Ollie’s Bargain Outlet Holdings, Inc. Reports Record Fourth Quarter and Fiscal 2020 Financial Results
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Ollie's Bargain Outlet (OLLI) Tops Q4 EPS by 12c, Revenues Beat
March 18, 2021 4:07 PM EDTOllie's Bargain Outlet (NASDAQ: OLLI) reported Q4 EPS of $0.97, $0.12 better than the analyst estimate of $0.85. Revenue for the quarter came in at $515.8 million versus the consensus estimate of $488.37 million.
Fourth Quarter Summary:
Total net sales increased 22.1% to $515.8 million. Comparable store sales increased 8.8%.The Company opened 4 new stores and closed one location, ending the quarter with 388 stores in 25 states, a year-over-year increase in store count of 12.5%.Operating income increased 31.2% to $84.7 million. Adjusted operating income(1) increased 31.7% to $84.5 million and adjusted operating margin(1) increased 120 basis points to 16.4%.Net income increased 28.6%... More