Ollie's Bargain Outlet (OLLI) Tops Q3 EPS by 3c, Reaffirms Guidance

Ollie's Bargain Outlet (NASDAQ: OLLI) reported Q3 EPS of $0.41, $0.03 better than the analyst estimate of $0.38. Revenue for the quarter came in at $327 million versus the consensus estimate of $322.53 million.

Fiscal 2019 Outlook

The Company is reaffirming its full-year guidance, as follows:

• total net sales of $1.419 billion to $1.430 billion;
• a comparable store sales decrease in a range of 0.5% to 1.5%;
• a gross margin rate of 39.5%;
• operating income of $174 million to $178 million;
• adjusted net income(2) of $130 million to $133 million and adjusted net income per diluted share(2) of $1.95 to $2.00, both of which exclude excess tax benefits related to stock-based compensation and an after-tax gain from an insurance settlement; and
• capital expenditures of $75 million to $80 million.

For earnings history and earnings-related data on Ollie's Bargain Outlet (OLLI) click here.

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