Management attributed those gains to people rushing out to buy more home products during the period's shelter-at-home mandates.

Lawrence Rothman has been following consumer and retail stocks for The Motley Fool since 2019.

Big Lots (NYSE:BIG) has been on a roll this year, which is a nice change after its weak results coming into 2020. In the second quarter, which ended Aug. 1, adjusted earnings per share skyrocketed to $2.75 from $0.53 a year prior. One stock to keep an eye on is Big Lots (BIG). “This redesign brings to life our new brand traits and showcases our assortment of affordable solutions in furniture, seasonal, home, food, and consumables. For more additional information, visit www.biglots.com. The fact that its stores were able to remain open through the pandemic no doubt helped. Previously, he worked on Wall Street and independent research firms before devoting his attention to finding successful long-term investments for individual investors.

07/30/2020: Big Lots Announces Nationwide Same-Day Delivery Through Biglots.com : PDF.
In fiscal 2019, same-store sales rose by a tepid 0.3%. BIG is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. Big Lots' share price has more than tripled over the last six months, and as management continues to execute on its growth initiatives, there is potential for more upside. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The stock also comes with a $0.30 quarterly dividend, which at current prices gives the stock a 2.7% yield. Headquartered in Columbus, Ohio, Big Lots, Inc.is a discount retailer operating about 1,400 stores in 47 states, including in New Jersey in such communities as East Brunswick, South Plainfield and Woodbridge, according to its website. It's time to take a deeper dive into the business and determine how likely it is that the retail chain will be able to continue boosting its top and bottom lines.

To celebrate the grand opening, from Oct. 10 to … Importantly, the strong sales gains flowed to earnings too. Data.MyCentralJersey.com: Search millions of NJ, US public records. Latest news from Big Lots. That combination makes Big Lots stock a compelling investment opportunity. Election 2020: Union County adds two more ballot drop box locations, please subscribe or activate your digital account today, Your California Privacy Rights/Privacy Policy. However, the impact of the coronavirus wasn't entirely responsible for this year's gains. As a closeout retailer, the appeal to shoppers is quality goods at an attractive price. Returns as of 10/28/2020. Market data powered by FactSet and Web Financial Group. In fiscal 2019, same-store sales rose by a tepid 0.3%. Help MyCentralJersey continue to provide in-depth reporting like this. Big Lots is also having success with other initiatives to support this goal, such as improving store presentation and growing e-commerce sales. In its first two fiscal quarters, comps increased 10.3% and 31.3%, respectively. Discover the next big thing at Big Lots with our News Center resources! However, the company should also get credit for strong execution and having the right merchandise assortment. @themotleyfool #stocks $BIG, 3 Best Retail Apocalypse-Proof Stocks to Buy in October, If You Like Dollar General, You'll Love This Smaller Rival, Why Big Lots Stock Was Down Big on Friday, Copyright, Trademark and Patent Information. The new 24,065 square foot store is scheduled to open Oct. 10 at 2700 Route 22. Date Title View; 04/24/2018: Big Lots "Give Big For Kids" Point of Sale Donation Campaign Raises $2.6 Million In Support of Nationwide Children's Hospital Offering merchandise that people want is great for business, but it's only part of the Big Lots story. See you at the top! By contrast, the retailer has reported strong sales and earnings growth in 2020.
Many retailers started reopening stores during the second quarter, but people were still drawn to Big Lots. Certainly, strengthening its offerings in the home furnishings category as part of its first objective -- driving profitable long-term growth -- has helped boost sales. To celebrate the grand opening, from Oct. 10 to Oct. 17 customers will receive a coupon for $10 off $40 upon check out to use towards a future Big Lots purchase, according to a release. Press releases of special interest to Investors can be found in Investor News. Big Lots "Give Big For Kids" Point of Sale Donation Campaign Raises $2.6 Million In Support of Nationwide Children's Hospital, Big Lots Announces Spring Campaign to Fundraise on Behalf of Nationwide Children's Hospital and Its Behavioral Health Program, Big Lots Announces Grand Opening of Grandview, OH Store, Big Lots Raises More Than $3 Million for Nationwide Children's Hospital for the Fall 2017 Campaign, Big Lots Announces Grand Opening of Mesa, AZ Store, Big Lots Partners with Nationwide Children's Hospital on Fall Fundraising Campaign to Support Kids Everywhere, Big Lots and Its Customers Raise More Than $2.3 Million Benefiting Nationwide Children’s Hospital, Big Lots Partners with Nationwide Children's Hospital on Fundraising Campaign to Support Lifesaving Research, Big Lots Offers Variety of Last Minute Gifts, Big Lots 'Give Big for Kids' Campaign Raises $3.6 Million to Support Nationwide Children's Hospital.