Ollie's Bargain Outlet (OLLI) Tops Q1 EPS by 18c, Revenues Beat
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Ollie’s Bargain Outlet Holdings, Inc. Reports First Quarter Fiscal 2020 Financial Results
May 28, 2020 4:05 PM EDTHARRISBURG, Pa., May 28, 2020 (GLOBE NEWSWIRE) -- Ollies Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) today reported financial results for the first quarter ended May 2, 2020.Â
First Quarter Summary:
Total net sales increased 7.5% to $349.4 million. Comparable store sales decreased 3.3% compared with a 0.8% increase in the prior year. The Company opened 17 stores and closed two stores, ending the quarter with 360 stores in 25 states, an increase in store count of 11.1% year over year.Operating income increased 5.4% to $43.0 million. Adjusted operating income(1) increased 6.9%.Net income decreased... More