Big Lots Inc (BIG) Q1 2021 Earnings Call Transcript
BIG earnings call for the period ending May 1, 2021.
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BIG earnings call for the period ending May 1, 2021.
Big Lots Provides Business Update QUARTER-TO-DATE COMPARABLE SALES UP APPROXIMATELY 7.5%; ECOMMERCE DEMAND UP APPROXIMATELY 135% FOURTH QUARTER DILUTED EPS EXPECTED TO BE IN THE RANGE OF $2.40 TO $2.50 News provided by Share this article Share this article COLUMBUS, Ohio, Jan. 13, 2021 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today provided an update on results for the fourth quarter of fiscal 2020. On a quarter-to-date basis, the company has achieved a comparable sales increase of approximately 7.5%, reflecting double-digit comps in all merchandise categories other than Seasonal, which is...
E-commerce demand quarter-to-date is up approximately 135%. Big Lots said its comparable stores sales for the fourth quarter of fiscal 2020 have increased 7.5% to date. That reflects double-digit comps in all merchandise categories other than Seasonal, which is down by a mid-teen percentage due to low levels of Christmas inventory in December, and Food, which is up low single digits. E-commerce demand quarter-to-date is up approximately 135%. The company has seen an acceleration in trends in January and, for the quarter as a whole, expects comps to increase slightly from the quarter...