Ollie's Bargain Outlet (NasdaqGM:OLLI) Q3 2026 Earnings Call December 09, 2025 08:30 AM ET Company ParticipantsEric van der Valk - President and CEORobert Helm - EVP and CFOJohn Rouleau - Managing Director of Corporate Communications and Business DevelopmentNone - Company RepresentativeLauren Ng - Equity Research AssociateEd Kelly - Managing Director of Equity ResearchMark Carden - Director of Equity ResearchSarah Morin - Equity Research AssociateJosh Young - Equity Research Senior AssociateMary Sport - Equ ...

Core Viewpoint - The article emphasizes the significance of the upcoming earnings season in December for U.S. stocks, highlighting the potential for significant stock price volatility and the effectiveness of options as a tool for investors to amplify returns during this period [1][2]. Earnings Calendar - A detailed schedule of key U.S. companies' earnings releases for December 2025 is provided, including companies like AutoZone, GameStop, Adobe, and Nike, with specific dates and times for earnings announcements [1][2]. Options Strategies - The article outlines five classic options strategies that can be employed during earnings season: - **Buy Call**: A strategy for bullish investors expecting significant price increases [4][6]. - **Bull Call Spread**: A moderate bullish strategy with limited upside potential [7]. - **Buy Put**: A strategy for bearish investors anticipating significant price declines [9]. - **Bear Put Spread**: A moderate bearish strategy with limited downside potential [11]. - **Long Straddle**: A strategy for investors expecting high volatility in either direction [13]. Strategy Details - Each strategy includes specific scenarios for application, initial costs, potential returns, and risk profiles: - **Buy Call**: High potential returns with unlimited upside and maximum loss equal to the premium paid [6]. - **Bull Call Spread**: Limited risk and reward, with a defined maximum profit and loss [7]. - **Buy Put**: Limited maximum profit with a defined risk equal to the premium paid [9]. - **Bear Put Spread**: Similar to the Buy Put but with reduced risk and capped profit [11]. - **Long Straddle**: Captures significant price movements in either direction, with defined risk limited to the total premium paid [13]. Trading Considerations - The article advises investors to focus on the breakeven points of their strategies and to select options with sufficient time until expiration to avoid liquidity issues and time decay [4][6].

美国9月一项关键的通胀指标大体符合市场预期，这进一步为美联储12月降息"放行"了绿灯。此外，美国9月的消费者支出停滞不前，这表明在顽固通胀的压 力下，美国人在该国政府关门之前就已感到财务吃紧。 根据美国经济分析局（BEA）周五公布的数据，美国9月PCE通胀指标如下： 美国9月PCE物价指数环比上涨0.3%，预期0.3%，前值0.3%。 美国9月PCE物价指数同比上涨2.8%，预期2.8%，前值2.7%。虽然较8月上升，但仍处于过去两年的区间内。 由于美国政府关门导致所有数据采集和经济报告暂停，这份报告原定于10月31日发布，但最终被推迟了数周才公布。BEA表示，对于原定于11月26日发布的 10月份数据，其数据发布时间仍未重新安排。 收入超预期，支出低于预期 剔除波动较大的食品和能源价格后，美联储最爱通胀指标核心PCE通胀指标如下： 美国9月核心PCE物价指数环比上涨0.2%，预期0.2%，前值0.2%。 美国9月核心PCE物价指数同比上涨2.8%，彭博社调查预期为2.8%，道琼斯调查预期为2.9%，前值2.9%。 商品价格当月上涨0.5%，为今年以来最大单月涨幅，反映出美国总统特朗普关税政策正持续向美国经济 ...

美股周五早盘，Dollar General股价大涨6%，该公司股价因上调业绩指引及强劲的价值需求而股价跳 涨。 来源：环球市场播报 ...

Group 1 - The US stock market is experiencing significant volatility, nearing historical highs, but concerns over inflation and deteriorating consumer confidence are causing investor uncertainty ahead of the Federal Reserve's final policy meeting of the year [1] - Consumer confidence index has declined for three consecutive months, with over 40% of respondents expressing pessimism about the economic outlook for the next six months [3] - The ADP private sector employment report indicates a substantial drop in new job additions, with a 12% increase in job seekers and a slight rise in the unemployment rate, reigniting discussions about recession risks [3] Group 2 - Despite the negative consumer sentiment, retail performance shows resilience, with Dollar General reporting a 4.3% year-over-year increase in same-store sales, driven by strong demand for food and daily necessities [3] - High-end department store Macy's also reported strong holiday season pre-sale data, with luxury goods sales increasing by 7.1%, indicating that high-income consumers' spending power remains intact [3] - Economists surveyed by The Wall Street Journal expect the overall PCE monthly rate for September to be 0.3%, with core PCE at 0.2%, and annual rates projected to hold at 2.9% for overall PCE and drop to 2.8% for core PCE [3]

展望未来，美国达乐公司预计，2025财年每股收益在6.30美元至6.50美元之间，高于市场预期的6.14美 元，而此前指引为5.80美元至6.30美元；预计其同店销售额将同比增长2.5%至2.7%，而此前指引为2.1% 至2.6%；预计净销售额将增长4.7%至4.9%，而此前指引为4.3%至4.8%。 周四，美国达乐公司(DG.US)涨8%，报118.73美元。该公司三季度盈利超出预期，并上调了年度利润预 期。根据LSEG收集的数据，Q3每股盈利1.28美元，同比增长44%，而分析师的预期为0.95美元。Q3净 销售额为106.5亿美元，略高于106.4亿美元的预期值。 ...

智通财经APP获悉，周四，美国达乐公司(DG.US)涨8%，报118.73美元。该公司三季度盈利超出预期， 并上调了年度利润预期。根据LSEG收集的数据，Q3每股盈利1.28美元，同比增长44%，而分析师的预 期为0.95美元。Q3净销售额为106.5亿美元，略高于106.4亿美元的预期值。 展望未来，美国达乐公司预计，2025财年每股收益在6.30美元至6.50美元之间，高于市场预期的6.14美 元，而此前指引为5.80美元至6.30美元；预计其同店销售额将同比增长2.5%至2.7%，而此前指引为2.1% 至2.6%；预计净销售额将增长4.7%至4.9%，而此前指引为4.3%至4.8%。 ...

此前一天，其竞争对手美元树(DLTR.US)也上调了其年度利润指引。在美国经济不稳定以及劳动力市场 疲软的背景下，折扣店吸引了美国中低收入群体寻求更实惠的选择和更好的季节性优惠。 美国达乐的产品定价策略是保持约 25%的产品价格在 1 美元及以下，以迎合其核心客户群体——年收 入低于 35000 美元的美国家庭。这一策略也使该公司成为这些客户的主要选择。 美国折扣店的超预期业绩发出了一个信号：通胀压力持续存在，且消费者(特别是中低收入群体，以及 日益增加的中产阶级顾客)正在积极寻求节省开支的途径。折扣店的商品通常价格低廉且必需性强。当 这些商店的销售额和客流量增加时，表明消费者对价格高度敏感。 美国达乐和美元树的首席执行官都提到，不仅是传统的核心客户群，连一些中产阶级和富裕人群也开始 转向折扣店购物。这种跨收入阶层的消费转移表明，寻求"价值最大化"已成为普遍的消费趋势，即使是 经济状况较好的家庭也在削减非必要开支。 折扣零售行业本质上具有防御性。在经济放缓或不确定的时期，这类公司的表现往往优于更广泛的零售 业。强劲的业绩表明消费者信心可能并不像其他宏观经济指标显示的那样稳固，许多家庭正在为潜在的 经济下行做准 ...

Core Insights - Ollie's Bargain Outlet Holdings, Inc. is a leading off-price retailer set to release its quarterly earnings on December 9, 2025, with expected EPS of $0.71 and revenue of approximately $614.4 million [1][6] Financial Metrics - The company's price-to-earnings (P/E) ratio is approximately 34.04, indicating a positive market outlook on future earnings potential [3][6] - The price-to-sales ratio stands at about 2.97, reflecting the market's valuation of its revenue [3][6] - The enterprise value to sales ratio is around 3.15, providing insight into the company's valuation relative to its sales [4] - The enterprise value to operating cash flow ratio is approximately 30.44, highlighting market valuation of Ollie's cash flow from operations [4] - The earnings yield is about 2.94%, indicating a return on investment relative to earnings [4] Financial Health - Ollie's maintains a debt-to-equity ratio of approximately 0.37, suggesting a balanced approach to financing [5][6] - The current ratio is about 2.63, demonstrating the company's strong ability to cover short-term liabilities with its short-term assets [5][6]

Core Insights - Five Below, Inc. reported strong financial results for Q3 of fiscal 2025, with an EPS of $0.68, significantly surpassing the estimated $0.22 [2][6] - The company achieved a 23.1% increase in net sales, reaching $1.038 billion, compared to $843.7 million in the same quarter of fiscal 2024 [2][3][6] - Comparable sales grew by 14.3%, indicating effective customer attraction and sales growth [3][6] Financial Performance - Five Below's revenue of approximately $1.038 billion exceeded the estimated $983.5 million, showcasing its strong market position [3] - Operating income improved to $43.3 million, a significant turnaround from an operating loss of $0.6 million in the previous year [3] - The company's price-to-earnings (P/E) ratio stands at 29.23, indicating a premium valuation by investors [4] Market Valuation - The price-to-sales ratio is 2.03, and the enterprise value to sales ratio is 2.40, reflecting the company's market value relative to its revenue and total value [4] - A debt-to-equity ratio of 1.03 indicates balanced financial leverage, while a current ratio of 1.60 suggests the company can comfortably cover its short-term liabilities [5] - The enterprise value to operating cash flow ratio is 19.05, and the earnings yield is 3.42%, providing insights into cash flow valuation and earnings generation [5]