NYSE$BIGGQ

Big Lots Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record Q3 comparable sales increase and EPS above high end of guidance.

Big Lots reported a strong third quarter with a record comparable sales increase of 17.8% and net sales of $1,378 million, an 18.0% increase compared to the same period last year. Net income was $29.9 million, or $0.76 per diluted share.

  • Record-breaking quarter with the strongest ever Q3 sales comp.
  • Adjusted EPS was the highest ever in a third quarter.
  • Continued rollout of Operation North Star strategies, including reconfiguration of Food and Consumables categories and expanding online merchandise assortment.
  • Strategic decision to plan for early holiday shopping paid off.

Headline financials

Total Revenue

$1.34B

Previous: $1.38B-3.1%
EPS (adj)

$0.90

Previous: $3.23-72.1%
Comparable Sales Increase

17.8%

No prior period
eCommerce Demand Growth

70.0%

No prior period
Capital Expenditures

-$123M

Previous: -$103M-19.1%
Free Cash Flow

-$47M

Previous: $164M-128.6%
Net Income

-$4.33M

Previous: $29.9M-114.5%
Operating Income

-$4.13M

Previous: $42.5M-109.7%
Gross Profit

$519M

Previous: $558M-6.9%
Cash & Equivalents

$70.6M

Previous: $548M-87.1%
Total Assets

$4.03B

Previous: $4.2B-4.1%
Stock-Based Comp

$10.9M

Previous: $3.18M+243.2%

Revenue & EPS history

Big Lots · Revenue · Quarterly

$1.34B

Q3 2021-3.1%vs Q3 2020
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Forward guidance

Due to the uncertainty of the holiday season and changing consumer patterns, the company withdrew its full year guidance for fiscal 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-2.1%

Avg return

Earnings day

-6.1%

Avg return

5 days after

-6.7%

Avg return

30 days after

51%

31 / 61 earnings

Positive

+8.1%

Q2 2021

Best reaction

-50.9%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2024-50.9%-64.2%-36.7%
Q3 2025-50.9%-64.2%-36.7%
Q1 2024-2.8%-21.0%-56.3%
Q4 2024-13.0%-21.0%-56.3%
Q2 2024-1.0%-1.7%-31.1%
Q4 2023-0.2%+6.1%-14.8%
Q3 2023-6.7%-12.0%-24.6%
Q2 2023-4.5%-0.7%-24.3%
Q1 2023+5.5%+2.4%-12.8%
Q4 2022-3.9%-9.9%-13.2%
Q3 2022+0.5%+2.0%+3.3%
Q2 2022+1.5%+0.7%+2.8%
Q1 2022+2.5%+1.3%-11.6%
Q4 2021+1.3%+2.1%+4.5%
Q3 2021-14.6%-11.8%-18.8%
Q2 2021+8.1%+9.2%+16.4%
Q1 2021+4.0%+3.7%+55.3%
Q4 2020-0.6%+5.8%+68.9%
Q3 2020+4.7%+0.0%+7.9%
Q2 2020-5.6%-9.0%-9.2%
Q1 2020+2.0%+0.6%-26.6%
Q4 2019-1.2%-0.6%-4.1%
Q3 2019-0.8%-4.5%+4.7%
Q2 2019-3.9%-4.2%-0.8%
Q1 2019-0.7%-0.9%-2.2%
Q4 2018+2.9%-0.1%-1.8%
Q3 2018+0.3%-1.4%-1.5%
Q2 2018-0.1%+0.6%+11.8%
Q1 2018-1.9%-2.6%-1.4%
Q4 2017+2.6%+1.2%+7.9%
Q3 2017+3.0%+0.6%-8.7%
Q2 2017-0.6%-1.5%-4.7%
Q1 2017+1.3%
Q4 2016+0.6%
Q3 2016-1.5%
Q2 2016-4.1%
Q1 2016+1.2%
Q4 2015-1.3%
Q3 2015-1.2%
Q2 2015+0.5%
Q1 2015-1.1%
Q4 2014+0.8%
Q3 2014+1.1%
Q2 2014+1.4%
Q1 2014+0.9%
Q4 2013-0.7%
Q3 2013-4.4%
Q2 2013+0.1%
Q1 2013-1.9%
Q4 2012+2.5%
Q3 2012-2.0%
Q2 2012+1.1%
Q1 2011+2.0%
Q1 2012+0.4%
Q4 2011+0.8%
Q4 2009+0.8%
Q3 2010-0.1%
Q3 2011-0.1%
Q2 2010+0.6%
Q4 2010+0.6%
Q2 2011+0.6%

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