Jefferies Reiterates Buy on Ollie's Bargain Outlet Holdings, Inc (OLLI) Following 2Q EPS Beat
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Ollie's Bargain Outlet Holdings, Inc. Announces Fiscal 2015 Second Quarter Financial Results
September 9, 2015 4:01 PM EDTHARRISBURG, Pa., Sept. 9, 2015 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) ("Ollie's" or the "Company") today announced financial results for the second quarter ended August 1, 2015.
Second Quarter Summary:
Total net sales increased 19.0% to $181.9 million; Â Comparable store sales increased 7.8%; Â The Company opened seven new stores and closed one store, ending the quarter with 187 stores in 16 states. This represents an increase of 12% in total number of stores from the second quarter of fiscal 2014; Â Adjusted EBITDA increased 22.0% to $22.5 million (adjusted EBITDA is not a measure recognized under generally accepted accounting... More