Stock Analysis

Big Lots Third Quarter 2023 Earnings: EPS Misses Expectations

  •  Updated
NYSE:BIG
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Big Lots (NYSE:BIG) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$1.20b (down 9.8% from 3Q 2022).
  • Net loss: US$103.0m (loss widened by US$98.7m from 3Q 2022).
  • US$3.56 loss per share (further deteriorated from US$0.14 loss in 3Q 2022).
earnings-and-revenue-growth
NYSE:BIG Earnings and Revenue Growth December 3rd 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Big Lots EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Big Lots (of which 2 are a bit concerning!) you should know about.

What are the risks and opportunities for Big Lots?

Big Lots, Inc., through its subsidiaries, operates as a home discount retailer in the United States.

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Rewards

  • Trading at 29.9% below our estimate of its fair value

Risks

  • Debt is not well covered by operating cash flow

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Share Price

Market Cap

1Y Return

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