Ollie’s Bargain Outlet Holdings, Inc. Reports Second Quarter Fiscal 2019 Financial Results
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Ollie's Bargain Outlet (OLLI) Misses Q2 EPS by 11c, Revenues Miss; Revises FY19 EPS/Revenue Guidance Below Consenus
August 28, 2019 4:08 PM EDTOllie's Bargain Outlet (NASDAQ: OLLI) reported Q2 EPS of $0.35, $0.11 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $333.9 million versus the consensus estimate of $339.56 million.
Second Quarter Summary:
Total net sales increased 15.9% to $333.9 million. Comparable store sales decreased 1.7% from a 4.4% increase in the prior year.The Company opened eight stores during the quarter, ending the period with a total of 332 stores in 23 states, an increase in store count of 17.7% year over year.Net income decreased 15.7% to $25.2 million and net income per diluted share decreased 15.6% to... More