For the quarter ended April 2023, Big Lots (BIG - Free Report) reported revenue of $1.12 billion, down 18.3% over the same period last year. EPS came in at -$3.40, compared to -$0.39 in the year-ago quarter.
The reported revenue represents a surprise of -5.25% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being -$1.95, the EPS surprise was -74.36%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Big Lots performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales - YoY change (Domestic retail): -18.2% compared to the -14.06% average estimate based on five analysts.
- Number of Stores - Stores open at the end of the year: 1420 versus the three-analyst average estimate of 1424.67.
- Number of Stores - Stores closed during the year: 1 compared to the 5.67 average estimate based on three analysts.
- Number of Stores - Stores opened during the year: 3 compared to the 4.67 average estimate based on three analysts.
- Number of Stores - Stores open at the beginning of the year: 1425 versus the three-analyst average estimate of 1425.67.
- Net Sales- Consumables: $135.77 million compared to the $145.14 million average estimate based on two analysts.
- Net Sales- Furniture: $312.14 million versus $307.90 million estimated by two analysts on average.
- Net Sales- Seasonal: $177.01 million compared to the $205.51 million average estimate based on two analysts.
- Net Sales- Soft Home: $141.88 million versus $154.37 million estimated by two analysts on average.
- Net Sales- Apparel, Electronics, & Other: $115.70 million versus $102.07 million estimated by two analysts on average.
- Net Sales- Hard Home: $76.26 million versus $104.22 million estimated by two analysts on average.
- Net Sales- Food: $164.82 million versus the two-analyst average estimate of $163.84 million.
View all Key Company Metrics for Big Lots here>>>Shares of Big Lots have returned -15.3% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
For the quarter ended April 2023, Big Lots (BIG - Free Report) reported revenue of $1.12 billion, down 18.3% over the same period last year. EPS came in at -$3.40, compared to -$0.39 in the year-ago quarter.
The reported revenue represents a surprise of -5.25% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being -$1.95, the EPS surprise was -74.36%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Big Lots performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales - YoY change (Domestic retail): -18.2% compared to the -14.06% average estimate based on five analysts.
- Number of Stores - Stores open at the end of the year: 1420 versus the three-analyst average estimate of 1424.67.
- Number of Stores - Stores closed during the year: 1 compared to the 5.67 average estimate based on three analysts.
- Number of Stores - Stores opened during the year: 3 compared to the 4.67 average estimate based on three analysts.
- Number of Stores - Stores open at the beginning of the year: 1425 versus the three-analyst average estimate of 1425.67.
- Net Sales- Consumables: $135.77 million compared to the $145.14 million average estimate based on two analysts.
- Net Sales- Furniture: $312.14 million versus $307.90 million estimated by two analysts on average.
- Net Sales- Seasonal: $177.01 million compared to the $205.51 million average estimate based on two analysts.
- Net Sales- Soft Home: $141.88 million versus $154.37 million estimated by two analysts on average.
- Net Sales- Apparel, Electronics, & Other: $115.70 million versus $102.07 million estimated by two analysts on average.
- Net Sales- Hard Home: $76.26 million versus $104.22 million estimated by two analysts on average.
- Net Sales- Food: $164.82 million versus the two-analyst average estimate of $163.84 million.
View all Key Company Metrics for Big Lots here>>>Shares of Big Lots have returned -15.3% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Get the latest research report on BIG - FREE