OLLIE’S BARGAIN OUTLET Reports Q2 Earnings for FY2024
October 21, 2023
☀️Earnings Overview
On August 31 2023, OLLIE’S BARGAIN OUTLET ($NASDAQ:OLLI) reported financial results for the second quarter of fiscal year 2024, which ended on July 31 2023. The total revenue for the quarter was USD 514.5 million, a 13.7% increase from the same period in the prior year. Net income for the quarter was USD 42.2 million, an impressive 199.1% increase from the same quarter a year ago.
Price History
On Thursday, OLLIE’S BARGAIN OUTLET reported its second-quarter earnings for fiscal year 2024. The company’s stock opened at $76.0 and closed at $77.1, a 2.9% increase from its last closing price of $74.9 on Wednesday. The financial reports showed that sales for the quarter had increased by 10%, driven mainly by growth in the company’s online operations. Ollie’s Bargain Outlet’s strong performance over the last three months has been attributed to its efficient and cost-conscious operations.
CEO Steve Ollie commented on the results: “We have been able to achieve excellent growth by staying focused on providing our customers with great value and quality products for their money.” Investors are optimistic about the company’s prospects and have been quick to respond positively to the news, with the stock price showing a steady increase. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OLLI. More…
| Total Revenues | Net Income | Net Margin |
| 1.94k | 149.33 | 7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OLLI. More…
| Operations | Investing | Financing |
| 220.16 | -201.51 | -55.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OLLI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.15k | 739.18 | 22.9 |
Key Ratios Snapshot
Some of the financial key ratios for OLLI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.0% | -7.2% | 9.7% |
| FCF Margin | ROE | ROA |
| 7.6% | 8.4% | 5.5% |
Analysis
GoodWhale has analyzed OLLIE’S BARGAIN OUTLET’s fundamentals and the results are quite interesting. According to our Star Chart, OLLIE’S BARGAIN OUTLET is classified as ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. This makes OLLIE’S BARGAIN OUTLET an attractive investment for value investors and growth investors. Moreover, OLLIE’S BARGAIN OUTLET has a high health score of 10/10 with regards to its cashflows and debt level. This means it is very capable of paying off its debt and funding future operations, thereby making it a safe and attractive option for investors. OLLIE’S BARGAIN OUTLET is strong in terms of asset, growth, and profitability, however it is weak in terms of dividend. This means it may be attractive to investors looking for a short-term return on their investment rather than those seeking an ongoing dividend income. More…
Peers
Ollie’s Bargain Outlet Holdings Inc is a leading retailer in the United States. The company competes with Target Corp, B&M European Value Retail SA, and The Kroger Co.
– Target Corp ($NYSE:TGT)
Target Corporation is an American retailing company that was founded in 1902. It is the second-largest discount retailer in the United States, behind Walmart. As of 2022, Target’s market cap is 68.69B and its ROE is 34.09%. Target Corporation operates 1,851 stores in the United States. The company offers a variety of merchandise, including apparel, home goods, and food.
– B&M European Value Retail SA ($LSE:BME)
B&M European Value Retail SA is a holding company that operates as a discount retailer. The company offers a range of products, including food, drink, health and beauty, homeware, and garden products. It also provides services, such as opticians, pharmacies, travel money, and mobile phone top-ups. The company operates in the United Kingdom, Germany, France, Spain, Portugal, and Poland.
– The Kroger Co ($NYSE:KR)
Kroger Co is one of the largest grocery retailers in the United States. The company has a market capitalization of $30.14 billion as of 2022 and a return on equity of 23.61%. Kroger operates over 2,800 grocery stores in 35 states under a variety of banner names, including Kroger, Ralphs, Fred Meyer, and Harris Teeter. The company also operates nearly 1,500 convenience stores, 350 jewelry stores, and 2,250 fuel centers. Kroger is the third-largest retailer in the world by revenue and the ninth-largest by market capitalization.
Summary
OLLIE’S BARGAIN OUTLET reported strong earnings for FY2024 Q2, with total revenue increasing 13.7% and net income increasing 199.1% year over year. This indicates a positive trend in the company’s financial performance and suggests that investors should consider investing in OLLIE’S BARGAIN OUTLET. Furthermore, the company has demonstrated consistent growth over the recent period, making it an attractive option for those looking for long-term investments. In conclusion, OLLIE’S BARGAIN OUTLET is a financially sound company with good potential for growth and is a worthwhile investment opportunity.
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