Big Lots, Inc. - BIG STOCK NEWS

Big Lots, Inc. (NYSE: BIG) has announced its largest-ever apparel assortment, now available in stores and online. The new collection features clothing from brands like Reebok and introduces private label lines such as Weekend Soul, offering styles for every family member. This expansion includes activewear, summer attire, and kids' clothing at competitive prices, starting at just $9. The company aims to deliver comfortable yet stylish options to its customers while enhancing the overall shopping experience.

Big Lots, Inc. (NYSE: BIG) reported a strong first quarter for fiscal 2021, with net income of $94.6 million, or $2.62 per diluted share, significantly exceeding prior guidance of $1.30 to $1.45. Net sales rose 13% to $1,626 million, driven by an 11.3% increase in comparable sales. Strength was noted across merchandise categories and online sales grew by 30%. The company's cash and cash equivalents reached $613 million, alongside a strategic share repurchase of $78 million for 1.1 million shares. A quarterly dividend of $0.30 was also declared. However, guidance for Q2 indicates a potential earnings decline, with expected EPS between $1.00 and $1.15.

Big Lots, Inc. (NYSE: BIG) announced a quarterly cash dividend of $0.30 per common share for Q2 fiscal 2021. This comes after a Board meeting on May 26, 2021. The dividend will be paid on June 25, 2021, to shareholders of record as of June 11, 2021. Big Lots operates 1,414 stores across 47 states and offers a wide range of home essentials. The company is recognized for its strong ecommerce capabilities and was ranked #1 on Total Retail's 2020 Top 100 Omnichannel Retailers list.

Big Lots (NYSE: BIG) announced its new campaign, "Be A BIGionaire", aimed at engaging consumers with a fun shopping experience. Featuring Retta, known for her roles in Good Girls and Parks and Recreation, the campaign began airing on April 24 in select markets and will expand nationally before Memorial Day. Through extensive consumer research, Big Lots identified its customers' love for high-value home goods and a thrilling shopping experience. The campaign showcases their unique, bargain-hunting lifestyle, promoting a community of savvy shoppers.

Big Lots, Inc. (NYSE: BIG) will report its first quarter results for fiscal 2021 on May 28, 2021, at 8:00 a.m. Eastern Time. A conference call will be accessible via a webcast on the company's Investor Relations website, which will also host an archive until June 11, 2021. For those unable to attend, a replay can be accessed by calling 877-660-6853 or 201-612-7415 with the Replay Conference ID: 13719566. Big Lots operates 1,413 stores across 47 states and offers a wide range of products, focusing on home essentials.

On May 11, 2021, Big Lots, Inc. (NYSE: BIG) announced its ongoing partnership with the National Veterans Memorial and Museum, launching a fundraising drive from May 15-31. This initiative allows customers to donate at checkout, aiming to raise an additional $1.4 million for the Memorial and Museum, matching prior contributions. The Big Lots Foundation has previously committed $2.5 million to support Veterans. Memorial Day promotions will include special discounts and offers. CEO Bruce Thorn emphasized the importance of supporting Veterans and their families.

Big Lots, Inc. (NYSE: BIG) has launched its largest-ever lawn and garden collection, featuring over 1,200 outdoor furniture items and accessories available in-store and online. This extensive assortment includes top brands like Broyhill and Real Living, offering exceptional value for customers looking to enhance their outdoor spaces. The collection caters to various needs, from complete furniture sets to unique décor pieces, meeting the growing consumer demand for outdoor living solutions. Big Lots aims to provide quality products that are economical, allowing customers to create their dream outdoor oasis.

Big Lots, Inc. (NYSE: BIG) announced its participation in the virtual BofA Securities 2021 Consumer and Retail Technology Conference on March 11, 2021. Executives Bruce Thorn, Jonathan Ramsden, and Jack Pestello will partake in a fireside chat starting at 4:30 PM ET. The event will be broadcast live and accessible via webcast on the Investor Relations section of Big Lots' website. An archived version will be available within 24 hours and can be accessed until June 9, 2021. Big Lots operates 1,410 stores across 47 states, focusing on home essentials.

Big Lots, Inc. reported Q4 fiscal 2020 net income of $98 million, or $2.59 per diluted share, surpassing guidance of $2.40 to $2.50. Net sales rose 8.1% to $1.738 billion, with comparable sales up 7.9%. For fiscal 2020, net income reached $629.2 million, or $16.11 per diluted share, reflecting a 16.5% sales increase to $6.199 billion. The company anticipates Q1 2021 diluted EPS between $1.30 and $1.45, amid ongoing impacts from the pandemic. A quarterly dividend of $0.30 per share has been declared for April 2, 2021.