Ollie's Bargain Outlet reported Q3 earnings per share of 75 cents, beating estimates, with sales of $613.62 million, missing the Street view. The company raised its full-year sales and earnings outlook. CEO Eric van der Valk stated a very good start to Q4.
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) released its Q3 results, with adjusted earnings per share coming in at 75 cents, surpassing the anticipated 73 cents. Quarterly sales stood at $613.62 million, marking an 18.6% increase from the previous year but slightly below the expected $614.397 million. Eric van der Valk, the President and CEO, expressed optimism due to the positive Q3 results and a strong beginning to Q4. As a result, the company has raised its full-year sales and earnings forecast. Ollie's Bargain Outlet also adjusted its fiscal 2025 earnings per share guidance upwards.
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