I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a fair valuationAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions ...

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. reported mixed results for Q3 fiscal 2024, with net sales missing estimates but adjusted earnings exceeding expectations, both metrics showing year-over-year improvement [1][3]. Financial Performance - Adjusted earnings were 58 cents per share, surpassing the Zacks Consensus Estimate by one cent and increasing from 51 cents in the prior year [3]. - Net sales reached $517.4 million, a 7.8% year-over-year increase, although it fell short of the consensus estimate of $518.6 million [3]. - Comparable store sales decreased by 0.5%, contrasting with a 7% increase in the same quarter last year, and missing the expected growth of 0.3% [4]. Margin Analysis - Gross profit increased by 10.5% year over year to $214.5 million, with gross margin expanding by 100 basis points to 41.4%, driven by favorable supply-chain costs [5]. - Selling, general and administrative (SG&A) expenses rose by 9% to $154.5 million, with SG&A as a percentage of net sales increasing by 40 basis points to 29.9% [6]. - Operating income surged by 14% to $44.5 million, and the operating margin expanded by 50 basis points to 8.6% [7]. Store Expansion - The company opened 24 new stores and closed three, resulting in a total of 546 stores across 31 states, reflecting an 8.1% year-over-year increase in store count [8]. Financial Snapshot - At the end of the quarter, Ollie's Bargain had cash and cash equivalents of $128.7 million, with no outstanding borrowings under its $100 million revolving credit facility [9]. - Capital expenditures for the quarter were $31 million, with a projected total of $104 million for fiscal 2024 [9]. Future Guidance - Management revised fiscal 2024 net sales guidance to between $2,270 million and $2,280 million, up from $2,102.7 million in fiscal 2023 [11]. - Comparable store sales are now expected to grow between 2.7% and 3%, down from the previous guidance of 2.7% to 3.2% [11]. - The company anticipates a gross margin rate of 40% for fiscal 2024, with operating income projected between $251 million and $258 million [12].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Ollie's Bargain Outlet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-37501 80-0848819 (Commission File Number) (IRS ...

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q3 2024 Earnings Conference Call December 10, 2024 8:30 AM ET Company Participants John Swygert - Chief Executive Officer Eric van der Valk - President Robert Helm - Executive Vice President & Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Peter Keith - Piper Sandler Bradley Thomas - KeyBanc Capital Markets Chuck Grom - Gordon Haskett Scot Ciccarelli - Truist Securities Kate McShane - Goldman Sachs Jeremy Hamblin - Craig-Hallu ...

Financial Performance - Net sales increased 7.8% to $517.4 million in Q3 fiscal 2024 compared to $480.1 million in Q3 fiscal 2023[4] - Operating income increased 14.0% to $44.5 million, with an operating margin of 8.6%, up 50 basis points[6][16] - Net income rose 12.8% to $35.9 million, or $0.58 per diluted share, compared to $31.8 million, or $0.51 per diluted share in the prior year[7][17] - Adjusted EBITDA increased 17.0% to $59.8 million, with an adjusted EBITDA margin of 11.6%, up 100 basis points[9][18] - Gross profit margin improved to 41.4% for the latest quarter, compared to 40.4% in the prior year, indicating a positive trend in profitability[35] - Operating income for the thirteen weeks ended October 28, 2023, was $44,522, up from $39,069, reflecting an increase of 11.8%[35] - Net income for the thirteen weeks ended October 28, 2023, was $35,884, compared to $31,803 in the same period last year, marking a growth of 12.9%[35] - Basic earnings per share increased to $0.59 for the latest quarter, up from $0.52, representing a growth of 13.5%[35] - Adjusted net income for the thirteen weeks ended November 2, 2024, was $35,745, compared to $31,614 in the prior year, showing an increase of 13.5%[46] - Net income per diluted share for the thirteen weeks ended October 28, 2023, was $0.58, compared to $0.51 for the same period last year, representing a 13.7% increase[47] - Adjusted net income per diluted share for the thirteen weeks ended October 28, 2023, was $0.58, up from $0.51 year-over-year[47] - EBITDA for the thirteen weeks ended October 28, 2023, was $56.234 million, an increase from $48.120 million in the prior year, reflecting a 17.5% growth[50] - Adjusted EBITDA for the thirteen weeks ended October 28, 2023, reached $59.840 million, compared to $51.124 million in the same period last year, marking a 16.9% increase[50] Store Operations - The company opened 24 new stores, ending the quarter with 546 stores, an 8.1% year-over-year increase[5] - The company opened 24 new stores during the thirteen weeks ended October 28, 2023, compared to 23 new stores in the same period last year[50] - The number of stores open at the end of the period increased to 546 from 505 year-over-year, indicating a growth of 8.1%[50] Sales Metrics - Comparable store sales decreased 0.5% from the prior year increase of 7.0%[5] - Comparable store sales change for the thirteen weeks ended October 28, 2023, was -0.5%, down from a 7.0% increase in the prior year[50] - Average net sales per store for the thirteen weeks ended October 28, 2023, was $965, slightly down from $970 in the same period last year[50] Financial Position - Cash and cash equivalents increased to $303.9 million from $264.0 million year-over-year[19] - Total current assets rose to $923,787 as of November 2, 2024, compared to $805,559 a year earlier, reflecting an increase of 14.6%[37] - Total assets increased to $2,470,842 from $2,194,360, indicating a growth of 12.6% year-over-year[37] - Total liabilities increased to $853,870 from $753,986, representing a rise of 13.2%[37] - Cash and cash equivalents at the end of the period were $128,685, down from $159,555, reflecting a decrease of 19.3%[39] Strategic Developments - The company has acquired 17 store locations related to the Big Lots bankruptcy, enhancing its store pipeline[23] - The company estimates fiscal 2024 net sales between $2.270 billion and $2.280 billion, with a comparable store sales increase of 2.7% to 3.0%[25]

The market expects Ollie's Bargain Outlet (OLLI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on December 10, 2024, might help the stock move higher if these k ...

Around a year and a half ago, in March 2023, I wrote an article that took a neutral stance on retailer Ollie's Bargain Outlet Holdings (NASDAQ: OLLI ). At the time, the company was just about toCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live ch ...

HARRISBURG, Pa., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) announced today that it will release its financial results for the third quarter of fiscal year 2024 on Tuesday, December 10, 2024, before the market opens. Following the release, at 8:30 a.m. Eastern Time, the Company’s management team will host a conference call to discuss its results. To access the live conference call, please pre-register here. Registrants will receive a confirmation w ...

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. (OLLI) is expanding its footprint by acquiring leases for eight former Big Lots locations, which is part of Big Lots' restructuring efforts involving the closure of 170 stores [1][2]. Expansion and Growth Strategy - With the new acquisitions, Ollie's Bargain will hold a total of 15 former Big Lots store leases, providing valuable opportunities due to advantageous lease terms and prime locations [2]. - The ongoing closure of Big Lots stores allows Ollie's Bargain to streamline its operations and focus on enhancing productivity while minimizing pre-opening costs [3]. - For fiscal 2024, Ollie's plans to open 50 new stores and has two planned closures, with a long-term goal of expanding to 1,300 stores across the United States [4]. Business Model and Performance - Ollie's Bargain operates on a "buying cheap, selling cheap" model, which has resonated well with value-conscious customers, leading to positive customer feedback and a diverse clientele [5]. - The company has achieved nine consecutive quarters of growth in comparable store sales, with a 5.8% increase in the second quarter of fiscal 2024 [7]. - OLLI shares have gained 24.6% in the past six months, outperforming the industry and the S&P 500 [8]. Financial Metrics and Valuation - OLLI's forward 12-month price-to-earnings ratio is 25X, which is higher than the industry's ratio of 18.6X, indicating a premium valuation compared to expected earnings growth [10]. - The company has prioritized cost efficiency and has maintained solid profit margins despite market fluctuations [6]. Customer Engagement and Loyalty - Ollie's Army, the customer loyalty program, has strengthened customer connections and reinforced the company's competitive edge in the retail market [6].

Ollie's Bargain Outlet Holdings, Inc. (OLLI) is one of the go-to destinations for budget-conscious shoppers. With its compelling "buying cheap and selling cheap" business model, the company has become a household name for those seeking incredible deals on brand-name products. This strategic positioning has fueled a remarkable 31.7% surge in its stock price over the past six months, outpacing the industry's rise of 10%. Ollie's Bargain Winning Formula Ollie's Bargain core business model is uniquely positione ...