Ollie’s Bargain Outlet Holdings Inc (NASDAQ: OLLI) reported better-than-expected earnings for its fourth quarter on Wednesday.
The company reported fourth-quarter FY23 sales growth of 18% year-on-year to $648.9 million, missing the analyst consensus estimate of $649.378 million. Comparable store sales increased 3.9% compared to a 3% increase last year.
Adjusted EPS of $1.23 beat the analyst consensus of $1.16, according to data from Benzinga Pro.
Ollie's Bargain Outlet said it sees FY24 adjusted EPS of $3.10 – $3.20, against the consensus of $3.21. The company expects FY24 sales of $2.248 billion – $2.273 billion ...