财务表现 - 净销售额下降8.1%，达到10.47亿美元[135] - 可比销售额下降5.3%[135] - 毛利率上升190个基点至34.9%[135] - 销售和管理费用增加9360万美元至5.54亿美元，占净销售额52.9%[135] - 全年净销售额下降9.2%至20.557亿美元，同店销售下降7.6%[156,157] 资产负债表 - 长期债务从4.93亿美元下降至0美元[135] - 存货下降14.8%至8.37亿美元[135] 门店管理 - 预计2024年将关闭最多315家门店[138] - 家居产品类别受宏观经济压力影响较大，食品和日用品类别表现相对较好[157,159] - 家具类别同店销售和净销售额下降但有所改善，主要由于Broyhill品牌产品供应恢复正常[158] 费用管理 - 包括加速关闭店铺的使用权资产摊销930万美元[135] - 专业费用包括评估财务和战略选择530万美元[135] - 销售和管理费用同比增加5.8百万美元，主要由于店铺资产减值费用增加84.5百万美元、关闭店铺费用增加9.3百万美元以及专业费用增加5.3百万美元[161] - 折旧费用同比减少13.1百万美元至64.8百万美元，主要由于FDC相关折旧的消失、过去12个月计提的资产减值以及资本支出的减少[163,164] - 利息费用增加5.1百万美元至1.63亿美元，主要由于平均借款增加和加权平均利率上升[153] - 利息费用同比增加8百万美元至28.3百万美元，主要由于平均借款总额增加和加权平均利率上升[166] 重组与破产 - 公司正在进行重组并进入破产程序，未来经营和财务状况存在重大不确定性[168-175] - 公司获得了约5.5亿美元的DIP ABL贷款和1.575亿美元的DIP Term贷款[189,190] - DIP贷款的到期日为中期重组计划生效或交易完成之日[193,194] 现金流 - 2024年同期经营活动使用现金1.646亿美元,较2023年同期增加1.398亿美元[199,200] - 2024年同期投资活动使用现金2.511亿美元,较2023年同期增加4,729万美元[199,201] - 2024年同期筹资活动提供现金1.968亿美元,较2023年同期增加2,447.5万美元[199,202] 其他 - 所有商品类别的同店销售和净销售额均有所下降，家具类别同店销售略有增长[145,146] - 食品和日用品类别的销售下降幅度大于家居产品类别[147] - 毛利率上升190个基点至34.9%，主要由于降低了折扣力度[148] - 2023年第二季度开始对递延税资产全额计提了减值准备[167] - 公司2021年授权了最高2.5亿美元的股票回购计划,截至2024年8月3日尚有1.594亿美元可用[196] - 公司于2023年第二季度暂停了季度现金股利的派发[197] - 公司需要根据历史经验、当前趋势和各种其他被认为是合理的因素来持续评估其估计、判断和假设[203] - 公司使用的估计、判断和假设如有不同可能会对其财务状况、经营成果和流动性产生重大影响[204] - 公司面临利率变动的市场风险，如利率上升1%可能会导致利息费用增加约570万美元[205]

And CEO Tom Shea from the newly public OneStream joins us to talk about what the company can do for customers. In this podcast, Motley Fool analyst Jason Moser and host Dylan Lewis discuss: Apple's "Glowtime" product event, what to expect for the iPhone line and the company's AI ambitions. (Note: We recorded this before the event. How good were our predictions?) The latest antitrust case against Google and why Meta and Apple should probably be paying attention. Big Lots' bankruptcy filing and why the discou ...

As Big Lots embarks on a Chapter 11 restructuring and prepares for acquisition by Nexus Capital Management, retail analysts are evaluating the company's future amid a challenging market. They note this bankruptcy filing not only signals deep-rooted issues in Big Lots' business model, but also underscores the economic pressures confronting it. In an interview with PYMNTS, Sudip Mazumder, SVP, retail industry lead, North America at digital consultancy Publicis Sapient, said Big Lots, the "once stalwart" compa ...

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales. The Columbus, Ohio-based company plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management. Big Lots, which sells furniture, home decor and other items, said in a statement on Monday that high inflation and interest rates have hurt its business as consumers have pulled back on their home and seasonal product purchases, t ...

文章核心观点 - 大型家居商品零售商Big Lots申请破产,计划通过法院监督的程序出售其连锁店铺 [1][2] - Big Lots将以约7.6亿美元的价格出售给私募公司Nexus Capital Management [1] - Big Lots表示此举将使其能够在新的所有者的支持下优化经营,提升业绩表现 [3] - Nexus表示相信Big Lots的未来最辉煌的日子还在前方 [3] 公司概况 - Big Lots在全美48个州拥有1,300多家门店,是美国最大的清仓零售商之一 [2] - 2023财年公司营收约47亿美元,但销售额持续下降,原因是疫情期间家居用品需求下降 [2] 经营挑战 - 高利率和房地产市场疲软导致消费者对新家具、装饰品等需求放缓 [4] - 作为面向中低收入消费者的折扣零售商,公司的核心客户群大幅减少了可支配支出 [4] - 公司在高度竞争的家居用品零售市场中难以与沃尔玛、Wayfair等竞争对手区分自己 [4][5] - 产品组合杂乱无章,缺乏吸引消费者的"宝藏",购物体验不佳 [5]

KEY TAKEAWAYS Big Lots filed for Chapter 11 bankruptcy protections and agreed to sell itself to an affiliate of privateequity firm Nexus Capital Management. The filing by the home goods and furniture retailer follows extended sales declines and several quarters of losses at the discount retailer. The Ohio-based firm said Nexus will serve as the "stalking horse bidder" in a court-supervised auction process, and that the deal will close in the fourth quarter if it doesn't get better offers. Big Lots (BIG) fil ...

Discount retailer Big Lots has declared bankruptcy and sold itself to an investment firm. The company announced Monday (Sept. 9) that it had entered voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware, to facilitate its sale to an affiliate of Nexus Capital Management. The retailer also indicated it will close some locations. "The actions we are taking today will enable us to move forward with new owners who believe in our business and provide financial stability, whil ...

About three months after Big Lots noted "substantial doubt about the Company's ability to continue" in a U.S. Securities & Exchange Commission (SEC) filing, the company said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital. This comes as the company has initiated bankruptcy proceedings under Chapter 11. Big Lots listed its assets and liabilities in the range of $1 billion to $10 billion, according to a filing with bankruptcy court i ...

Discount home goods retailer Big Lots is preparing to file for bankruptcy as early as this Sunday and plans to sell its chain of stores through a court-supervised process, Bloomberg News reported Friday, citing people familiar with the situation. The company will remain in operation under Chapter 11 protection, the report said, and is currently in the process of securing a stalking horse bid, which means that the bid could be outdone if better offers emerge. Earlier in the day, the retailer announced the po ...

Company to Report Results on September 12 COLUMBUS, Ohio, Sept. 6, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced it has postponed the release of its financial results for the second quarter of fiscal 2024 ended August 3, which had previously been scheduled for September 6. The Company expects to report its second quarter of fiscal 2024 results on September 12, 2024. About Big Lots Big Lots is one of the nation's largest closeout retailers, focused on extreme value. The Company is dedicated ...