Earnings Quality
BIG-US reported relatively weak net income margins for the last twelve months (3.2% vs. peer median of 4.2%). However, the company booked a level of accruals that is around peer median (1.7% vs. peer median of 1.4%) for the same period, suggesting that its reported net income is supported by a reasonable level of accruals.
BIG-US’s accruals over the last twelve months are around zero. This level is also around the peer median suggesting a proper level of reserves.
Trend Charts
Company Profile
Big Lots, Inc. operates broadline closeout retail stores. It operates its business in the United States and Canada. It operates six merchandise categories: Consumables, Furniture, Home, Seasonal, Play n’ Wear, and Hardlines & Other. The Consumables category includes the food, health and beauty, plastics, paper, chemical, and pet departments. The Furniture category includes the upholstery, mattresses, ready-to-assemble, and case goods departments. Case goods consist of bedroom, dining room, fireplaces, and other occasional furniture. The Home category includes the domestics, stationery, and home decorative departments. The Seasonal category includes the lawn & garden, Christmas, summer, and other holiday departments. The Play n’ Wear category includes the electronics, toy, jewelry, infant accessories, and apparel departments. The Hardlines & Other category includes the appliances, tools, paint, and home maintenance departments, as well as the results of certain large closeout deals that are typically acquired through the company’s alternate product sourcing operations. It was founded by Sol A. Shenk in 1967 and is headquartered in Columbus, OH.
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This article was originally written by abha.dawesar, and posted on CapitalCube.
