BIG Stock Recent News

Big Lots Inc.'s stock BIG, +10.09% rose 7% in early trade Thursday, after the wholesaler posted a narrower-than-expected third-quarter adjusted loss. Columbus, Ohio-based Big Lots had net income of $4.7 million, or 16 cents a share, for the quarter, after a los of $103.0 million, or $3.56 a share, in the year-earlier period.

Big Lots (BIG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Big Lots' (BIG) third-quarter fiscal 2023 performance is likely to have been hurt by a tough operating landscape. However, strength in the Broyhill and Real Living brands is likely to have been tailwinds.

There are near-term concerns for Warner Bros. Discovery, Ambarella, and Big Lots this week.

The third-quarter earnings-reporting season is now upon us, with banks kicking off the season as usual. Interest rates are much higher than they were a year ago, and some banks are seeing a nice boost.

Big Lots' (BIG) strategic efforts, including omni-channel initiatives and Operation North Star, bode well for growth.

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Going by the performance of discount retailers, Wall Street sees more potential in Walmart Inc. NYSE: WMT than Dollar Tree Inc. NASDAQ: DLTR, Dollar General Corp. NYSE: DG or Big Lots Inc. NYSE: BIG

Retail, and small-cap retail, in particular, are not having a good time in 2023. The sector is down about 40% from its highs and struggling to gain traction.

Consumer spending momentum may decline, due to sticky inflation and higher rates. The real pinch of the changing consumer spending pattern has been felt the most by furniture makers American Woodmark (AMWD), MillerKnoll (MLKN), Ethan Allen Interiors (ETD) and HNI (HNI).