OLLI Earnings Prediction
The chart below shows how OLLI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OLLI sees a +0.43% change in stock price 10 days leading up to the earnings, and a +3.27% change 10 days following the report. On the earnings day itself, the stock moves by +1.39%. This data can give you a slight idea of what to expect for the next quarter's release.
OLLI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
480.05M
14.82%
-6.70%
Gross Margin
38.96%
2.58%
5.50%
Operating Margin
8.14%
15.30%
-20.27%
Net Margin
6.62%
19.93%
-19.27%
EPS
0.51
37.84%
-25.00%
No Data Available
OLLI Earnings Analysis
Ollie's Bargain Outlet Holdings, Inc. Common Stock Corporation (OLLI.O) Earnings Conference Call
Positive
Adjusted EPS Growth: We delivered a 14% increase in adjusted EPS driven by an 8% increase in sales, a 100 basis point increase in gross margin and disciplined expense control.
Record New Store Openings: We opened 24 new stores in the quarter which was a record number for us.
Net Sales Increase: Net sales increased 8% to $517 million, driven by new store growth.
Membership Growth and Sales: Ollie's Army membership increased 8% to 14.8 million members and sales to our members represented over 80% of total sales.
Store Expansion Growth: We ended the quarter with 546 stores in 31 states, an increase of 8% year-over-year.
Negative
Store Sales Decline: Comparable store sales declined 0.5%, with both transactions and basket down slightly.
Sales Impact Factors: The company faced a number of short-term headwinds that impacted sales, including a shift of one flyer out of the third quarter and into the fourth quarter, and the two major hurricanes.
Store Count Growth: The third quarter ended with 546 stores in 31 states, an increase of 8% year-over-year, but the company closed 3 stores during the quarter.
Gross Margin Decline: The company experienced a drag on gross margin due to a 20-point drag on the quarter, in addition to what was contemplated when we originally guided our margin.
Store Closure Challenges: The company expects to see some headwinds in the fourth quarter due to the planned store closures and the timing of new store openings.
OLLI FAQs
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OLLI Earning Call Sentiment
Ollie's Bargain Outlet Holdings, Inc. (OLLI) Q3 2024 Earnings Call Transcript
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00:00
00:00
OLLI.O
-5.59%Positive
The earnings call reveals strong financial performance with an 8% increase in net sales and improved margins. Despite slight declines in comparable store sales, the company shows resilience with strategic store openings and a robust buyback program. The Q&A section highlights management's proactive approach to challenges, such as competitive pressures and supply chain issues. Positive sentiment is bolstered by the successful credit card rollout and operational efficiencies. Overall, the company's strategic initiatives and financial health suggest a positive stock price movement in the short term.
