The earnings call presented a generally positive outlook, with strong sales growth, record store openings, and improved margins. While there were some challenges in specific categories and increased costs, the company's strategic initiatives and raised guidance for the full year indicate strong business momentum.

Company Guidance

During the third quarter earnings call for Ollie's Bargain Outlet, the company provided updated guidance reflecting strong performance and increased expectations. The company reported a 7% increase in comparable store sales and a 14.8% rise in net sales, reaching $480 million. Adjusted EBITDA grew by 29.5% to $51 million, and Ollie's opened a record 23 new stores, bringing the total to 505 stores in 30 states. The company highlighted broad-based strength across categories with over 60% comping positive, particularly in candy, sporting goods, housewares, food, and toys. Given these results, Ollie's raised its full-year guidance, projecting net sales between $2.097 billion and $2.104 billion and comparable store sales growth of 5.3% to 5.6%. The company also anticipates a gross margin of 39.2% to 39.3%, operating income between $221 million and $225 million, and adjusted net income per diluted share of $2.77 to $2.83. Additionally, Ollie's plans to open a total of 45 new stores (less one closure) and expects capital expenditures of approximately $125 million for the year.

Strong Sales and Earnings Growth

Net sales increased 14.8% to $480 million, comparable store sales increased 7%, and adjusted EBITDA grew 29.5% to $51 million.

Record Store Openings

Opened a record 23 new stores in the quarter, surpassing the 500-store milestone with a total of 505 stores in 30 states.

Gross Margin Improvement

Gross margin improved by 100 basis points to 40.4%, driven by favorable supply chain costs.

Ollie's Army Growth

Membership increased by 4.8% year-over-year to 13.7 million members, accounting for over 80% of sales.

Raising Full-Year Guidance

Raised sales and earnings guidance for the full year based on strong Q3 results and current business trends.

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Ollie's Bargain Outlet Holding (OLLI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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OLLI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 05, 2018	2018 (Q2)	- / 0.40	0.27	48.15% (+0.13)	―	―
Dec 04, 2018	2018 (Q3)	- / 0.32	0.22	45.45% (+0.10)	―	―
Mar 26, 2019	2018 (Q4)	- / 0.71	0.51	39.22% (+0.20)	―	―
Jun 06, 2019	2019 (Q1)	- / 0.46	0.41	12.20% (+0.05)	―	―
Aug 28, 2019	2019 (Q2)	- / 0.35	0.4	-12.50% (-0.05)	―	―
Dec 10, 2019	2019 (Q3)	- / 0.41	0.32	28.12% (+0.09)	―	―
Mar 19, 2020	2019 (Q4)	- / 0.74	0.71	4.23% (+0.03)	―	―
May 28, 2020	2020 (Q1)	- / 0.49	0.46	6.52% (+0.03)	―	―
Aug 27, 2020	2020 (Q2)	- / 1.04	0.35	197.14% (+0.69)	―	―
Dec 03, 2020	2020 (Q3)	- / 0.65	0.41	58.54% (+0.24)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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OLLI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 10, 2024	$98.05	$111.02	+13.23%
Aug 29, 2024	$94.09	$86.90	-7.64%
Jun 05, 2024	$82.04	$89.83	+9.50%
Mar 20, 2024	$75.35	$76.29	+1.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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