Ollie's Bargain Outlet Q2 net sales +13.7%, comp store sales +7.9%, EPS $0.68 vs $0.22, raises FY outlook

Ollie's Bargain Outlet Holdings, Inc.

2023-Q2 EPS reported $1.18 revenue$973,663,000

Net sales $514.5M (+13.7% YoY); comp store sales +7.9% vs +1.2% prior year.
GAAP EPS $0.68 (+209% YoY); adjusted EPS $0.67 (+205%); operating margin 10.2% vs 3.7%.
Gross margin expanded 650 bps to 38.2% on favorable supply chain costs and higher merchandise margins.
Raised FY2023 net sales guidance to $2.076-2.091B; comp sales +4-4.5%; adjusted EPS $2.65-2.74.
Ended quarter with $310M cash, no borrowings, and repurchased $16.7M in stock.

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 0.95

Ollie's Bargain Outlet Holdings, Inc. reported the second quarter ended July 29, 2023 results: revenue $514.5 million, net income $42.2 million, or $0.68 per diluted share, EPS $0.68 per diluted share. Guidance raised.

Period: the second quarter ended July 29, 2023
Revenue: $514.5 million
Net income: $42.2 million, or $0.68 per diluted share
EPS: $0.68 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the second quarter ended July 29, 2023. Second Quarter Summary: • Total net sales increased 13.7% to $514.5 million. • Comparable store sales increased 7.9% from the prior year increase of 1.2%. • The Company opened six new stores, ending the quarter with 482 stores in 29 states, a

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Source: SEC EDGAR

accession 0001140361-23-041908

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