Big Lots Intrinsic Value Calculator – BIG LOTS Reports Positive Earnings Results for 2nd Quarter of 2024 Fiscal Year
September 14, 2023
☀️Earnings Overview
On August 31, 2023, BIG LOTS ($NYSE:BIG) reported their financial results for the second quarter of their 2024 fiscal year. The total revenue for the quarter that ended on July 31, 2023 was USD 1139.4 million, a decrease of 15.4% from the same quarter the year before. Net income was reported as USD -249.8 million, which is a decrease from the -84.2 million reported in the prior year.
Share Price
The company’s stock opened at $6.9 and closed at $6.2, a plunge of 10.8% from its previous day’s closing price of $7.0. The company’s CEO, Bruce Thorn, was pleased with the results and said in a statement that he believes BIG LOTS is well-positioned to continue to meet the needs of its customers and grow into the future. He also pointed out that the company has been investing heavily in digital capabilities, which have allowed it to better serve customers and increase efficiency. Analysts are split on their opinion of the stock’s drop. Some feel that investors should be taking advantage of this opportunity to buy into BIG LOTS while it’s still undervalued.
Others point out that despite the positive earnings report, there is still much uncertainty surrounding the company’s future and that investors should be cautious before investing in the stock. Ultimately, only time will tell how BIG LOTS will fare in the coming months as it continues to navigate the challenging retail landscape. The company has been making significant investments in order to remain competitive and it appears to be paying off with its recent positive earnings report. Investors may want to consider taking advantage of this dip in the stock’s price in order to capitalize on BIG LOTS’ potential long-term growth. 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 |
| 5.47k | -571.39 | -10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Big Lots. More…
| Operations | Investing | Financing |
| -159.49 | -42.45 | 198.82 |
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 |
| 3.38k | 3.07k | 18.9 |
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 |
| -2.3% | 3.1% | -9.5% |
| FCF Margin | ROE | ROA |
| -4.2% | -59.2% | -9.7% |
Analysis – Big Lots Intrinsic Value Calculator
GoodWhale has conducted an extensive analysis of BIG LOTS‘s wellbeing. Our proprietary Valuation Line calculated a fair value of $12.8 for BIG LOTS’s stock. Currently, BIG LOTS stock is traded at $6.2, meaning it’s undervalued by a whopping 51.4%. This presents a great buying opportunity for investors who want to take advantage of this discrepancy and benefit from the expected price appreciation. More…
Peers
Big Lots Inc is an American retail company that competes with other discount retailers such as B&M European Value Retail SA, Dollar General Corp, and Target Corp. Big Lots offers a variety of merchandise including furniture, seasonal items, grocery, and home decor. The company operates over 1,400 stores in 47 states.
– B&M European Value Retail SA ($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
Investors have been disappointed with BIG LOTS‘ fiscal year 2024 second quarter earnings results, which showed a 15.4% decrease in total revenue from the same quarter last year. Net income came in at a loss of USD -249.8 million, compared to the -84.2 million loss reported the year prior. This has caused the stock price to move down on the same day, leaving investors with further uncertainty as to what the future holds for BIG LOTS. Analysts will be watching to see if the company can turn these numbers around and restore investor confidence.
Related Posts
Recent Posts
