Ollie's Bargain Outlet (OLLI) Tops Q2 EPS by 4c, Revenues Beat; Offers FY18 EPS/Revenues Guidance Above Consensus
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Ollie’s Bargain Outlet Holdings, Inc. Reports Second Quarter Fiscal 2018 Financial Results
September 5, 2018 4:10 PM EDTHARRISBURG, Pa., Sept. 05, 2018 (GLOBE NEWSWIRE) -- Ollies Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) today reported financial results for the second quarter ended August 4, 2018 and raised sales and earnings guidance for the full-year fiscal 2018.
Second Quarter Summary:
Total net sales increased 13.1% to $288.1 million.Comparable store sales increased 4.4%.The Company opened six stores and entered one new state during the quarter, ending the period with a total of 282 stores in 22 states, an increase in store count of 12.8% year over year.Operating income increased 16.9% to... More