Welcome to our dedicated page for Big Lots news (Ticker: BIG), a resource for investors and traders seeking the latest updates and insights on Big Lots stock.
Big Lots, Inc. reports developments tied to its value retail stores, customer promotions, and digital loyalty tools. Recurring updates cover seasonal sales events, holiday campaigns, the BIG Rewards app, and merchandise categories such as home furnishings, seasonal décor, toys, mattresses, furniture, and home essentials.
Company news also includes charitable activity through the Big Lots Foundation and product donations to community organizations. Corporate developments center on Chapter 11 proceedings, capital-structure disclosure, governance matters, operating and financial results, and risk factors tied to the retailer's public-company status.
Big Lots, Inc. (NYSE: BIG), in a business update on June 26, 2020, reported strong demand that commenced in mid-April, leading to projected comparable sales growth of mid-to-high twenties percentage for Q2 2020. The company anticipates adjusted diluted EPS of $2.50 to $2.75, up from $0.53 in Q2 2019, despite COVID-19 expenses. With a robust liquidity position of approximately $890 million in cash and no debt drawn on its credit facility, Big Lots remains optimistic about future performance and plans to return cash to shareholders through buybacks.