Offices
Rhea-AI Summary
Big Lots opens international buying offices in Shanghai, China, and Ho Chi Minh City, Vietnam, to enhance sourcing capabilities for closeout deals and extreme bargains. The move is expected to generate significant cost savings and strengthen the company's overseas procurement platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
none
-
News
Big Lots supports the American Heart Association's Life is Why campaign as they champion women's heart health
Rhea-AI Summary
Big Lots raises over $1 million for women's heart health through American Heart Association campaign, totaling $4.1 million over four years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.02%
Tags
none
News
Big Lots Reports Q4 and Full Year 2023 Results
Rhea-AI Summary
Big Lots, Inc. (BIG) reports Q4 2023 results with a net loss of $30.7 million, or $1.05 per share, driven by distribution center closure costs. Adjusted net loss was $8.3 million, or $0.28 per share. Net sales decreased by 7.2% to $1.432 billion. The company expects continued gross margin improvements and positive comparable sales in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.98%
Tags
earnings
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News
Big Lots Appoints Maureen B. Short to its Board of Directors
Rhea-AI Summary
Big Lots, Inc. appoints Maureen B. Short to its Board of Directors, bringing over 25 years of operational leadership and financial experience. Ms. Short's background includes serving as the Chief Financial Officer of Upbound Group, Inc. and holding various roles in finance and strategic planning at companies like Blockbuster and Sprint.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
management
-
News
Big Lots Acquires Hearthsong Toy Inventory Reinforcing its Commitment to Extreme Values in Latest Closeout Deal
Rhea-AI Summary
Big Lots, Inc. (BIG) acquires Hearthsong's award-winning toy inventory valued at over $22 million, adding 500+ new SKUs to stores at 50%-70% off retail prices. The move emphasizes Big Lots' commitment to extreme bargains and innovative products for customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
acquisition
News
Big Lots to Report Fourth Quarter and Full Year 2023 Results on March 7, 2024
Rhea-AI Summary
Big Lots, Inc. provided preliminary unaudited results commentary for the fourth quarter, showcasing performance in line with guidance on sales, margins, expenses, and cash flow. The company plans to report full results on March 7, 2024, with a live webcast available for investors and analysts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.99%
Tags
conferences earnings
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News
Big Lots Reports Q3 Results
Rhea-AI Summary
Big Lots, Inc. (NYSE: BIG) reported net income of $4.7 million, or $0.16 per share, for Q3 2023. Net sales totaled $1.027 billion, a 14.7% decrease compared to the same period last year. Q3 GAAP EPS was $0.16; adjusted EPS loss was $4.38. The company's inventory decreased by 12.5% to $1.177 billion, and it ended the quarter with $46.6 million of Cash and Cash Equivalents and $533.0 million of Long-term Debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.79%
Tags
none
-
News
Big Lots Appoints Off-Price Retail Veterans to Leadership Team
Rhea-AI Summary
Big Lots, Inc. (NYSE: BIG) announces the appointment of Kristen Cox as SVP, Chief Stores Officer, and Seth Marks as SVP, Extreme Value Sourcing. Cox will focus on driving sales, improving margins, and enhancing customer service, while Marks will lead an initiative focused on procuring outstanding products at exceptional values through unique closeout opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.79%
Tags
management
News
Uber Eats Adds Big Lots As First National Home Discount Retailer
Rhea-AI Summary
Uber Technologies (UBER) partners with Big Lots (BIG) to bring the home discount retailer's massive selection to the Uber Eats app, providing nationwide on-demand and scheduled delivery of thousands of items, including home goods, Christmas Shop, Household Essentials, Grocery, Pets, Trending Products, Kids & Baby, and more. Uber One members enjoy a $0 Delivery Fee and up to 10% off all eligible orders with a $15 minimum purchase. Consumers can receive 50% off orders of $50+ from today through December 31st, using the code BIGLOTS50. Big Lots joins a growing list of North American retailers on the Uber Eats app, including PetSmart, Staples, Party City, Bed Bath & Beyond, and Office Depot, among others.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.44%
Tags
none
Stock BIG logo
Big Lots Inc

NYSE:BIG

BIG Rankings

#4245 Ranked by Market Cap
#5268 Ranked by Stock Gains
N/A Ranked by Dividends

BIG Stock Data

101.97M
26.62M
6.63%
78.77%
23.41%
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Retail Trade
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Columbus

About BIG

one team. one goal! big lots associates are part of a team dedicated to our mission of delivering surprises in every aisle, every day!we hire people who will flourish in our fun and fast-paced environment. our associates are encouraged to try new ideas, make decisions, and take on greater responsibilities. their energy, enthusiasm, and dedication to our customers are the major factors in our incredible growth. if you’re interested in joining a fantastic team, check out our job postings. about big lots, inc. headquartered in columbus, ohio, big lots, inc. (nyse: big) is a unique, non-traditional, discount retailer operating 1,464 big lots stores in 47 states with product assortments in the merchandise categories of food, consumables, furniture, seasonal, soft home, hard home, and electronics & accessories. our vision is to be recognized for providing an outstanding shopping experience for our customers, valuing and developing our associates, and creating growth for our shareholder