Yahoo Finance Big Lots Full Year 2024 Earnings: EPS Misses Expectations
Big Lots (NYSE:BIG) Full Year 2024 Results
Key Financial Results
Revenue: US$4.72b (down 14% from FY 2023).
Net loss: US$481.9m (loss widened by 129% from FY 2023).
US$16.53 loss per share (further deteriorated from US$7.30 loss in FY 2023).
BIG Sales Performance
Like-for-like sales growth: Down 13.5% vs FY 2023.
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 4.6%.
In the last 12 months, the only revenue segment was Discount Retailing contributing US$4.72b. Notably, cost of sales worth US$3.04b amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.99b (92% of total expenses). Explore how BIG's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Multiline Retail industry in the US are expected to grow by 10%.
Performance of the American Multiline Retail industry.
The company's shares are up 7.2% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Big Lots (1 is concerning!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
