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Article: Big Lots on upswing.(Spotlight)
- Article from:
- Mass Market Retailers
- Article date:
- March 22, 2004
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Copyright informationCOPYRIGHT 2004 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLUMBUS, Ohio -- Overcoming pressures on gross margins, income from continuing operations grew at a double-digit pace for Big Lots Inc. in both the final quarter and the full span of fiscal 2003, helped by solid sales, lower interest costs and favorable onetime items. A loss from discontinued operations held the nation's largest closeout retailer to a 6% gain in net earnings for the year.
Income from continuing operations for the 13 weeks ended January 31 soared 41.7% to $93.8 million. Results include net gains of $621,000 from the company's recent settlement of wage and hour litigation in California and $10.6 million (net of tax benefit) for the charge-off of a ...
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Article: Strong sales narrow Big Lots' loss in third quarter. (Money).
MMR;
December 9, 2002 ;
592 words
...COLUMBUS, Ohio -- Big Lots Inc. took advantage...cautious view of the fourth quarter. The nation's...the year to date Big Lots recorded net income...the 39-week span Big Lots reversed a $44...Management's fourth quarter sales forecast...company now expects ...
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