Ollie's Bargain Outlet (OLLI) Tops Q2 EPS by 3c; Lifts Outlook
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Ollie’s Bargain Outlet Holdings, Inc. Announces Fiscal 2016 Second Quarter Financial Results
August 31, 2016 4:10 PM EDTHARRISBURG, Pa., Aug. 31, 2016 (GLOBE NEWSWIRE) -- Ollies Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (Ollies or the Company) today announced financial results for the second quarter ended July 30, 2016.
Second Quarter Summary:
Total net sales increased 16.1% to $211.3 million;Comparable store sales increased 3.5%;The Company opened eight new stores and ended the quarter with a total of 216 stores in 19 states, an increase of 15.5% year over year;Operating income increased 30.5% to $22.0 million;Net income increased 106.8% to $13.1 million and diluted earnings per share increased 75.0% to $0.21;Adjusted net... More