Ollie's Bargain Outlet (OLLI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Ollie's Bargain Outlet (OLLI) reported $514.51 million in revenue for the quarter ended July 2023, representing a year-over-year increase of 13.7%. EPS of $0.67 for the same period compares to $0.22 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $497.58 million, representing a surprise of +3.40%. The company delivered an EPS surprise of +9.84%, with the consensus EPS estimate being $0.61.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ollie's Bargain Outlet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales change: 7.9% versus 2.43% estimated by seven analysts on average.
Average Net Sales per Store: $1.07 million versus the four-analyst average estimate of $1.03 million.
Number of stores - End of period: 482 versus the four-analyst average estimate of 483.
Number of new stores: 6 compared to the 7 average estimate based on four analysts.
Number of stores open at the beginning of period: 476 versus 477.5 estimated by four analysts on average.
View all Key Company Metrics for Ollie's Bargain Outlet here>>>
Shares of Ollie's Bargain Outlet have returned +4.6% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report
