earnings
confidence high
sentiment negative
materiality 0.80
Ollie's Q3 net sales down 7.5% to $383.5M, comp store sales -15.5%; announces $200M buyback
Ollie's Bargain Outlet Holdings, Inc.
2021-Q3 EPS reported
$1.72
revenue$1,251,860,000
- Net sales $383.5M vs $414.4M YoY, down 7.5%; comparable store sales fell 15.5%.
- Diluted EPS $0.36 (GAAP), down from $0.68; adjusted EPS $0.34 vs $0.65.
- Operating income $30.2M, down 47.7%; adjusted operating margin 7.8% vs 13.9%.
- Supply chain headwinds, including import delays and higher costs, pressured results.
- Board authorized additional $200M share repurchase; Q3 saw $164.7M in buybacks.