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Ollie's Bargain Outlet: Fiscal Q1 Earnings Snapshot
By Ap News - Jun 05, 2024, 07:39 AM ET
Last Updated - Jun 05, 2024, 07:39 AM EDT
HARRISBURG, Pa. (AP) — HARRISBURG, Pa. (AP) — Ollie's Bargain Outlet Holdings Inc. (OLLI) on Wednesday reported fiscal first-quarter net income of $46.3 million.
On a per-share basis, the Harrisburg, Pennsylvania-based company said it had net income of 75 cents. Earnings, adjusted for pretax gains, came to 73 cents per share.
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The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The retailer posted revenue of $508.8 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $505.8 million.
Ollie's Bargain Outlet expects full-year earnings in the range of $3.18 to $3.28 per share, with revenue in the range of $2.26 billion to $2.28 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a OLLI">Zacks stock report on OLLI at https://www.zacks.com/ap/OLLI
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