earnings
confidence high
sentiment negative
materiality 0.75
Ollie's Q4 adjusted EPS $0.69 beats expectations; revenue down 2.8%; FY2022 guidance issued
Ollie's Bargain Outlet Holdings, Inc.
2021-FY EPS reported
$2.43
revenue$1,752,995,000
- Q4 net sales $501.1M (-2.8% YoY); comparable store sales -10.5%; adjusted EPS $0.69 vs $0.97 prior year.
- FY2021 net sales $1.753B (-3.1%); adjusted EPS $2.36 vs $3.16; operating income $204.2M (-26.4%).
- FY2022 guidance: net sales $1.908B-$1.926B; adjusted EPS $2.15-$2.22; comp sales flat to +1.0%.
- Inventory up 32.1% to $467.3M; $220M spent on share repurchases in FY2021.
- First-ever store remodel program announced; 46-48 new stores planned for FY2022.