Ollie's Bargain Outlet (OLLI) Tops Q3 EPS by 3c, Offers FY Guidance
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Ollie’s Bargain Outlet Holdings, Inc. Announces Fiscal 2016 Third Quarter Financial Results
December 7, 2016 4:05 PM ESTHARRISBURG, Pa., Dec. 07, 2016 (GLOBE NEWSWIRE) -- Ollies Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (Ollies or the Company) today announced financial results for the third quarter ended October 29, 2016.
Third Quarter Summary:
Total net sales increased 15.7% to $202.0 million;Comparable store sales increased 1.8%;The Company opened 16 new stores during the quarter and ended the quarter with a total of 232 stores in 19 states, an increase of 16.0% year over year;Operating income increased 33.8% to $18.6 million;Net income increased 54.7% to $10.5 million and Net income per diluted share increased... More