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      Big Lots, Inc. (BIG) stock increasing today, Here is why? - Stocks Telegraph

      By ST Staff

      Published on

      December 3, 2021

      2:59 PM UTC

      Last Updated on

      December 3, 2021

      4:14 PM UTC

      Big Lots, Inc. (BIG) stock increasing today, Here is why? - Stocks Telegraph

      The stock of Big Lots, Inc. (BIG) slightly inclined today after the company announced its 3rd quarter results today. The stock gained around 4.59% value to reach $45.62 in the current market. At the end of the previous trading session, the stock closed at $42.58. The average volume of the stock traded in the regular trading session was around 630.55K.

      Highlights of 3rd quarter results:

      • Sales in the 3rd quarter were reported to be $1.336 billion. This is a decrease of 3.1% in the quarterly revenue of the same quarter of 2020. Last year in the 3rd quarter the revenue was $1.378 billion.
      • The net loss was reported to be $4.3 million. In the same quarter of last year, the net income was $29.9 million.
      • As of 30th September 2021, the BIG stock had cash and cash equivalents of around $71 million with no long-term debt. In the same quarter of the last year, the company had cash and cash equivalent of $548 million and long-term debt of $39 million.

      Impact of the financial results on Big Lots, Inc. (BIG):

      When the company announced its quarterly results, the investors were seen to be quite reluctant in investing its shares. The company’s loss was not that much significant but it lost more than $509 million in cash and cash equivalent. They have been left with approx. $39 million as compared to 3 quarters before when they had $548 million in cash and cash equivalents. The company did not mention why they lost so much cash in a span of a limited time period. There are no other major investments or ventures which could be linked to its cash bleeding.

      The company’s loss in sales could be linked to its existing supply chain issue. They said the supply chain issue will be there in near future and they are in constant touch with their transport and manufacturing partners.


      The company forecasts that the sales are expected to increase in the fourth quarter. They are expecting that the earning per share should increase between $2.05 and $2.20 due to the expected positive sales increase as compared to the current situation. The new store openings would contribute to the revenue of the company.

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