Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) stock climbed Thursday after the discount retailer reported fiscal fourth-quarter results.
Earnings Snapshot
The company reported fourth-quarter adjusted earnings per share of $1.39, in line with the Street view. Quarterly sales of $779.256 million (+16.8% year over year) missed the analyst consensus estimate of $783.271 million.
“In the fourth quarter, we delivered better than expected sales and earnings, driven by solid comp growth, healthy margins, and disciplined expense control,” said Eric van der Valk, President and Chief Executive Officer.
Comparable store sales increased 3.6%, driven by an increase in basket and transactions. Seasonal, consumables, hardware, stationery, and sporting goods were the top-performing categories in …