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Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI ) Q2 2024 Earnings Conference Call August 29, 2024 8:30 AM ET Company Participants John Rouleau - IR John Swygert - CEO Eric van der Valk - President Robert Helm - EVP & CFO Conference Call Participants Matthew Boss - JPMorgan Edward Kelly - Wells Fargo Peter Keith - Piper Sandler Kate McShane - Goldman Sachs Joshua Young - Truist Securities Bradley Thomas - KeyBanc Capital Markets Eric Cohen - Gordon Haskett Jeremy Hamblin - Craig-Hallum Melanie Nunez - Bank of America Simeon Gutman - Morgan Stanley Brandon Cheatham - Citigroup Operator Good morning, and welcome to Ollie's Bargain Outlet Conference Call to discuss Financial Results for the Second Quarter of Fiscal Year 2024. Currently, all participants are in a listen-only mode.

Ollie's Bargain Outlet (OLLI) came out with quarterly earnings of $0.78 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.67 per share a year ago.

~ Comparable Store Sales increased 5.8% ~ ~ Earnings per Share increased 16.2% to $0.79 ~ ~ Adjusted Earnings per Share increased 16.4% to $0.78 ~ ~ Raising Fiscal Year Sales and Earnings Outlook ~ HARRISBURG, Pa., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the second quarter ended August 3, 2024.

Ollie's Bargain's (OLLI) second-quarter results are likely to reflect a focus on value-driven merchandise assortment, an expansion of the customer reward program and cost-containment efforts.

Besides Wall Street's top -and-bottom-line estimates for Ollie's Bargain Outlet (OLLI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.

Ollie's (OLLI) expansion of its distribution center in Princeton underscores the company's commitment to delivering exceptional value to customers.

Ollie's Bargain Outlet (OLLI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Here is how Ollie's Bargain Outlet (OLLI) and Symrise AG Unsponsored ADR (SYIEY) have performed compared to their sector so far this year.

HARRISBURG, Pa., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) announced today that it will release its financial results for the second quarter of fiscal year 2024 on Thursday, August 29, 2024, before the market opens.   Following the release, at 8:30 a.m. Eastern Time, the Company's management team will host a conference call to discuss its results.

Ollie's Bargain Outlet (OLLI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.