2024-03-20 10:43:03 ET
Ollie's Bargain Outlet Holdings, Inc. (OLLI)
Q4 2023 Earnings Conference Call
March 20, 2024, 08:30 AM ET
Company Participants
John Rouleau - IR
John Swygert - President & CEO
Eric van der Valk - EVP, COO
Rob Helm - SVP, CFO
Conference Call Participants
Brad Thomas - KeyBanc Capital Markets
Kate McShane - Goldman Sachs
Peter Keith - Piper Sandler
Edward Kelly - Wells Fargo
Jeremy Hamblin - Craig-Hallum Capital Group
Eric Cohen - Gordon Haskett
Matthew Boss - JPMorgan
Scot Ciccarelli - Truist
Simeon Gutman - Morgan Stanley
Mark Carden - UBS
Presentation
Operator
Good morning, and welcome to Ollie's Bargain Outlet's Conference Call to discuss financial results for the Fourth Quarter Fiscal 2023. Currently, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and an interactive instruction will follow at that time. Please be advised that this call is being recorded and the reproduction of this call in whole or in part is not permitted without the express written authorization of Ollie's.
Joining us today's call from Ollie's management are John Swygert, President, and Chief Executive Officer; Eric van der Valk, Executive Vice President, and Chief Operating Officer; and Robert Helm, Senior Vice President, and Chief Financial Officer.
Certain comments made today may constitute forward-looking statements and are made pursuant to and within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 as amended. Such forward-looking statements are subject to both known and unknown risks and uncertainties that could cause actual results to differ materially from such statements. Those risks and uncertainties are described in our annual report on Form 10- and quarterly reports on Form 10-Q on file with the SEC and the earnings press release. Forward-looking statements made today are as of the date of this call and we do not undertake any obligation to update these statements.
On today's call, the company will also be referring to certain non-GAAP financial measures. Reconciliation of those most closely comparable GAAP financial measures to non-GAAP financial measures are included in our earnings press release.
With that said, I will now turn the call over to Mr. Swygert. Please go ahead, sir.
John Swygert
Thank you and good morning everyone. We appreciate you joining our call today. We had a strong fourth quarter and fiscal year. For the fourth quarter, we delivered better than expected top and bottom line results. Comparable store sales increased 3.9%, our seventh consecutive quarter of positive comps. Our comp store sales growth was broad-based with over 60% of our product categories comping positive in the quarter....
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Ollie's Bargain Outlet Holdings, Inc. (OLLI) Q4 2023 Earnings Call Transcript