Ollie's Bargain Outlet (OLLI) Misses Q1 EPS by 10c, FY EPS Guidance Falls Short of Consensus

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Go back to Ollie's Bargain Outlet (OLLI) Misses Q1 EPS by 10c, FY EPS Guidance Falls Short of Consensus

Ollie’s Bargain Outlet Holdings, Inc. Reports First Quarter Fiscal 2022 Financial Results

June 8, 2022 7:30 AM EDT

HARRISBURG, Pa., June 08, 2022 (GLOBE NEWSWIRE) -- Ollies Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the Company) today reported financial results for the first quarter ended April 30, 2022.

First Quarter Summary:

Total net sales decreased 10.1% to $406.7 million.Comparable store sales decreased 17.3% from the prior year increase of 18.8%.The Company opened 9 new stores and closed one store in connection with a relocation, ending the quarter with 439 stores in 29 states, a... More