earnings
confidence high
sentiment negative
materiality 0.75
Ollie's Q2: net income $14.1M ($0.22/sh) vs $34.3M; gross margin down 750 bps
Ollie's Bargain Outlet Holdings, Inc.
2022-Q2 EPS reported
$0.42
revenue$859,148,000
- Net sales $452.5M (+8.8% YoY); comparable store sales +1.2%.
- Gross margin 31.7% (down from 39.2%) on higher supply chain costs and lower merch margin.
- Operating income $16.5M, down 63.8%; operating margin 3.7% vs 11.0%.
- FY2022 guidance: net sales $1.843-1.861B, comp sales -2.5% to -1.5%.
- Q3 comp sales expected +3.5% to +5.5%; repurchased $10M stock in Q2.