Ollie's Bargain Outlet Q2 Adj. EPS $0.67 Beats $0.61 Estimate, Sales $514.51M Beat $499.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ollie's Bargain Outlet (NASDAQ:OLLI) reported Q2 earnings of $0.67 per share, beating the analyst consensus estimate of $0.61 by 9.84%. This is a 204.55% increase from the same period last year. The company also reported quarterly sales of $514.51 million, beating the analyst consensus estimate of $499.00 million by 3.11%. This is a 13.71% increase from the same period last year.
August 31, 2023 | 11:30 am
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POSITIVE IMPACT
Ollie's Bargain Outlet reported better than expected Q2 earnings and sales, with significant YoY increases. This could positively impact the stock in the short term.
Ollie's Bargain Outlet reported Q2 earnings and sales that beat analyst estimates, with a 204.55% increase in earnings and a 13.71% increase in sales compared to the same period last year. This positive financial performance could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100