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Oct 31, 2020
Big Lots Q3 2021 Earnings Report
Reported record Q3 comparable sales increase and EPS above high end of guidance.
Key Takeaways
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.
Big Lots
Big Lots
Forward Guidance
Due to the uncertainty of the holiday season and changing consumer patterns, the company withdrew its full year guidance for fiscal 2020.