Loading...
Loading...
- Ollie's Bargain Outlet Holdings Inc OLLI shares are up over 10% in premarket Wednesday following its Q4 beat and above-consensus FY23 outlook.
- OLLI reported fourth-quarter FY22 sales growth of 9.7% year-on-year to $549.79 million, beating the consensus of $542.18 million.
- Comparable store sales increased 3% compared to a 10.5% decrease last year.
- Gross profit climbed 12.8% Y/Y to $206.5 million, with the margin expanding 110 basis points to 37.6%.
- Operating margin expanded 80 basis points to 12.3%, and operating income for the quarter rose 17.8% to $67.7 million.
- Ollie's held $270.8 million in cash and equivalents as of Jan. 28, 2023. Cash provided by operating activities totaled $113.4 million.
- Inventories at the end of Q4 increased 0.7% to $470.5 million.
- The company ended the quarter with 468 stores in 29 states, an 8.6% increase in store count.
- Adjusted EBITDA of $77.2 million gained 16.8% Y/Y, and the margin increased 80 basis points to 14%.
- Adjusted EPS of $0.84 beat the analyst consensus of $0.79.
- Outlook: Ollie's sees FY23 adjusted EPS of $2.49 - $2.58, above the consensus of $2.38.
- It expects FY23 sales of $2.036 billion - $2.058 billion, above the Street view of $2.00 billion.
- It sees comparable store sales to increase 1% - 2%.
- Price Action: OLLI shares are trading higher by 10.74% at $58.98 in premarket on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in