Ollie's Bargain Outlet Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
March 20, 2024 at 07:40 am EDT
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Ollie's Bargain Outlet Holdings, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 648.95 million compared to USD 549.79 million a year ago. Net income was USD 76.48 million compared to USD 53.09 million a year ago. Basic earnings per share from continuing operations was USD 1.24 compared to USD 0.85 a year ago. Diluted earnings per share from continuing operations was USD 1.23 compared to USD 0.85 a year ago.
For the full year, sales was USD 2,102.66 million compared to USD 1,827.01 million a year ago. Net income was USD 181.44 million compared to USD 102.79 million a year ago. Basic earnings per share from continuing operations was USD 2.94 compared to USD 1.64 a year ago. Diluted earnings per share from continuing operations was USD 2.92 compared to USD 1.64 a year ago.
Ollie's Bargain Outlet Holdings, Inc. is a retailer of closeout merchandise and excess inventory. The Company principally buys overproduced, overstocked, and closeout merchandise from manufacturers, wholesalers, distributors, brokers, and other retailers. Its warehouse format stores feature a number of categories, including housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics, as well as other products, including hardware, candy, clothing, sporting goods, pet and lawn and garden products. It operates over 513 stores in 30 states. Its retail locations are located in Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, and West Virginia.