Ollie's Bargain Outlet Holdings, Inc. Reports Sales Results for the Nine-Week Period Ended December 31, 2016; Revised Earnings Guidance for the Fiscal Year Ending January 28, 2017
January 09, 2017 at 06:00 pm IST
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Ollie's Bargain Outlet Holdings, Inc. reported sales results for the nine-week period ended December 31, 2016. For the period, total sales
increased 16.3%, with a comparable store sales increase of 1.9%.
Based on the trends to date, the company currently estimates the following results for the fiscal year ending January 28, 2017: Total net sales of approximately $888 million; Comparable store sales growth of approximately 3.0%; net income per diluted share (GAAP) of approximately $0.93; excluding transaction expenses, Adjusted net income per diluted share of approximately $0.94. This updates the guidance provided by the company on December 7, 2016, which included expectations of net sales, net income per diluted share (GAAP), and Adjusted net income per diluted share for the fiscal year ending January 28, 2017, of $882 million to $885 million, $0.91 to $0.92, and $0.92 to $0.93, respectively.
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.
Ollie's Bargain Outlet Holdings, Inc. Reports Sales Results for the Nine-Week Period Ended December 31, 2016; Revised Earnings Guidance for the Fiscal Year Ending January 28, 2017
OLLIE'S BARGAIN OUTLET HOLDINGS, INC. 
