Ollie's Bargain Outlet (OLLI) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Ollie's Bargain Outlet reported revenue of $578.38 million for the quarter ended July 2024, reflecting a 12.4% increase year-over-year [1] - The company's EPS was $0.78, up from $0.67 in the same quarter last year, aligning with the consensus estimate [1] - Revenue exceeded the Zacks Consensus Estimate of $562.37 million by 2.85%, while EPS met the consensus estimate [1] Financial Performance Metrics - Comparable store sales increased by 5.8%, surpassing the estimated 2% by analysts [6] - The number of stores at the end of the period was 525, slightly above the average estimate of 523 [6] - The company opened 9 new stores, exceeding the average estimate of 6 [6] Stock Performance - Ollie's Bargain Outlet shares have returned -3.6% over the past month, contrasting with the Zacks S&P 500 composite's +2.6% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]