Big Lots, Inc. is an American retail company headquartered in Columbus, Ohio. The company was founded in 1967 by Sol Shenk and is currently led by CEO Bruce Thorn.
Big Lots has over 1,400 stores in 47 states. In addition to its retail locations, Big Lots also operates Big Lots Wholesale, a division that sells merchandise to businesses.
Big Lots is a discount retailer that offers a wide variety of merchandise, including food, furniture, mattresses, home decor, and seasonal items. The company operates both online and in physical stores. Big Lots also offers a furniture rental program and a store credit card.
Big Lots reported revenues of $5.4 billion for the fiscal year ended January 31, 2020. The company’s net income for the same period was $245 million. As of February 3, 2020, Big Lots had a market capitalization of $2.3 billion.
Big Lots has been profitable for the last four years. The company’s net income grew from $229 million in 2016 to $245 million in 2020. Big Lots’ revenue also increased during this period, from $5.1 billion in 2016 to $5.4 billion in 2020.
What is Big Lots net worth?
As of February 3, 2020, Big Lots had a market capitalization of $2. This means that the company is worth more than two times its annual revenue.
