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Ollie’s Bargain Outlet (NASDAQ: OLLI) 2Q19 Results: Revenues and Comps Fall Short of Consensus; Guidance Lowered

Executive Summary

  • Ollie’s reported 2Q19 revenues of $333.9 million, up 15.9% but missing the $339.8 million consensus estimate. Adjusted EPS was $0.35, down 10.5% and missing the consensus estimate by 11 cents.
  • Comps decreased 1.7%, versus a 4.4% increase in the year-ago quarter and short of the 1.9% consensus estimate.
  • Ollie’s guided for 2019 revenues of $1.42-1.43 billion, up 14-15% and in line with the $1.43 billion consensus, comps to decrease 0.5-1.5% and adjusted EPS of $1.95-2.00, up 7-9% and below the $2.05 consensus estimate.

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