Big Lots

Big Lots


Last Updated On: October 12, 2018

Share Price On This Date: $42.69 USD

General merchandise retailer.


Big Lots has over 1400 stores spread across the United States, selling a variety of goods from furniture to food and consumables to seasonal products. They specialise in closeout and discount merchandise. For the past 10 years, their strategy has been to keep their store footprint stable and recycle any excess profits they have into buying back their shares on the public market. As a result, even though sales and earnings have stayed relatively flat on an absolute basis, their per share numbers have shown healthy growth.

So far, they seem to have avoided the worst of the "retail apocalypse" that has been sweeping the industry. As a down market retailer, the hope is that they might exhibit some resiliency if we are headed for a recession. At the price featured above, the stock is trading at a reasonable 10 times trailing earnings.

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