Big Lots, Expects Profits to Rise in FY2023 According to Zacks Research Forecast
December 24, 2022
Trending News ☀️
Big Lots Intrinsic Stock Value – Big Lots ($NYSE:BIG), Inc. is a leading discount retailer in the United States and Canada. The company operates stores, in addition to e-commerce websites and mobile apps. It offers a wide variety of products, including furniture, housewares, toys, electronics, home décor, food and beverages, and more. It also operates an online auction business. Zacks Research recently released its forecast of Big Lots’ earnings for the fiscal year 2023. According to the forecast, the company’s profits are expected to rise substantially compared to last year. The forecast attributed this expected growth to Big Lots’ ongoing efforts to strengthen its online presence.
The company has been investing heavily in its e-commerce platforms, which have seen significant growth over the past few years. Big Lots has also been expanding its store network and introducing new products to attract more customers. The company’s financial performance has also been bolstered by its cost-cutting initiatives and improved operational efficiencies. It has implemented various strategies to reduce costs and increase profitability, such as streamlining its supply chain and optimizing its inventory management systems. Big Lots’ profits are expected to continue to grow over the next few years if it continues to execute on its strategic initiatives. The company’s stock price has already responded positively to the news, and investors are optimistic about the company’s future prospects.
Stock Price
On Thursday, BIG LOTS stock opened at $13.5 and closed at $13.6, down by 0.6% from last closing price of 13.7. The company is making important changes in its strategy and operations, which include a focus on improving its e-commerce capabilities, an increase in store openings, and a focus on private label products. The company has also implemented a cost-saving initiative which is expected to reduce operating expenses in its fiscal year 2023. This cost-saving initiative is expected to increase the company’s profit margin significantly in the coming year. The company’s long-term growth strategy includes the introduction of new products and services to its customers, as well as an expansion of its global presence.
It is also investing in technology and infrastructure to enhance its customer service and experience for customers. All these initiatives are expected to contribute to the company’s growth in the coming years. The company is making important changes in its strategy and operations, which are expected to have a positive impact on its financial performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Big Lots. More…
| Total Revenues | Net Income | Net Margin |
| 5.66k | -148.41 | -2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Big Lots. More…
| Operations | Investing | Financing |
| -160.98 | -161.99 | 314.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Big Lots. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.04k | 3.25k | 30.79 |
Key Ratios Snapshot
Some of the financial key ratios for Big Lots are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.1% | 3.1% | -3.3% |
| FCF Margin | ROE | ROA |
| -3.5% | -12.9% | -2.9% |
VI Analysis – Big Lots Intrinsic Stock Value
BIG LOTS is a great example of how a company’s fundamentals can reflect its long term potential. The VI app makes it easy to analyze the company’s financials and calculate intrinsic value. According to the app, the intrinsic value of a BIG LOTS share is around $33.2. Currently, the company’s stock is trading at $13.6, which represents a discount of 59% on its intrinsic value. This means that BIG LOTS is undervalued in the market and there may be an opportunity to make a profit by investing in the company’s stock. It is important to note that intrinsic value is only a snapshot of a company’s estimated worth, and other factors such as the company’s performance and industry conditions should be taken into consideration before investing. More…
VI Peers
Big Lots Inc is an American retail company that competes with other discount retailers such as B&M European Value Retail SA, Dollar General Corp, and Target Corp. Big Lots offers a variety of merchandise including furniture, seasonal items, grocery, and home decor. The company operates over 1,400 stores in 47 states.
– B&M European Value Retail SA ($LSE:BME)
B&M European Value Retail SA is a holding company that operates through its subsidiaries. The company is engaged in the retail sector and operates stores under the following banners: B&M, Heron Foods, Dealz, and Jawol. The company was founded in 1978 and is headquartered in London, United Kingdom.
– Dollar General Corp ($NYSE:DG)
Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee. As of February 2020, Dollar General operated 16,368 stores in the continental United States. The company offers a selection of merchandise, including consumables, seasonal, home goods, and apparel.
– Target Corp ($NYSE:TGT)
Target is one of the largest discount retailers in the United States. The company offers a wide variety of merchandise, including apparel, home goods, electronics, and more. Target is known for its competitive prices and its commitment to customer satisfaction. The company has a market cap of 74.48B as of 2022 and a return on equity of 34.09%. Target is a publicly traded company and its shares are traded on the New York Stock Exchange.
Summary
Investing in Big Lots, Inc. (BIG) could be a wise decision for investors. The company is a discount retailer that specializes in offering closeout merchandise, overstock items, and seasonal products at discounted prices. Big Lots has a strong balance sheet, with a significant amount of cash and cash equivalents. This provides the company with the flexibility to invest in new projects or acquisitions as well as expand its presence in existing markets. The company also has a loyal customer base and a solid brand reputation.
Big Lots is well-positioned to capitalize on the rise in e-commerce, as it recently launched an online store and has been investing in its digital capabilities. The company also offers several promotional activities such as discounts and loyalty programs that help drive sales. Overall, Big Lots is a stable company that offers investors an opportunity to benefit from its growth potential. The company’s strong balance sheet and commitment to innovation make it an attractive investment for those looking for long-term returns.
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