$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."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.