Ollie's Bargain Outlet Holdings Full Year 2024 Earnings: EPS Beats Expectations
Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) Full Year 2024 Results
Key Financial Results
Revenue: US$2.10b (up 15% from FY 2023).
Net income: US$181.4m (up 77% from FY 2023).
Profit margin: 8.6% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$2.94 (up from US$1.65 in FY 2023).
OLLI Sales Performance
Like-for-like sales growth: 5.7% vs FY 2023.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ollie's Bargain Outlet Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%.
In the last 12 months, the only revenue segment was Retail - Variety Stores contributing US$2.10b. Notably, cost of sales worth US$1.27b amounted to 60% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$576.7m (89% of total expenses). Explore how OLLI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.
Performance of the American Multiline Retail industry.
The company's shares are up 5.8% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Ollie's Bargain Outlet Holdings' balance sheet health.
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