$Pistol Pete$, $Mick$ & Friends Stock Picks /news, DD and charts

[mick]

We’re not out of the big-box retail woods just yet — Big Lots Inc. (NYSE: BIG) reported record-breaking earnings this morning. A discount retailer excelling in a pandemic? It’s more likely than you think… Where else would I go for nearly discontinued energy drinks and almost-stale snacks?

Revenue came in at $1.64 billion, edging past expectations for $1.61. But this isn’t the low-low limbo we’ve seen so far this earnings season. That revenue figure even stacks up against its pre-pandemic results, soaring 31% year over year on the quarter!

Big Lots’ adjusted earnings were even more impressive, coming in at $2.75 to make a company record and beat analysts’ projections for $2.70. Yes, online sales were strong, but not as hefty hefty hefty as we’ve seen with other retailers, such as Walmart.

But with a lower store count keeping operating expenses under control and comparable same-store sales growing at 31% … Big Lots may be able to keep this growth going whereas Walmart’s continued success remains to be seen.

Quick, it’s not too late for a TikTok bid! The Big Lot TikTok buyout is the golden goose, I promise.