Big Lots, Inc. Aktie News

Shares of Big Lots Inc. rallied Thursday to reverse an earlier sharp loss after the discount home-essentials retailer provided an upbeat gross-margin outlook and said same-store sales may bring an end to the long quarterly streak of declines.

Q4 2023 comparable sales, gross margin rate, expenses, and inventory in line with guidance Q4 GAAP operating loss of $24 million; adjusted operating profit of $1 million;   first quarter of positive adjusted operating profit since Q4 2021 Q4 GAAP EPS loss of $1.05; adjusted EPS loss of $0.28 Expect quarterly year-over-year gross margin improvements to continue through 2024 with a path to positi...

This week, the Fed affirmed a “higher for longer” stance that could send some investors' dreams tumbling down — particularly affecting these three stocks to sell. While each has had ups and downs over the past few years, the post-pandemic whiplash that included poor consumer sentiment and slacking sales may be the final nail in their respective coffins.

COLUMBUS, Ohio , March 5, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, today announced that Maureen B. Short has been appointed to its Board of Directors, effective March 1, 2024.

Identifying potential risks before they materialize into financial downturns is a must-have skill in the stock market. As the market shifts and companies face adversities, a vigilant eye on potential pitfalls is needed.

In a strategic move reflecting Big Lots' deep closeout heritage, the retail and liquidation pioneer has purchased award-winning toy company Hearthsong's full inventory, valued at more than $22 million. The acquisition brings the entire collection of high quality indoor and outdoor children's toys to Big Lots stores for the first time, ahead of the upcoming spring/summer sales season.

Big Lots is undervalued and underestimated despite recent negative news. The stock price is low due to downgrades and concerns about the company's financial situation. Big Lots is taking steps to enhance liquidity and make a turnaround, but macroeconomic factors are also affecting the company.

Signs of distress at retailers Big Lots Inc., Express and the Children's Place could spell more trouble for the reeling commercial-real-estate market, according to Barclays Research.