8-K
filed March 22, 2023, 7:59 PM ET
ticker OLLI
CIK 0001639300
earnings
confidence high
sentiment positive
materiality 0.75
Ollie's Q4 net sales up 9.7%, comp +3.0%; EPS $0.85; initiates FY23 guidance
Ollie's Bargain Outlet Holdings, Inc.
2022-FY EPS reported
$1.64
revenue$1,827,009,000
- Q4 net sales $549.8M (+9.7% YoY); comparable store sales +3.0% vs -10.5% prior year.
- Q4 diluted EPS $0.85 (+19.7% YoY); adjusted EPS $0.84 (+21.7% YoY).
- Gross margin expanded 110 bps to 37.6% on lower supply chain costs.
- FY23 guidance: net sales $2.036-2.058B, comp +1-2%, adj. EPS $2.49-2.58, 45 new stores.
- FY22 ended with $270.8M cash, $41.8M in share repurchases, no debt drawn on revolver.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Ollie's Bargain Outlet Holdings, Inc. reported fourth quarter of fiscal 2022 results: revenue $549.8 million, net income $53.1 million, EPS $0.85 per diluted share.
- Period
- fourth quarter of fiscal 2022
- Revenue
- $549.8 million
- Net income
- $53.1 million
- EPS
- $0.85 per diluted share
- Result
- reported results
Exact text from the filing
Fourth Quarter Summary: • Total net sales increased 9.7% to $549.8 million. • Comparable store sales increased 3.0% from the prior year decrease of 10.5%. • The Company opened 5 new stores, ending the quarter with 468 stores in 29 states, a year-over-year increase in store count of 8.6%. • Operating income increased 17.8% to $67.7 million. Adjusted operating income (1) increased 16.5% to $66.8 million and adjusted operating margin (1) increased 70 basis points to 12.1%. • Net income totaled $53.1 million, or $0.85 per diluted share, as compared with net income of $44.7 million, or $0.71 per diluted share, in the prior year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Ollie's Bargain Outlet Holdings, Inc. reported fiscal year ended January 28, 2023 results: revenue $1.827 billion, net income $102.8 million, EPS $1.64 per diluted share.
- Period
- fiscal year ended January 28, 2023
- Revenue
- $1.827 billion
- Net income
- $102.8 million
- EPS
- $1.64 per diluted share
- Result
- reported results
Exact text from the filing
Fiscal Year Summary: • Total net sales increased 4.2% to $1.827 billion. • Comparable store sales decreased 3.0% from the prior year decrease of 11.1%. • The Company opened 40 new stores and closed 3 stores in fiscal 2022. • Operating income decreased 36.0% to $130.9 million. Adjusted operating income (1) decreased 36.3% to $130.0 million and adjusted operating margin (1) decreased 450 basis points to 7.1%. • Net income totaled $102.8 million, or $1.64 per diluted share, as compared with net income of $157.5 million, or $2.43 per diluted share, in the prior year.
View on SEC.gov
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