Big Lots, Inc. (NYSE: BIG) stock moving down -0.78% traded at $21.5

On Friday Big Lots, Inc. (NYSE: BIG) has shown a downward move of -0.78% and traded the recent trade at $21.5. The trading volume is recorded to 687.93K shares as compared to average traded volume of 1.26M shares.
Big Lots, Inc. (BIG) stock’s market capitalization arrived at $845.60M and total 39.33M outstanding shares. The stock has a 52-week highest price of $45.13 and its 52-week lowest price was called at $19.83. During last trade, its maximum trading price was registered $22.23 and it’s the minimum trading price was noted $21.48.

Big Lots, Inc.’s (BIG) stock price showed weak performance of -7.96% in last seven days, switched down -2.01% in last thirty days and it fell -48.22% in last one year. It has 39.33M of outstanding shares and its shares float measured at 38.55.

Big Lots, Inc. (NYSE: BIG) recently stated income of $6.2M, or $0.16 per diluted share, for the second quarter of fiscal 2019 ended August 3, 2019. This result includes after tax charges totaling $14.5M, or $0.37 per diluted share, associated with the implementation of our planned business transformation. Not Including these charges, adjusted income totaled $20.6M, or $0.53 per diluted share (see non-GAAP table included later in this release), which compares to our guidance of adjusted income of $0.35 to $0.45 per diluted share (non-GAAP). Income for the second quarter of fiscal 2018 was $24.2M, or $0.59 per diluted share.

Comparable store sales increased 1.2% for the second quarter of fiscal 2019, contrast to our guidance of a raise in the low single digits. Net sales for the second quarter of fiscal 2019 totaled $1,252M, a 2.5% increase contrast to $1,222M for the same period last year, with the increase resulting from positive comparable store sales and sales growth in high volume new stores, or non-comp stores, partially offset by a lower store count year-over-year.

Inventory ended the second quarter of fiscal 2019 at $874M contrast to $854M for the same period last year with the 2%.

We ended the second quarter of fiscal 2019 with $54M of Cash and Cash Equivalents and $468M of borrowings under our credit facility contrast to $58M of Cash and Cash Equivalents and $325M of borrowings under our credit facility as of the end of the second quarter of fiscal 2018.

As reported in a separate press release earlier recently, on August 28, 2019, our Board of Directors reported a quarterly cash dividend of $0.30 per ordinary share. This dividend payment of about $12M is payable on September 27, 2019, to shareholders of record as of the close of business on September 13, 2019. Year-to-date, about $75M has been returned to shareholders in the form of share repurchases and dividend payments.

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