Big Lots, Inc., a community retailer with more than 1,400 Big Lots stores across 47 states, is headquartered in Columbus, Ohio.


Second Quarter Highlights

  • Gross margin dollars decreased by 24.1% in Q2 2022 as compared to the same quarter last year
  • Selling and administrative expenses increased to $510.4 million for Q2 of 2022, compared to $488.7 million for the Q2 of 2021
  • The effective income tax rate decreased to 25.4% as compared to 26.7% last year during the same quarter
  • Operating margin dropped by 850 basis points to (1.0%)%

Source: SEC Filings | Investors | Big Lots


Second Quarter YoY Financial Comparison

  • Total sales of the company were $1.3 billion in 2022 as compared to $ 1.4 billion during the same period last year
  • The operating expense ratio increased to 108.1% in 2022 from 96.3% as was recorded during the same period last year
  • The operating profit ratio came down to -8.1% in 2022 from 3.7% last year during the same period
  • The net income ratio reduced to -6.3% as compared to 2.6% in the second quarter of 2021

Source:SEC Filings | Investors | Big Lots