Big Lots Inc. (BIG) 2003年年度报告「NYSE」.pdf

1、The Journey Continues2003 BIG LOTS,INC.ANNUAL REPORTThe JOURNEY ContinuesOur business was founded on the belief that everyone loves a truly great deal.This guidingprinciple is at the heart of our mission:to be the best at saving our customers money bycreating excitement with brand-name closeouts and

2、 bargains through a unique shoppingexperience.Simply put,our vision is to be the Worlds Best Bargain Place.Our core purpose has stayed the same,but the needs of our customers have expandeddramatically.Today we offer an extensive assortment of brand-name products,includingconsumables,seasonal items,f

3、urniture,housewares,toys,and gifts at 20 to 40 percentbelow most discount retailers.Our customers might be on a tight budget,or they may justenjoy our treasure-hunt atmosphere.Either way,they love our prices!To us,being the Worlds Best Bargain Place is more than just a vision.Its a way of life.A way

4、 of treating people.A way of doing business.Its a journey that never ends.Table of CONTENTSFinancial Highlights iiShareholder Letter2Introduction7BRANDING our company8Minding the STORE10Whats the big DEAL?12An eye on SUPPLY14The COMPANY we keep16Store Locations18Financial Information19Directors and

5、Executives68Company Information70Welcome toInventory Turnover(Adjusted Results(1)3.52.82.11.4.7099000102032.32.62.72.93.0(1)Inventory turnover excludes the impact of the fiscal year 2001 Charge.A reconciliation of the GAAP to non-GAAPamounts for fiscal year 2001 is shown on the following page.($in t

6、housands,except per share amounts and sales per selling square foot)2003200220012000(a)1999Earnings DataNet sales$4,174,383$3,868,550$3,433,321$3,277,088$2,933,690Net sales increase7.9%12.7%4.8%11.7%15.0%Income from continuing operations(b)$86,057$76,557$30,169$98,324$92,666Income from continuing op