Ollie's Bargain Outlet Analysts Boost Their Forecasts After Q4 Results

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) reported in-line earnings for the fourth quarter on Wednesday.

The company reported fourth-quarter adjusted earnings per share of $1.19, in line with the analyst consensus estimate. Quarterly sales of $667.1 million (up 2.8% year over year) missed the analyst consensus estimate of $674.5 million.

Comparable store sales increased 2.8% from the prior year's increase of 3.9%.

"With so many retailers closing stores or going bankrupt in the past year, there are a considerable number of abandoned customers, merchandise, real estate, and talent in the marketplace," said Eric van der Valk, President and Chief Executive Officer.

In a separate release, Ollie's Bargain ...