Ollie's Bargain Outlet (OLLI) Tops Q3 EPS by 3c, Offers FY Guidance
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December 10, 2015 8:09 AM EST
Traffic and ticket improved and Ollie's Bargain Outlet (NASDAQ: OLLI) is lapping strong coffee comp sales better than expected, analyst Daniel Binder at Jefferies noted.
Management flowed Q3 upside into the full year expectations, raising the upper end of FY16 guidance ranges, but left their assumptions for Q4 unchanged. Valuation attractive at 1.2 PEG.
Traffic and ticket were both up (traffic more than ticket). New store productivity continued to be strong at around 95%. The majority of departments saw SSS increases in the midsingle-digit range or... More
December 10, 2015 7:35 AM EST
Piper Jaffray maintained a Neutral rating and $20.00 price target on Ollie's Bargain Outlet (NASDAQ: OLLI) despite healthy 3Q results. OLLI comped +3.2% in Q3, much better than consensus of +0.7%, with the comp being driven by both traffic and average basket. EPS was reported at $0.11, 8c above consensus. On the call OLLI mentioned that the majority of their 21 merchandise categories were... More
