Ollie's Q3 earnings beat; comps up 7.0%; raises FY sales and earnings guidance

Ollie's Bargain Outlet Holdings, Inc.

2023-Q3 EPS reported $1.69 revenue$1,453,713,000

Net sales $480.1M (+14.8% YoY); comp store sales +7.0% (vs +1.9% prior year).
Diluted EPS $0.51 (+37.8% YoY); adjusted EPS $0.51; adjusted EBITDA $51.1M (+29.5%).
Raised FY23 guidance: net sales $2.097-2.104B, comp sales +5.3-5.6%, adj. EPS $2.77-2.83.
Opened 23 new stores in Q3; total store count 505 in 30 states (+9.1% YoY).
Share repurchase authorization extended to March 31, 2026; $98.4M remaining capacity.

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 1.0

Ollie's Bargain Outlet Holdings, Inc. reported the third quarter ended October 28, 2023 results: revenue $480.1 million, net income $31.8 million, or $0.51 per diluted share, EPS $0.51 per diluted share. Guidance raised.

Period: the third quarter ended October 28, 2023
Revenue: $480.1 million
Net income: $31.8 million, or $0.51 per diluted share
EPS: $0.51 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the third quarter ended October 28, 2023. Third Quarter Summary: • Total net sales increased 14.8% to $480.1 million. • Comparable store sales increased 7.0% from the prior year increase of 1.9%. • The Company opened 23 new stores, ending the quarter with 505 stores in 30 states, a

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Source: SEC EDGAR

accession 0001140361-23-056448

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