Big Lots Earnings Reports

Big Lots reported net sales of $1.027 billion for Q3 2023, a 14.7% decrease compared to the same period last year. GAAP EPS was $0.16, while adjusted EPS resulted in a loss of $4.38. The company is on track to deliver an adjusted Q4 operating result ahead of last year and expects quarterly year-over-year improvements to continue through 2024.

Big Lots reported a net loss of $103.0 million, or $3.56 per share, for the third quarter of fiscal 2022. Net sales totaled $1.204 billion, a 9.8% decrease compared to the same period last year, driven by a comparable sales decrease of 11.7%.

Big Lots reported a net loss of $84.2 million for Q2 2022, with net sales decreasing by 7.6% to $1.35 billion compared to the same period last year. The decline was driven by a comparable sales decrease of 9.2%. The company is focused on managing costs, repositioning its assortment, and enhancing its balance sheet.

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.

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.