Big Lots, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
March 07, 2024 at 07:00 am EST
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Big Lots, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 1,432.48 million compared to USD 1,543.11 million a year ago. Net loss was USD 30.71 million compared to USD 12.46 million a year ago. Basic loss per share from continuing operations was USD 1.05 compared to USD 0.43 a year ago. Diluted loss per share from continuing operations was USD 1.05 compared to USD 0.43 a year ago.
For the full year, the company reported sales was USD 4,722.1 million compared to USD 5,468.33 million a year ago. Net loss was USD 481.88 million compared to USD 210.71 million a year ago. Basic loss per share from continuing operations was USD 16.53 compared to USD 7.3 a year ago. Diluted loss per share from continuing operations was USD 16.53 compared to USD 7.3 a year ago.
Big Lots, Inc. is a home discount retailer in the United States. It operates more than 1,300 stores in 48 states, as well as an ecommerce store. Its merchandise categories include Food; Consumables; Soft Home; Hard Home and Other; Furniture; and Seasonal. The Food category includes the beverage & grocery, specialty foods, and candy & snacks departments. The Consumables category includes health, beauty and cosmetics; plastics; paper; pet; infant; stationery; and chemical departments. The Soft Home category includes apparel; hosiery; jewelry; fashion bedding; utility bedding; decorative textile; and area rugs departments. The Hard Home and Other categories include small appliances; table top; food preparation; home maintenance; toys; and electronics departments; and other offerings. The Furniture category includes upholstery; mattress; ready-to-assemble; home decor; and case goods departments. The Seasonal category includes lawn & garden; summer; Christmas; and other holiday departments.