Ollie’s Bargain Outlet Surpasses Expectations with Non-GAAP EPS of $0.51 and Revenue of $480.1M

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Ollie’s Bargain Outlet ($NASDAQ:OLLI) recently reported its financial performance for the first quarter of 2021 and surpassed expectations with Non-GAAP earnings per share of $0.51 and revenue of $480.1M. This exceeded analyst expectations by $0.06 and $10.82M respectively. Ollie’s offers shoppers a wide range of products including home goods, toys, and apparel. Its stores are known for their wide selection of merchandise and low prices, attracting bargain hunters from all over the country. The company’s strong performance was driven by strong results at existing stores, expansion into new markets, as well as growth in e-commerce sales.

The company also saw an increase in customer visits during the quarter as consumers continue to look for deals on quality merchandise during the pandemic. The company’s success in the first quarter is evidence of the strength of Ollie’s Bargain Outlet’s business model as it continues to expand and compete in an increasingly competitive retail market. With revenue and earnings exceeding expectations, the company is well-positioned to continue its growth in the future.

Earnings

In the latest earnings report of FY2024 Q2 ending July 31 2021, OLLIE’S BARGAIN OUTLET has reported a total revenue of $415.88 million USD, and a net income of $34.32 million USD, showing an 8.1% decrease in total revenue, and a 143.4% increase in net income compared to the previous year. Over the past three years, OLLIE’S BARGAIN OUTLET’s total revenue has increased from $415.88M to $514.51M USD, further demonstrating the company’s success. This latest earnings report is a testament to the company’s ability to exceed expectations and achieve growth despite challenging market conditions.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Stock Price

Ollie’s Bargain Outlet announced on Wednesday that its non-GAAP EPS for the quarter was $0.51, surpassing market expectations. Revenue for the quarter totaled $480.1M, indicative of a successful 3rd quarter for the company. On the day of the announcement, OLLIE’S BARGAIN OUTLET stock opened at $78.5 and closed at $76.4, up by 0.1% from prior closing price of 76.2. The results demonstrate Ollie’s ability to remain resilient in a challenging market environment and continue to deliver strong financial results. Live Quote…

Analysis

GoodWhale has conducted a comprehensive analysis of the fundamentals of OLLIE’S BARGAIN OUTLET. After our analysis, we have concluded that OLLIE’S BARGAIN OUTLET is classified as a ‘rhino’, which is a company that has achieved moderate revenue or earnings growth. Thus, investors looking to make long-term investments in a stable but not overly-ambitious company may be interested in OLLIE’S BARGAIN OUTLET. Our assessment of OLLIE’S BARGAIN OUTLET’s fundamentals has revealed that they possess strong assets, growth, and profitability, but have a weaker dividend portfolio. Our analysis has also found that they have a high health score of 10/10 with regards to its cashflows and debt, which indicates that it has the capacity to sustain future operations even in times of crisis. 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 recently reported strong financial results, beating analysts’ expectations. The strong results were primarily driven by higher same-store sales and a growing digital business, as well as the expansion of new stores and operating efficiencies. Overall, the results demonstrate that Ollie’s Bargain Outlet is a strong investment opportunity in the retail space.