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COLUMBUS, OH – Big Lots Inc (NYSE:BIG)., a retail variety store chain, disclosed its monthly operating report for February as part of its ongoing bankruptcy proceedings. The document, submitted to the U.S. Bankruptcy Court for the District of Delaware, details the company’s financial activities up to February 1, 2025.
The report, which is not audited or prepared in accordance with U.S. generally accepted accounting principles, is a requirement of the bankruptcy process to keep the court informed. It is meant for compliance rather than providing a basis for investment decisions, and Big Lots has cautioned against using this data to gauge the company’s financial health or as an indicator of future performance.
Investors are warned that trading in Big Lots’ securities, including its common shares, is highly speculative during the Chapter 11 bankruptcy. The company has indicated that common shareholders might face a complete loss of their investment as a result of the bankruptcy process.
Big Lots had previously filed for Chapter 11 bankruptcy on September 9, 2024. Since then, the company has not filed a Quarterly Report for the period ended November 2, 2024, and does not plan to file subsequent Quarterly or Annual Reports. Instead, Big Lots will continue to submit Current Reports on Form 8-K to disclose material events related to the bankruptcy and to attach monthly operating reports.
The company’s cautionary note also includes a statement about forward-looking information, which is subject to risks and uncertainties that could affect actual results. Big Lots has not updated any forward-looking statements and advises against placing undue reliance on them.
The monthly operating report and other filings related to Big Lots’ Chapter 11 Cases are accessible through the website administered by the company’s claims agent, Kroll Restructuring Administration LLC.
This news is based on Big Lots’ latest SEC filing and does not include any analysis or commentary on the reported facts.
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