$OLLI Ollie's Bargain Outlet beats by $0.03, reports revs in-line; guides FY17 EPS above consensus, revs in-line; OctQ comps 1.8% Font size: A | A | A
4:12 PM ET 12/7/16 | Briefing.com Reports Q3 (Oct) earnings of $0.17 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.14; revenues rose 15.7% year/year to $202.0 mln vs the $201.5 mln Capital IQ Consensus. Co issues guidance for FY17, sees EPS of $0.92-0.93, excluding non-recurring items, vs. $0.90 Capital IQ Consensus Estimate; sees FY17 revs of $882-885 mln vs. $883.9 mln Capital IQ Consensus Estimate.OctQ comps increased +1.8%; co reaffirms FY17 comp guidance of +2.5-3.0%.Co opened 16 new stores during the quarter and ended the quarter with a total of 232 stores in 19 states, an increase of 16.0% YoY."We are pleased with our strong [OctQ] results and the continued momentum of our business...We are opening stores in the mid-teens rate, growing comparable store sales, leveraging expenses, growing net income greater than 20%, building deeper vendor relationships, and gaining greater access to product."
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