Big lots stock news

Here are some recent news articles and updates about Big Lots (BIG) stock:

Recent News

• Q4 2022 Earnings Release: Big Lots reported a net loss of $0.14 per share for the fourth quarter of 2022, missing analyst expectations. Revenue declined 4.3% to $1.43 billion. The company cited ongoing supply chain disruptions and higher costs as factors contributing to the disappointing results. (Source: Big Lots Press Release, February 23, 2023)
• CEO Transition: Big Lots announced that its CEO, Bruce Thorn, will retire on June 30, 2023, and be succeeded by Bob DiRomualdo, the company's current Chief Operating Officer. (Source: Big Lots Press Release, February 16, 2023)
• Store Closures: Big Lots announced plans to close approximately 150 underperforming stores in 2023, representing about 10% of its total store count. The company aims to reduce costs and improve profitability. (Source: Big Lots Press Release, January 26, 2023)

Analyst Estimates

• Consensus Estimate: The average analyst estimate for Big Lots' Q1 2023 earnings per share is $0.23, with a range of $0.17 to $0.29. (Source: Yahoo Finance)
• Price Target: The average analyst price target for Big Lots is $23.50, with a range of $18.00 to $30.00. (Source: Yahoo Finance)

Stock Performance

• Recent Performance: Big Lots' stock has been trading relatively flat over the past 12 months, with a slight decline of around 5%. The stock has been affected by the company's disappointing earnings results and ongoing challenges in the retail industry. (Source: Yahoo Finance)
• 52-Week Range: Big Lots' stock has traded between $18.00 and $26.50 over the past 52 weeks. (Source: Yahoo Finance)

Industry Trends

• Retail Industry Challenges: The retail industry is facing significant challenges, including supply chain disruptions, inflation, and changing consumer behavior. These factors are affecting many retailers, including Big Lots. (Source: National Retail Federation)
• Omnichannel Retailing: Big Lots is focusing on its omnichannel retailing strategy, which involves integrating its online and offline channels to provide a seamless shopping experience for customers. This approach is becoming increasingly important in the retail industry. (Source: Big Lots Investor Presentation)

I hope this information helps!