Recap: Ollie's Bargain Outlet Q2 Earnings

Ollie's Bargain Outlet OLLI reported its Q2 earnings results on Thursday, September 1, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Ollie's Bargain Outlet missed estimated earnings by 33.33%, reporting an EPS of $0.22 versus an estimate of $0.33.

Revenue was up $36.60 million from the same period last year.

Last quarter the company missed on EPS by $0.1 which was followed by a 4.33% increase in the share price the next day.

Here's a look at Ollie's Bargain Outlet's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.3	0.66	0.47	0.55
EPS Actual	0.2	0.69	0.34	0.52
Revenue Estimate	417.24M	513.13M	415.12M	435.75M
Revenue Actual	406.67M	501.13M	383.49M	415.88M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Ollie's Bargain Outlet management provided guidance for FY 2022, expecting earnings between $1.74 and $1.79 per share.

To track all earnings releases for Ollie's Bargain Outlet visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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