Jefferies Reiterates Buy on Ollie's Bargain Outlet Holdings, Inc (OLLI) Following 2Q EPS Beat

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Go back to Jefferies Reiterates Buy on Ollie's Bargain Outlet Holdings, Inc (OLLI) Following 2Q EPS Beat

Ollie's Bargain Outlet Holdings, Inc. Announces Fiscal 2015 Second Quarter Financial Results

September 9, 2015 4:01 PM EDT

HARRISBURG, Pa., Sept. 9, 2015 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) ("Ollie's" or the "Company") today announced financial results for the second quarter ended August 1, 2015.

Second Quarter Summary:

Total net sales increased 19.0% to $181.9 million;   Comparable store sales increased 7.8%;   The Company opened seven new stores and closed one store, ending the quarter with 187 stores in 16 states. This represents an increase of 12% in total number of stores from the second quarter of fiscal 2014;   Adjusted EBITDA increased 22.0% to $22.5 million (adjusted EBITDA is not a measure recognized under generally accepted accounting... More