OLLI - Why Discount Closeout Retailer Ollie's Stock Is Jumping Today | Benzinga
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) reported Q3 FY23 sales growth of 14.8% Y/Y to $480.05 million, beating the consensus of $468.55 million.
Comparable store sales increased 7.0% from the prior year's increase of 1.9%.
The company opened 23 new stores, ending the quarter with 505 stores in 30 states, a year-over-year increase in store count of 9.1%.
Operating income increased 32.3% to $39.1 million and operating margin expanded 100 basis points to 8.1%.
Gross profit increased 17.9% to $194.1 million, while gross margin increased ...