Ollie's Bargain Outlet Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Ollie's Bargain Outlet (NASDAQ:OLLI) reported Q1 earnings of $30.98 million, a 41.64% increase from the previous quarter, while sales decreased by 16.49% to $459.15 million. The company posted a return on capital employed (ROCE) of 0.02%, indicating effective capital allocation. Q1 earnings per share were $0.49, beating analyst predictions of $0.48.
June 08, 2023 | 2:46 pm
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Ollie's Bargain Outlet reported a 41.64% increase in Q1 earnings and a 0.02% ROCE, indicating effective capital allocation. The company beat analyst predictions with earnings per share of $0.49.
Ollie's Bargain Outlet reported a significant increase in Q1 earnings and a positive ROCE, which suggests effective capital allocation. This, combined with the company beating analyst predictions for earnings per share, indicates a potential short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100