Ollie's Bargain Outlet Raises FY2023 Adj EPS Guidance from $2.56 - $2.65 to $2.65 - $2.74 vs $2.62 Est; Raises FY2023 Sales Guidance from $2.05B - $2.07B to $2.076B - $2.091B vs $2.06B Est
Portfolio Pulse from Benzinga Newsdesk
Ollie's Bargain Outlet has raised its FY2023 adjusted EPS guidance from $2.56 - $2.65 to $2.65 - $2.74, and its sales guidance from $2.05B - $2.07B to $2.076B - $2.091B. The company also expects to open 44 new stores, increase comparable store sales by 4.0% to 4.5%, and maintain a gross margin of 39.1% to 39.3%.
August 31, 2023 | 11:35 am
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POSITIVE IMPACT
Ollie's Bargain Outlet's raised guidance for FY2023 indicates a positive outlook for the company's performance, which could potentially lead to a short-term increase in its stock price.
The raised guidance indicates that Ollie's Bargain Outlet expects to perform better than previously anticipated in FY2023. This positive outlook could make the company's stock more attractive to investors, potentially leading to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100