Reports Q3 revenue $480.1, consensus $465.23M. “We had another strong quarter and are pleased with the positive trends in our business. Our third quarter sales and margins came in ahead of our expectations, driven by strong deal flow, lower supply chain costs, and continued execution throughout the organization. In the quarter, comparable store sales increased 7.0%, net sales increased 14.8% to $480 million, and adjusted EBITDA increased 29.5% to $51 million. We also opened a record 23 new stores in the quarter and saw very healthy new store productivity in the period,” said John Swygert, President and Chief Executive Officer.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on OLLI:
- Options Volatility and Implied Earnings Moves Today, December 06, 2023
- Ollie’s Bargain Outlet to deliver ‘solid’ print, says RBC Capital
- Options Volatility and Implied Earnings Moves This Week, December 04 – December 08, 2023
- OLLI Upcoming Earnings Report: What to Expect?
- Ollie’s Bargain Outlet expands board with appointment of Mary Baglivo