Ollie's Bargain Outlet Holdings Third Quarter 2023 Earnings: Misses Expectations
Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) Third Quarter 2023 Results
Key Financial Results
Revenue: US$418.1m (up 9.0% from 3Q 2022).
Net income: US$23.1m (flat on 3Q 2022).
Profit margin: 5.5% (down from 6.0% in 3Q 2022). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ollie's Bargain Outlet Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 8.7%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Multiline Retail industry in the US.
Performance of the American Multiline Retail industry.
The company's shares are down 14% from a week ago.
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Ollie's Bargain Outlet Holdings that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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