Ollie's Q1 net sales +12.9% to $459.2M, comps +4.5%, EPS $0.50; raises FY guidance

Ollie's Bargain Outlet Holdings, Inc.

2023-Q1 EPS reported $0.50 revenue$459,154,000

Comparable store sales +4.5% (prior year -17.3%); net sales $459.2M up from $406.7M.
GAAP diluted EPS $0.50 vs $0.20 YoY; adjusted diluted EPS $0.49 vs $0.20.
Gross margin expanded 410 bps to 38.9% on lower supply chain costs.
FY 2023 outlook raised: net sales $2.052-$2.067B, comps +2.0%-2.8%, adj. EPS $2.56-$2.65.
Repurchased 215,522 shares for $12.3M; opened 9 new stores, ended with 476.

item 2.02 item 9.01

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 the quarter ended April 29, 2023 results: revenue $459.2 million, net income $31.0 million, EPS $0.50 per diluted share.

Period: the quarter ended April 29, 2023
Revenue: $459.2 million
Net income: $31.0 million
EPS: $0.50 per diluted share
Result: reported results

Exact text from the filing

Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the quarter ended April 29, 2023. First Quarter Summary: • Total net sales increased 12.9% to $459.2 million. • Comparable store sales increased 4.5% from the prior year decrease of 17.3%. • The Company opened 9 new stores and closed one store, ending the quarter with 476 stores in 29

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ollie's Bargain Outlet Holdings, Inc. updated its the 53-week fiscal year ending February 3, 2024 guidance (raised).

Period: the 53-week fiscal year ending February 3, 2024
Guidance: raised
Result: guidance update

Exact text from the filing

The Company is raising its sales and earnings outlook for the 53-week fiscal year ending February 3, 2024.

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Source: SEC EDGAR

accession 0001140361-23-028653

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