Ollie's Bargain Outlet Shares Surge 10% on Q4 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/OLLI'>Ollie's Bargain Outlet (NASDAQ:OLLI)</a> shares jumped nearly 10% on Wednesday after the company reported its Q4 results, with EPS of $0.84 coming in better than the Street estimate of $0.79. Revenue was $549.8 million, beating the Street estimate of $542.18 million.</p>
<p>The company provided its outlook for fiscal 2023, expecting EPS in the range of $2.49-$2.58, compared to the Street estimate of $2.38, and revenue in the range of $2.036-2.058 billion, compared to the Street estimate of $2 billion.</p>
<p>While RBC Capital analysts believe the team still has more to prove, they believe sequential progress is evidence of the fact that 2021/2022 weakness was not driven by structural changes to the business. Looking forward, the analysts expect more stable top-line trends led by inventory availability, a somewhat less promotional retail environment plus consumer tradedown. The analysts also expect steady gross margin improvement on the back of easing supply chain costs.</p>

NASDAQ:OLLI