0000768835-17-000089.txt : 20170919 0000768835-17-000089.hdr.sgml : 20170919 20170918180924 ACCESSION NUMBER: 0000768835-17-000089 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170918 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170919 DATE AS OF CHANGE: 20170918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIG LOTS INC CENTRAL INDEX KEY: 0000768835 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 061119097 STATE OF INCORPORATION: OH FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08897 FILM NUMBER: 171090662 BUSINESS ADDRESS: STREET 1: 300 PHILLIPI ROAD STREET 2: P.O.BOX 28512 CITY: COLUMBUS STATE: OH ZIP: 43228-0512 BUSINESS PHONE: 614-278-6800 MAIL ADDRESS: STREET 1: 300 PHILLIPI ROAD STREET 2: P.O.BOX 28512 CITY: COLUMBUS STATE: OH ZIP: 43228-0512 8-K 1 big-8xkxguidanceaffirmatio.htm 8-K Document


 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): September 18, 2017


BIG LOTS, INC.
(Exact name of registrant as specified in its charter)

 
 
 
Ohio
1-8897
06-1119097
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
 
 


300 Phillipi Road, Columbus, Ohio 43228
(Address of principal executive offices) (Zip Code)

(614) 278-6800
(Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 







Item 7.01    Regulation FD Disclosure.

On September 18, 2017, Big Lots, Inc. (“we,” “us,” “our” or “Company”) issued a press release affirming our guidance on earnings per diluted share for the third quarter and full fiscal 2017 and our guidance on comparable store sales for the third quarter of 2017, provided by us on August 25, 2017. The press release also provided information regarding our previously announced Investor & Analyst Conference on September 19, 2017. Attached as Exhibit 99.1 to this Form 8-K is a copy of our September 18, 2017 press release.


Item 9.01    Financial Statements and Exhibits.

 
(d)
Exhibits
 
 
 
 
 
 
 
 
 
 
 
Exhibits marked with an asterisk (*) are furnished herewith.
 
 
 
 
 
 
 
 
Exhibit No.
 
Description
 
 
 
 
 
 
 
 
 
 
Big Lots, Inc. press release dated September 18, 2017.


Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
 
BIG LOTS, INC.
 
 
 
 
Date: September 18, 2017
By:
/s/ Ronald A. Robins, Jr.
 
 
 
Ronald A. Robins, Jr.
 
 
 
Senior Vice President, General Counsel
 
 
 
and Corporate Secretary



EX-99.1 2 exhibit991-guidanceaffirma.htm EXHIBIT 99.1 Exhibit



Exhibit 99.1
PRESS RELEASE
 
 
 
 
FOR IMMEDIATE RELEASE
 
 
Contact: Andrew D. Regrut
 
 
 
 
Vice President, Investor Relations
 
 
 
 
(614) 278-6622
 
 
 
 
 
 

BIG LOTS AFFIRMS GUIDANCE FOR FISCAL 2017 IN ADVANCE OF
INVESTOR & ANALYST CONFERENCE


Columbus, Ohio - September 18, 2017 - Big Lots, Inc. (NYSE: BIG) announced today in advance of the Company’s Investor & Analyst Conference being held in Columbus, Ohio on September 19, 2017, it has affirmed guidance for third quarter and full year fiscal 2017 as previously issued on August 25, 2017.


GUIDANCE AFFIRMATION

Affirms Q3 guidance for income of $0.01 to $0.05 per diluted share
Affirms Q3 guidance for comparable store sales increase in the low single digits
Affirms full year guidance for income in the range of $4.15 to $4.25 per diluted share

Commenting on today’s announcement, David Campisi, CEO and President stated, “In advance of our Investor & Analyst Conference tomorrow, I am pleased to share we have affirmed our Q3 sales and earnings guidance and our financial view of the full fiscal year remains unchanged. Our ownable and winnable merchandise strategies continue to resonate with Jennifer, and we have exciting plans to share about our future initiatives to improve her overall shopping experience.”

Mr. Campisi continued, “The two significant weather events of the last few weeks tested our teams as we focused on the safety of Jennifer and our associates, and I am proud of how we responded as one team with one goal. I am relieved to report our associates are safe, and our stores incurred relatively minimal damage with only two stores remaining closed due to repairs.”

2017 Investor & Analyst Conference Webcast
As previously announced, we will host an Investor & Analyst Conference on September 19, 2017 at 8:30 a.m. We invite you to view the video webcast of the conference through the Investor Relations section of our website http://www.biglots.com.

If you are unable to join the live webcast, an archive of the conference will be available through the Investor Relations section of our website after 4:00 p.m. on Tuesday, September 19, 2017 and remain available through midnight, Tuesday, September 26, 2017. All times are Eastern Time.


logoguidq317.jpg
Shareholder Relations Department
 
300 Phillipi Road
 
Columbus, OH 43228-5311
 
Phone: (614) 278-6622 Fax: (614) 278-6666
 
Email: aschmidt@biglots.com
 



Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is a unique, non-traditional, discount retailer operating 1,428 BIG LOTS stores in 47 states with product assortments in the merchandise categories of Furniture, Seasonal, Soft Home, Food, Consumables, Hard Home, and Electronics, Toys & Accessories. Our vision is to be recognized for providing an outstanding shopping experience for our customers, valuing and developing our associates, and creating growth for our shareholders. Big Lots supports the communities it serves through the Big Lots Foundation, a charitable organization focused on four areas of need: hunger, housing, healthcare, and education. For more information about the Company, visit www.biglots.com.


Cautionary Statement Concerning Forward-Looking Statements    

Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the Act. The words “anticipate,” “estimate,” “expect,” “objective,” “goal,” “project,” “intend,” “plan,” “believe,” “will,” “should,” “may,” “target,” “forecast,” “guidance,” “outlook” and similar expressions generally identify forward-looking statements. Similarly, descriptions of our objectives, strategies, plans, goals or targets are also forward-looking statements. Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and business strategy. Forward-looking statements are based upon a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Forward-looking statements are and will be based upon management’s then-current views and assumptions regarding future events and operating performance, and are applicable only as of the dates of such statements. Although we believe the expectations expressed in forward-looking statements are based on reasonable assumptions within the bounds of our knowledge, forward-looking statements, by their nature, involve risks, uncertainties and other factors, any one or a combination of which could materially affect our business, financial condition, results of operations or liquidity.

Forward-looking statements that we make herein and in other reports and releases are not guarantees of future performance and actual results may differ materially from those discussed in such forward-looking statements as a result of various factors, including, but not limited to, current economic and credit conditions, the cost of goods, our inability to successfully execute strategic initiatives, competitive pressures, economic pressures on our customers and us, the availability of brand name closeout merchandise, trade restrictions, freight costs, the risks discussed in the Risk Factors section of our most recent Annual Report on Form 10-K, and other factors discussed from time to time in our other filings with the SEC, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This release should be read in conjunction with such filings, and you should consider all of these risks, uncertainties and other factors carefully in evaluating forward-looking statements.

You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and SEC filings.


logoguidq317.jpg
Shareholder Relations Department
 
300 Phillipi Road
 
Columbus, OH 43228-5311
 
Phone: (614) 278-6622 Fax: (614) 278-6666
 
Email: aschmidt@biglots.com
 
GRAPHIC 3 logoguidq317.jpg begin 644 logoguidq317.jpg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end