(Updated - May 31, 2017 4:13 PM EDT)

(updated to add guidance outlook)

Ollie's Bargain Outlet (NASDAQ: OLLI) reported Q1 EPS of $0.25, $0.02 better than the analyst estimate of $0.23. Revenue for the quarter came in at $227.6 million versus the consensus estimate of $220.91 million.

Guidance:

Sees FY 2018 EPS $1.18-1.21 compared with consensus of $1.16, Sees FY 2018 revenues of $1.032-1.040 billion compared with consensus of $1.05 billion

Sees FY 2018 Comps 1.0-2.0 percent, expects to open 35 new stores and plans no closures.

For earnings history and earnings-related data on Ollie's Bargain Outlet (OLLI) click here.

Earnings Guidance

Ollie's Bargain Outlet (OLLI) PT Raised to $46 at BofA/Merrill Lynch; 'eighth consecutive beat and raise since its IPO'June 1, 2017 9:03 AM Ollie's Bargain Outlet (OLLI) PT Raised to $48 at Piper Jaffray Following 1QJune 1, 2017 7:53 AM Ollie's Bargain Outlet (OLLI) FVE Raised to $40 at MKM Partners; 'Good Not Great 1Q17, Modestly Higher Earnings Outlook'June 1, 2017 7:49 AM