Big Lots Inc. (BIG) 2006年年度报告「NYSE」.pdf

1、2006 Annual ReportSteven S.Fishman Chairman,CEO,and President About Our CompanyHeadquartered in Columbus,Ohio,Big Lots(NYSE:BIG)is a Fortune 500 company with over 1,350 stores nationwide.For more thanthree decades,weve delighted our customerswith a vibrant mix of exciting brands,uniqueproducts,and c

2、loseout prices.Big Lots offers new merchandise every week at substantial savings over traditional discount retailers,on average 20 to 40 percent less.Shoppers love our unexpected deals.We also carry attractive,affordable furniture,home furnishings,seasonal merchandise,and hundreds of everyday items

3、consumers want and need.Through excellent relationships with manufacturers,high-volume purchases,and strict expense control,we pass tremendous savings on to our customers.Fiscal Year2006 2005 2004($in thousands,except per share amounts and salesper selling square foot)Earnings Data(a)Net sales$4,743

4、,048$4,429,905$4,149,252Net sales increase 7.1%6.8%5.2%Income from continuing operations$112,618$15,725$31,432Income from continuing operations increase(decrease)616.2%(50.0)%(61.2)%Income from continuing operations per share-diluted$1.01$0.14$0.27Income from continuing operations per share -diluted

5、 increase(decrease)621.4%(48.1)%(60.3)%Average diluted common shares outstanding111,930 113,677 114,801Gross margin-%of net sales39.9%39.1%40.7%Selling and administrative expenses-%of net sales 34.2%36.0%36.6%Depreciation expense-%of net sales2.1%2.5%2.4%Operating profit-%of net sales3.5%0.6%1.7%Net

6、 interest expense(income)-%of net sales(0.1)%0.1%0.6%Income from continuing operations-%of net sales 2.4%0.4%0.8%Balance Sheet Dataand Financial Ratios Cash equivalents and short-term investments$269,430$-$-Inventories 758,185 836,092 895,016Property and equipment-net505,647 584,083 648,741Total ass