U.S. markets closed
  • S&P Futures

    4,273.25
    -1.00 (-0.02%)
     
  • Dow Futures

    33,689.00
    -20.00 (-0.06%)
     
  • Nasdaq Futures

    14,322.25
    -9.25 (-0.06%)
     
  • Russell 2000 Futures

    1,896.00
    +3.60 (+0.19%)
     
  • Crude Oil

    72.47
    -0.06 (-0.08%)
     
  • Gold

    1,960.70
    +2.30 (+0.12%)
     
  • Silver

    23.59
    +0.07 (+0.28%)
     
  • EUR/USD

    1.0712
    +0.0011 (+0.11%)
     
  • 10-Yr Bond

    3.7840
    +0.0850 (+2.30%)
     
  • Vix

    13.94
    -0.02 (-0.14%)
     
  • GBP/USD

    1.2446
    +0.0006 (+0.04%)
     
  • USD/JPY

    139.8580
    -0.2020 (-0.14%)
     
  • Bitcoin USD

    26,381.75
    -572.72 (-2.12%)
     
  • CMC Crypto 200

    587.12
    -12.82 (-2.14%)
     
  • FTSE 100

    7,624.34
    -3.76 (-0.05%)
     
  • Nikkei 225

    31,871.23
    -42.51 (-0.13%)
     

Big Lots (BIG) Reports Q1 Earnings: What Key Metrics Have to Say

  • Oops!
    Something went wrong.
    Please try again later.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

For the quarter ended April 2023, Big Lots (BIG) 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Big Lots, Inc. (BIG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research