Big Lots, Inc. (NYSE: BIG) Q1 2025 Earnings Call | 5/29/2025

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Big Lots, Inc. (NYSE: BIG) reported disappointing Q1 2025 results on May 29, 2025, as the discount retailer continues to struggle with declining sales and persistent losses. Revenue fell 10% year-over-year to $1.01 billion, missing analyst expectations by 3%. Comparable sales dropped 9.9%, reflecting ongoing weakness in consumer demand and competitive pressures. The company posted a net loss of $205 million, or $6.99 per share, a slight improvement from a loss of $7.10 per share in Q1 2024, but still well below profitability targets. Adjusted net loss widened to $132.3 million ($4.51 per share) from $98.7 million ($3.40 per share) a year ago. Gross margin and operating performance remained under pressure, though management noted sequential improvement in inventory management, with total inventory reduced to $949.9 million from $1.09 billion a year earlier. Big Lots ended the quarter with $44 million in cash and $573.8 million in long-term debt, highlighting ongoing liquidity challenges. Looking ahead, management expects Q2 comparable sales to improve sequentially and projects a gross margin rate increase of at least 300 basis points versus last year, but stopped short of issuing a full-year outlook given the volatile retail environment. The company continues to focus on cost controls and inventory optimization as it navigates macroeconomic headwinds and a highly competitive discount retail sector. Key Q1 2025 Metrics: Revenue: $1.01 billion (–10% YoY) Net loss: $205 million (–$6.99 per share) Comparable sales: –9.9% Inventory: $949.9 million (down from $1.09 billion YoY) Cash: $44 million; Long-term debt: $573.8 million #BigLots #BIG #EarningsCall #Q12025 #DiscountRetail #StockMarket #Investing #InsideTicker