Big Lots, Inc. - BIG STOCK NEWS

Big Lots (NYSE: BIG) has been recognized by Newsweek as having one of America's best loyalty programs for 2022. The BIG Rewards program, with over 22 million active members, ranked third among 50 evaluated loyalty programs specifically in the home furnishings sector. This recognition is based on an independent survey involving over 4,000 U.S. customers, focusing on criteria like overall satisfaction, trust, and customer support. Customers can join BIG Rewards for free, benefiting from discounts and exclusive offers.

Big Lots announced its participation in the Bank of America 2022 Consumer & Retail Technology Conference, scheduled for March 9, 2022, in New York City. A fireside chat featuring Bruce Thorn, Jonathan Ramsden, and Jack Pestello will commence at 10:30 AM ET, accessible via a live webcast on the company's Investor Relations page. An archive of the chat will be available until March 25, 2022. Big Lots is recognized for its discount offerings, operating 1,431 stores nationwide.

Big Lots reported net income of $49.8 million ($1.63 per diluted share) for Q4 FY 2021, down from $98 million ($2.59 per diluted share) in the same quarter last year. Excluding a $3.8 million charge for store impairments, adjusted net income was $53.6 million ($1.75 per diluted share). Q4 net sales were $1.73 billion, a 0.3% decrease year-over-year, impacted by a 2.3% decline in comparable sales. The company plans to open over 50 new stores in 2022 and is focused on overcoming macroeconomic challenges.

Big Lots, Inc. (NYSE: BIG) declared a quarterly cash dividend of $0.30 per common share on March 1, 2022, for the first quarter of fiscal 2022. This dividend will be paid on April 1, 2022, to shareholders of record as of the close of business on March 18, 2022. With 1,431 stores across 47 states and a growing eCommerce platform, Big Lots continues to deliver value through a diverse product assortment focusing on home essentials.

Big Lots, Inc. (NYSE: BIG) will report its fourth-quarter fiscal 2021 results on March 3, 2022, at 8:00 a.m. Eastern Time. A conference call will follow, accessible via the Investor Relations section of its website. The call will have a replay available until March 18, 2022, by calling 877.660.6853. Big Lots operates 1,430 stores across 47 states and features a robust eCommerce platform, focusing on essential home goods.

Big Lots, Inc. (NYSE: BIG) announces a Presidents Day sale featuring 20% off on furniture and mattresses from Feb. 12-27, 2022. Offers include discounts on Broyhill recliners, sectionals, and outdoor seating. CEO Bruce Thorn highlights the significance of saving during these times, aiming to assist customers in maximizing budgets. Payment options include the Big Lots Credit Card and PayPal's Pay in 4. The company operates over 1,431 stores nationwide and emphasizes a unique shopping experience focused on home essentials and exceptional value.

Big Lots, Inc. (NYSE: BIG) is collaborating with the American Heart Association in a campaign against heart disease from February 1-20, 2022. Customers who donate at any Big Lots store will receive a $5 off coupon for a future purchase. On National Wear Red Day, February 4, the Big Lots Foundation will match donations up to $333,333. The initiative aims to address the impact of heart disease, especially among women, exacerbated by the pandemic. Big Lots has supported the AHA for over a decade, emphasizing community health and well-being.

Big Lots, Inc. (NYSE: BIG) is launching a new line of exclusive workout gear and fitness products from Mario Lopez, as part of its January 'New Year, New You' theme. This initiative is featured in 'The Lot,' a seasonal display presented in nearly 1,400 stores nationwide. Big Lots continues to evolve its unique shopping experience, combining bargain hunting with trend-focused merchandise. The company aims to maintain high customer engagement with new themes introduced every six weeks, reinforcing its position as a leading discount retailer in the U.S.

On Jan 10, 2022, Big Lots, Inc. (NYSE: BIG) shared its long-range growth outlook, aiming for sales of $8 to $10 billion and an operating margin of 6% to 8%. The company plans to open approximately 500 new stores and enhance eCommerce operations. Despite achieving a 9% increase in two-year comparable sales for December, January's sales trend has softened due to the Omicron variant, projecting lower earnings per share of $1.80 to $1.95. Big Lots has repurchased around 1.6 million shares for about $70 million, with $180 million remaining under its share repurchase program.