earnings
confidence high
sentiment positive
materiality 0.75
Ollie's Bargain Outlet Q2 beat: EPS $0.79, comps +5.8%, raises FY guidance
Ollie's Bargain Outlet Holdings, Inc.
2024-Q2 EPS reported
$1.54
revenue$1,087,193,000
- Q2 net sales $578.4M (+12.4% YoY); comp store sales +5.8%; operating income $60.8M (+15.6%).
- GAAP diluted EPS $0.79 (up 16.2% YoY); adjusted EPS $0.78 (up 16.4% YoY).
- Raised FY2024 outlook: net sales $2.276-$2.291B, comp +2.7% to +3.2%, adj. EPS $3.22-$3.30.
- Opened 9 new stores in Q2; total 525 stores; plans 50 net new stores for FY.
- Repurchased 81,340 shares for $6.4M; $54.2M remaining under share repurchase program.