Ollie's Bargain Outlet Reports EPS Beat, Revenue Miss, Lowers 2022 Guidance, Shares Up 6%
<p><a href='https://financialmodelingprep.com/financial-summary/OLLI'>Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) </a>shares rose more than 6% Thursday afternoon following the company’s reported Q4 results, with EPS coming in at $0.69, beating the consensus estimate of $0.66. However, the company’s revenue of $501.1 million missed the consensus estimate of $513.13. Furthermore, margins declined due to supply chain costs, and it is expected that these costs will remain elevated in 2022, especially in the first half of the year.</p>
<p>The company revised its initial full 2022-year guidance lower,  now expecting EPS to range from $2.15 to $2.22, compared to the consensus estimate of $2.36. </p>
<p>Analysts at RBC Capital said they are encouraged by the fact that management expects fiscal 2023 to be back on algorithm, but anticipate investors will tread with caution near-term.</p>

NASDAQ:OLLI