Big Lots, Inc. (NYSE:BIG) Q1 2023 Earnings Conference Call May 26, 2023 8:00 AM ET Company Participants Alvin Concepcion - Vice President of Investor Relations Bruce Thorn - President and Chief Executive Officer Jonathan Ramsden - Executive Vice President, Chief Financial and Administrative Officer Conference Call Participants Jessica Taylor - Deutsche Bank Brad Thomas - KeyBanc Capital Markets Joe Feldman - Telsey Advisory Group Jason Haas - Bank of America Karen Short - Credit Suisse Kate McShane - Goldma ...

| --- | --- | |-------|-------| | | | | | | trade restrictions, freight costs, the risks discussed in the Risk Factors section of our most recent Annual Report on Form 10-K, and other factors discussed from time to time in our other filings with the SEC, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This presentation should be read in conjunction with such filings, and you should consider all of these risks, uncertainties and other factors carefully in evaluating forwardlooking s ...

公司门店情况 - 公司在2022年拥有1,425家门店，其中31%位于加利福尼亚、德克萨斯、佛罗里达和俄亥俄四个州，这些州的门店销售额占2022年净销售额的33%[20] 销售情况 - 公司在2022年第二季度因COVID-19大流行和相关政府刺激措施导致的需求增加，使得净销售额占全年比例显著提高[30] - 公司2022年各季度的净销售额和营业利润（亏损）占全年比例分别为25.1%、24.6%、22.0%、28.3%和-5.2%、-41.7%、-50.0%、-3.1%[32] - 公司2022年录得的营业亏损主要归因于通货膨胀和宏观经济压力，导致净销售额下降、毛利润占净销售额比例下降以及销售和管理费用增加[31] 公司员工情况 - 公司拥有约32,200名活跃员工，其中10,200名全职员工和22,000名兼职员工[34] - 公司的员工中约68%为兼职员工，2022年度因节假日销售季节性增加，员工总数峰值达到约35,800人[35] - 公司通过员工参与度调查评估员工参与度，2022年员工参与度调查中，89%的员工回应，77%的员工参与度为正面[37] 公司经营策略 - 公司2023年计划关闭所有前向分销中心，因销售和采购量下降[25] 员工福利和安全 - 公司提供竞争性的薪酬和福利待遇，包括激励性薪酬、绩效奖金、带薪假期、医疗保险等，旨在吸引和留住高绩效人才[39] - 公司强调健康与安全，实施全面的安全协议以确保员工、顾客和其他访客的安全[42]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 29, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-08897 BIG LOTS, INC. (Exact name of registrant as specified in its charter) Ohio 06-1119097 (Stat ...

Big Lots, Inc. (NYSE:BIG) Q3 2022 Earnings Conference Call December 1, 2022 8:00 AM ET Company Participants Alvin Concepcion - Vice President, Investor Relations Bruce Thorn - President and Chief Executive Officer Jonathan Ramsden - Executive Vice President, Chief Financial officer and Administrative Officer Conference Call Participants Spencer Hanus - Wolfe Research Joe Feldman - Telsey Advisory Group Kate McShane - Goldman Sachs Anthony Chukumba - Loop Capital Markets Jason Haas - Bank of America Brad Tho ...

Q3 | 2022 | 1 QUARTERLY RESULTS PRESENTATION THIRD QUARTER 2022 FORWARD-LOOKING STATEMENTS Certain statements in this presentation are forwardlooking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the Act. The words "anticipate," "estimate," "expect," "objective," "goal," "project," "intend," "plan," "believe," "will," "should," "may," "target," "forecast," "guidance," "outlo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-08897 BIG LOTS, INC. (Exact name of registrant as specified in its charter) Ohio 06-1119097 (State o ...

| --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | FORWARD-LOOKING STATEMENTS Certain statements in this release are forwardlooking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the Act. The words "anticipate," "estimate," "expect," "objective," "goal," "project," "intend," "plan," "believe," "will," "should," "may," "target," "forecast," "guidance," "outl ...

Big Lots, Inc. (NYSE:BIG) Q2 2022 Earnings Conference Call August 30, 2022 8:00 AM ET Company Participants Alvin Concepcion - VP, IR Bruce Thorn - President and CEO Jonathan Ramsden - EVP, CFO and Chief Administrative Officer Conference Call Participants Spencer Hanus - Wolfe Research Krisztina Katai - Deutsche Bank Jason Haas - Bank of America Zachary Donnelly - KeyBanc Alvin Concepcion Good morning. This is Alvin Concepcion, Vice President of Investor Relations at Big Lots. Welcome to the Big Lots Second ...

收入和利润（同比环比） - 2022年第一季度净销售额下降2.508亿美元，降幅15.4%[53][58][59] - 可比销售额下降2.683亿美元，降幅17.0%[53][58][59] - 营业利润率下降850个基点至-1.0%[53][57] - 每股稀释亏损0.39美元，上年同期为盈利2.62美元[53] 成本和费用（同比环比） - 毛利率下降350个基点至36.7%，毛利金额减少1.493亿美元[53][64] - 销售和管理费用占净销售额比例上升440个基点至35.0%，金额减少1660万美元[53][65][66] - 2022年第一季度利息支出为280万美元，较2021年同期的260万美元增长7.7%，主要由于平均借款总额从1.807亿美元增至3.011亿美元[69] 各条业务线表现 - 家具类销售额下降18.9%，季节性产品下降22.9%，软家居下降25.7%[58] 现金流和资本活动 - 现金及等价物减少5.516亿美元，从6.133亿美元降至6170万美元[53] - 2022年第一季度经营活动现金流从2021年同期的2.043亿美元流入转为1.962亿美元流出，同比恶化4.005亿美元[82] - 2022年第一季度资本支出增加导致投资活动现金流流出从3217万美元扩大至4124万美元[83] 库存和债务 - 库存增加48.5%或4.372亿美元，从9.015亿美元增至13.387亿美元[53] - 截至2022年4月30日，公司信贷协议项下借款余额为2.708亿美元，剩余可用额度为3.242亿美元[76] 管理层讨论和指引 - 公司预计2022年第二季度可比销售额将同比下降中高个位数百分比，毛利率将降至30%低段[73] - 利率每上升1%将导致公司年度利息支出增加约270万美元，基于当前2.708亿美元借款规模[89] - 柴油价格远期曲线变动10%将导致衍生品未实现损益波动约40万美元[91] 股东回报和税务 - 公司董事会授权2.5亿美元股票回购计划，截至2022年4月30日剩余1.594亿美元额度未使用[78] - 2022年第一季度股息支付总额为1070万美元，较2021年同期的1250万美元下降14.4%[79] - 2022年第一季度有效所得税税率为27.3%，较2021年同期的21.8%上升5.5个百分点，主要受审计结算和股权激励费用影响[71] 门店运营 - 2022年第一季度新开7家门店，关闭4家，净增21家门店[55]