Ollie's Bargain Outlet (OLLI) Tops Q1 EPS by 3c; Guides In-Line
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Ollie’s Bargain Outlet Holdings, Inc. Announces Fiscal 2016 First Quarter Financial Results
June 1, 2016 4:10 PM EDTHARRISBURG, Pa., June 01, 2016 (GLOBE NEWSWIRE) -- Ollies Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (Ollies or the Company) today announced financial results for the first quarter ended April 30, 2016.
First Quarter Summary:
Total net sales increased 19.2% to $193.7 million;Comparable store sales increased 6.0%;The Company opened five new stores and ended the quarter with a total of 208 stores in 18 states, an increase of 14.9% year over year;Operating income increased 35.5% to $21.0 million;Net income increased 76.4% to $11.7 million, or $0.19 per diluted share;Adjusted net income(1) increased... More