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Ollie’s Bargain Outlets (NASDAQ: OLLI) 1Q19 Results: Revenues Beat Consensus but Comps Miss, Guidance Remains In Line

Coresight Research

Key Points

  • Ollie’s reported 1Q19 revenues of $324.9 million, up 17.8% and beating the $319.2 million consensus estimate. Adjusted EPS was $0.46, up 12.5% and beating the consensus estimate by 2 cents.
  • Comparable sales increased 0.8%, slowing from 1.9% in the year-ago quarter and missing the 1.2% consensus estimate.
  • Ollie’s guided for 2019 revenues of $1.44-1.45 billion, up 16-17% and in line with the $1.45 billion consensus, comps to increase 1-2%, and adjusted EPS of $2.13-2.17, up 16-19% and in line with the $2.15 consensus estimate.

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