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

Table of Content

Second Quarter Financial Highlights Second Quarter YoY Financial Comparison
 

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