NYSE$BIGGQ
Big Lots Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported a net loss for Q3 2021, with net sales decreasing by 3.1% compared to the same period last year but increasing 14.4% compared to Q3 2019.
Big Lots reported a net loss of $4.3 million for the third quarter of fiscal 2021. Net sales totaled $1,336 million, a 3.1% decrease compared to the same period last year. The company announced a new $250 million share repurchase authorization.
- Net loss of $4.3 million, or $0.14 per share, for the third quarter of fiscal 2021.
- Net sales for the third quarter of fiscal 2021 totaled $1,336 million, a 3.1% decrease compared to last year.
- Comparable sales decreased by 4.7%, but increased 12.3% on a two-year basis.
- New $250 million share repurchase authorization announced.
Headline financials
Revenue & EPS history
Big Lots · Revenue · Quarterly
$1.2B
Forward guidance
For the fourth quarter of fiscal 2021, the company expects diluted earnings per share in the range of $2.05 to $2.20, based on a slightly positive comparable sales increase. For the full year, the company expects a negative low single digit decrease in comparable sales and diluted earnings per share in the range of $5.70 to $5.85.
Tailwinds
- Expects to report diluted earnings per share in the range of $2.05 to $2.20 for Q4 2021.
- Anticipates a slightly positive comparable sales increase for Q4 2021.
- Expects a sales benefit of approximately 180 basis points for Q4 as a result of net new store openings.
- Company expects a new record sales year in 2022.
- Expects to see gross margin expansion in 2022 driven by promotional and pricing optimization.
Headwinds
- Expects fourth quarter gross margin to be down approximately 150 basis points to last year, driven by freight headwinds.
- For the full year, the company expects a negative low single digit decrease in comparable sales.
- The impact of freight headwinds for the full year is expected to result in a 120 basis point decline in full year gross margin compared to last year.
- Supply chain challenges will continue in the near-term.
- Company took pricing actions in response to volatile supply chain costs.
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 2022
-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
| Quarter | Report date | Reaction (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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