$OLLI Long over 105 Multi-year break out!
Ollie’s Bargain Outlet Holdings, Inc. Provides Second Quarter Outlook
Ollie's Bargain Outlet Holdings Inc :
• OLLIE’S BARGAIN OUTLET HOLDINGS, INC. PROVIDES SECOND QUARTER OUTLOOK
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS TOTAL NET SALES OF ABOUT $515 MILLION
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS COMPARABLE STORE SALES GROWTH OF ABOUT 40%
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS GROSS MARGIN OF APPROXIMATELY 39%
Ollie's Bargain Outlet sees Q2 revs above consensus
Co issues upside guidance for Q2 (Jul), sees Q2 (Jul) revs of ~$515 mln vs. $388.35 mln S&P Capital IQ Consensus.
Other Q2 Guidance:
Comparable store sales growth of approximately 40%;
Gross margin of approximately 39%, returning to historical second quarter levels;
Operating margin1 of approximately 16%
"The robust comparable store sales growth has decelerated in recent weeks, tracking in the positive mid-teens, and we expect growth to continue to moderate in the third and fourth quarters."
Ollie's Bargain Outlet Holdings Inc :
• OLLIE’S BARGAIN OUTLET HOLDINGS, INC. PROVIDES SECOND QUARTER OUTLOOK
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS TOTAL NET SALES OF ABOUT $515 MILLION
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS COMPARABLE STORE SALES GROWTH OF ABOUT 40%
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS GROSS MARGIN OF APPROXIMATELY 39%
Ollie's Bargain Outlet sees Q2 revs above consensus
Co issues upside guidance for Q2 (Jul), sees Q2 (Jul) revs of ~$515 mln vs. $388.35 mln S&P Capital IQ Consensus.
Other Q2 Guidance:
Comparable store sales growth of approximately 40%;
Gross margin of approximately 39%, returning to historical second quarter levels;
Operating margin1 of approximately 16%
"The robust comparable store sales growth has decelerated in recent weeks, tracking in the positive mid-teens, and we expect growth to continue to moderate in the third and fourth quarters."