share_log

Why Big Lots Shares Are Sliding Today

Why Big Lots Shares Are Sliding Today

爲甚麼今天大宗股價下滑
Benzinga ·  2023/05/26 22:02
  • Big Lots Inc (NYSE:BIG) reported a first-quarter FY23 sales decline of 18.3% year-on-year to $1.124 billion, missing the consensus of $1.19 billion.
  • The decline to last year was driven by a comparable sales decrease of 18.2%.
  • Gross margin for the quarter decreased 180 basis points Y/Y to 34.9%. The operating loss for the quarter was $(261.2) million versus a loss of $(13.5) million a year ago.
  • CEO Bruce Thorn stated, "Macro-economic headwinds have created significant challenges for us, which are reflected in our results and outlook."
  • "While we navigate through this difficult environment, we are being very aggressive in how we are managing our business. We are significantly raising our SG&A savings target to over $100 million in 2023, and have identified over $200 million of bottom-line opportunities across gross margin and SG&A we will be pursuing over the next 18 months."
  • The company held $51.3 million in cash and equivalents as of Apr 29, 2023.
  • Inventory at the end of the quarter was $1.08 billion, an 18.8% decrease Y/Y.
  • Adjusted EPS loss of $(3.40) missed the analyst consensus of $(1.77).
  • On May 24, 2023, the company entered a letter of intent for a sale and leaseback of the Apple Valley, California, distribution center; corporate headquarters building in Columbus, Ohio, and most of the remaining owned stores for $340 million.
  • On May 23, 2023, the Board of Directors declared a suspension of the dividend.
  • Outlook: Big Lots sees Q2 comparable sales to be down in the high-teens range.
  • The company expects Q2 gross margin rate to slightly improve, but remain in the low-30s range, driven by significant markdowns on slow-moving seasonal merchandise.
  • The company did not provide EPS guidance.
  • Price Action: BIG shares are trading lower by 16.6% at $6.01 on the last check Friday.
  • Big Lots公司 紐約證券交易所代碼：BIG）報告稱，23財年第一季度銷售額同比下降18.3％，至11.24億美元，未達到共識的11.9億美元。
  • 與去年的下降是由可比銷售額下降18.2％所推動的。
  • 本季度的毛利率同比下降180個基點至34.9％。本季度的營業虧損爲（2.612）億美元，而去年同期的虧損爲（1,350）萬美元。
  • 首席執行官布魯斯·索恩表示：“宏觀經濟的不利因素給我們帶來了重大挑戰，這反映在我們的業績和前景中。”
  • “在我們度過這個困難的環境時，我們在管理業務方面非常積極。我們正在將銷售和收購儲蓄目標大幅提高到2023年的1億美元以上，並且已經確定了我們將在未來18個月內尋求的毛利率和銷售和收購方面的超過2億美元的利潤機會。”
  • 截至2023年4月29日，該公司持有5,130萬美元的現金及等價物。
  • 本季度末庫存爲10.8億美元，同比下降18.8％。
  • 調整後的每股收益虧損美元（3.40）未達到分析師共識的美元（1.77）。
  • 2023 年 5 月 24 日，該公司簽署了一份意向書，以3.4億美元的價格出售和回租位於加利福尼亞州蘋果谷的配送中心、位於俄亥俄州哥倫布市的公司總部大樓以及剩餘的大部分自有門店。
  • 2023 年 5 月 23 日，董事會宣佈暫停分紅。
  • 外表: Big Lots預計，第二季度的可比銷售額將下降到十幾歲的區間。
  • 該公司預計第二季度毛利率將略有改善，但仍處於30年代的低點區間，這得益於流動緩慢的季節性商品的大幅降價。
  • 該公司沒有提供每股收益指導。
  • 價格走勢： 在週五的最後一張支票上，BIG股下跌了16.6％，至6.01美元。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
    搶先評論