Ollie's Bargain Outlet Holdings Inc (OLLI) reported quarterly earnings results on Wednesday, Aug-31-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.18. The company posted revenue of $211.30 million in the period, compared to analysts expectations of $207.61 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Ollie's Bargain Outlet Holdings Inc closed down -0.34 points or -1.29% at $26.08 with 5,00,214 shares getting traded on Monday. Post opening the session at $26.9, the shares hit an intraday low of $25.97 and an intraday high of $26.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 24, 2016, John W Swygert (EVP, CFO) sold 15,000 shares at $28.03 per share price. According to the SEC, on Aug 24, 2016, Omar Segura (SVP, Store Operations) sold 21,083 shares at $28.03 per share price. On Aug 12, 2016, Kenneth Robert Bertram (VP and General Counsel) sold 10,000 shares at $27.49 per share price, according to the Form-4 filing with the securities and exchange commission.
Ollie’s Bargain Outlet Holdings Inc. is a retailer of closeouts excess inventory and salvage merchandise. The Company through its wholly owned subsidiary Ollie’s Bargain Outlet Inc. offers products of various categories including housewares food books and stationery bed and bath floor coverings toys and hardware. It offers products under various brands such as Ollie’s Ollie’s Bargain Outlet Ollie’s Army Real Brands! Real Bargains! and Good Stuff Cheap. The Company operates approximately through approximately 185 stores across 16 states including Alabama Delaware Georgia Indiana Kentucky Maryland Michigan New Jersey New York North Carolina Ohio Pennsylvania South Carolina Tennessee Virginia and West Virginia. It owns several domain names including www.ollies.us www.olliesbargainoutlet.com www.olliesarmy.com www.ollies.cheap www.sarasotabreeze.com and www.olliesmail.com.