Ollie's Bargain Outlet (OLLI) Tops Q3 EPS by 3c, Reaffirms Guidance
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Ollie’s Bargain Outlet Holdings, Inc. Reports Third Quarter Fiscal 2019 Financial Results
December 10, 2019 4:05 PM ESTHARRISBURG, Pa., Dec. 10, 2019 (GLOBE NEWSWIRE) -- Ollies Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) today reported financial results for the third quarter ended November 2, 2019 and reaffirmed sales and earnings guidance for the full-year fiscal 2019.Â
Third Quarter Summary:
Total net sales increased 15.3% to $327.0 million. Comparable store sales decreased 1.4% compared to a 4.6% increase in the prior year.The Company opened 13 stores during the quarter, ending the period with a total of 345 stores in 25 states, a 16.2% year-over-year increase in store count.Operating income increased 22.0% to $35.7... More