earnings
confidence high
sentiment positive
materiality 0.75
Ollie's Bargain Outlet Q3 net sales up 7.8%, EPS $0.58, comp sales -0.5%; acquires Big Lots stores
Ollie's Bargain Outlet Holdings, Inc.
2024-Q3 EPS reported
$2.13
revenue$1,604,621,000
- Q3 net sales $517.4M (+7.8% YoY); comp store sales -0.5% vs +7.0% prior year.
- Net income $35.9M ($0.58 diluted EPS, +13.7%); adjusted EBITDA $59.8M (+17.0%).
- Opened record 24 stores; ended with 546 stores in 31 states.
- Acquired 15 former Big Lots stores in Q3, plus 2 after quarter; won bid for 7 more.
- FY2024 guidance: net sales $2.27-2.28B (narrowed); comp store sales 2.7-3.0%; EPS $3.22-3.30.