Ollie's Bargain Outlet Fiscal Q3 Adjusted Earnings, Revenue Rise; Updates Fiscal 2024 Outlook

MT Newswires Live
2024-12-10

Ollie's Bargain Outlet Holdings (OLLI) reported fiscal Q3 adjusted earnings Tuesday of $0.58 per diluted share, up from $0.51 a year earlier.

Analysts polled by FactSet expected $0.57.

Revenue for the quarter ended Nov. 2 was $517.4 million, compared with $480.1 million a year earlier.

Analysts surveyed by FactSet expected $519 million.

The company reaffirmed its fiscal 2024 adjusted EPS guidance of $3.22 to $3.30. Analysts surveyed by FactSet expect $3.27.

Revenue for the fiscal year is now projected to be about $2.27 billion to $2.28 billion, compared with the prior range of about $2.28 billion to $2.29 billion. Analysts polled by FactSet expect $2.28 billion.

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