Jefferies Maintains Bullish View on Ollie's Bargain Outlet (OLLI) Following Q3 'Beat and Raise'
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Ollie's Bargain Outlet Holdings, Inc. Announces Fiscal 2015 Third Quarter Financial Results
December 9, 2015 4:10 PM ESTHARRISBURG, Pa., Dec. 9, 2015 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) ("Ollie's" or the "Company") today announced financial results for the third quarter ended October 31, 2015.
Third Quarter Summary:
Total net sales increased 16.4% to $174.6 million; Â Comparable store sales increased 3.2%; Â The Company opened 13 new stores, ending the quarter with 200 stores in 17 states. This represents an increase of 15.6% in total number of stores from the third quarter of fiscal 2014; Adjusted EBITDA increased 18.2% to $20.0 million (adjusted EBITDA is not a measure recognized under generally accepted accounting principles ("GAAP"); see... More