Recap: Ollie's Bargain Outlet Q3 Earnings

Shares of Ollie's Bargain Outlet OLLI decreased 13.43% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 58.54% over the past year to $0.65, which beat the estimate of $0.58.

Revenue of $414,382,000 higher by 26.70% year over year, which beat the estimate of $406,060,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Ollie's Bargain Outlet hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Dec 03, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/n96qj5k7

Technicals

52-week high: $112.58

52-week low: $28.83

Price action over last quarter: down 17.63%

Company Description

Ollie's Bargain Outlet Holdings Inc is a retailer of brand name merchandise at drastically reduced prices. It offers customers a selection of brand name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the United States. Its differentiated go-to-market strategy is characterized by a unique, fun and engaging treasure hunt shopping experience, compelling customer value proposition and witty, humorous in-store signage and advertising campaigns. These attributes have driven rapid growth and strong and consistent store performance for the company.