Ollie’s Bargain Outlet Holdings, Inc. Reports Record Fourth Quarter and Fiscal 2020 Financial Results
Ollie's Bargain Outlet reported strong financial results for Q4 and full-year fiscal 2020, with total net sales rising 22.1% to $515.8 million in Q4 and 28.4% to $1.809 billion for the year. Comparable store sales increased by 8.8% and 15.6%, respectively. Diluted EPS grew 27.3% to $0.98 in Q4 and 72.0% to $3.68 for the year. The company announced a $100 million increase in its share repurchase program, now totaling $200 million. Despite these positive results, guidance for fiscal 2021 is not provided due to ongoing COVID-19 uncertainties.
- Total net sales increased 28.4% to $1.809 billion for fiscal 2020.
- Diluted EPS rose 72.0% to $3.68, reflecting strong financial performance.
- Comparable store sales increased 15.6% for the full year, indicating growth.
- No guidance provided for fiscal 2021 due to pandemic uncertainties.
Company Announces
Fourth Quarter Total Net Sales Increase
Comparable Store Sales Increase
Diluted EPS Increases
Increases
Full-Year Total Net Sales Increase
Comparable Store Sales Increase
Diluted EPS Increases
Increases
HARRISBURG, Pa., March 18, 2021 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the fourth quarter and full-year fiscal 2020.
Fourth Quarter Summary:
- Total net sales increased
22.1% to$515.8 million . - Comparable store sales increased
8.8% . - The Company opened 4 new stores and closed one location, ending the quarter with 388 stores in 25 states, a year-over-year increase in store count of
12.5% . - Operating income increased
31.2% to$84.7 million . Adjusted operating income(1) increased31.7% to$84.5 million and adjusted operating margin(1) increased 120 basis points to16.4% . - Net income increased
28.6% to$64.7 million and net income per diluted share increased27.3% to$0.98 . - Adjusted net income(1) increased
31.0% to$63.8 million and adjusted net income per diluted share(1) increased31.1% to$0.97 . - Adjusted EBITDA(1) increased
32.9% to$92.1 million and adjusted EBITDA margin(1) increased 150 basis points to17.9% .
John Swygert, President and Chief Executive Officer, stated, “We delivered a record fourth quarter performance, capping off the best full-year results in Ollies’ 38-year history. Sales increased
Mr. Swygert continued, “Throughout this year we successfully leveraged our expertise and relationships in the closeout industry to secure the very best deals for our customers’ changing needs. Our deal flow remains as strong as ever and we will continue to choose only the best deals for our customers. Comparable store sales growth is tracking in the high-single digits quarter-to-date. We are pleased with our current sales trends and believe we are well-positioned to deliver solid first quarter performance. We feel great about the underlying business trends and will continue to manage our business with the same resolve and flexibility that drove our success in fiscal 2020. Based on our proven business model, our strong financial position, and the opportunities in front of us, we are bullish on our ability to drive profitable growth and deliver on our long-term growth algorithm into the future. It is this confidence and our ongoing commitment to increasing shareholder value that has us excited to announce another
Fiscal Year Summary:
- Total net sales increased
28.4% to$1.80 9 billion. - Comparable store sales increased
15.6% . - The Company opened 46 new stores in fiscal 2020.
- Operating income increased
61.5% to$277.5 million . Adjusted operating income(1) increased62.3% to$277.3 million and adjusted operating margin(1) increased 320 basis points to15.3% . - Net income increased
72.0% to$242.7 million and net income per diluted share increased72.0% to$3.68 . - Adjusted net income(1) increased
61.1% to$208.0 million and adjusted net income per diluted share(1) increased61.2% to$3.16 . - Adjusted EBITDA(1) increased
56.4% to$306.5 million and adjusted EBITDA margin(1) increased 300 basis points to16.9% .
(1) As used throughout this release, adjusted operating income, adjusted net income, adjusted net income per diluted share, EBITDA and adjusted EBITDA are not measures recognized under U.S. generally accepted accounting principles (“GAAP”). Please see the accompanying financial tables which reconcile GAAP to these non-GAAP measures.
Increase in Share Repurchase Authorization
On March 16, 2021, the Board of Directors of the Company authorized a
The shares may be purchased from time to time in open market transactions (including blocks), privately negotiated transactions, accelerated share repurchase programs or other derivative transactions, issuer self-tender offers or any combination of the foregoing. The timing of repurchases and the actual amount purchased will depend on a variety of factors, including the market price of the Company’s shares, general market and economic conditions, and other corporate considerations.
Repurchases may be made pursuant to plans intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, which could allow the Company to purchase its shares during periods when it otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. Repurchases are expected to be funded from cash on hand or through the utilization of the Company’s revolving credit facility. The increased repurchase authorization does not require the purchase of a specific number of shares.
Fiscal 2021 Guidance
In the first quarter of fiscal 2020, the Company announced it would not provide guidance given the uncertainties regarding the duration and severity of the impact of COVID-19. Considering continued uncertainties regarding the pace of economic recovery and consumer demand amidst the ongoing pandemic, the Company is similarly not providing guidance for fiscal 2021.
Fourth Quarter Results
Net sales increased
Gross profit increased
Selling, general and administrative expenses increased
As a percentage of net sales, selling, general and administrative expenses, exclusive of the insurance settlements gains, decreased 40 basis points to
Operating income increased
Net income increased
Adjusted EBITDA(1) increased
Fiscal 2020 Results
Net sales totaled
Gross profit increased
Selling, general and administrative expenses, exclusive of
Adjusted operating income(1), which excludes the gains from the insurance settlements, increased
Net income increased
Adjusted EBITDA (1) increased
Balance Sheet and Cash Flow Highlights
The Company's cash and cash equivalents balance as of the end of fiscal 2020 was
Inventories as of the end of fiscal 2020 increased
Capital expenditures in fiscal 2020, primarily for new and existing stores, totaled
Conference Call Information
A conference call to discuss fourth quarter and full-year fiscal 2020 financial results is scheduled for today, March 18, 2021, at 4:30 p.m. Eastern Time. Investors and analysts can participate on the conference call by dialing (800) 219-7052 or (574) 990-1029 and using conference ID #6897141. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the investor relations section on the Company’s website at http://investors.ollies.us/. The replay of the conference call webcast will be available at the investor relations website for one year.
About Ollie’s
We are a highly differentiated and fast growing, extreme value retailer of brand name merchandise at drastically reduced prices. We are known for our assortment of merchandise offered as Good Stuff Cheap®. We offer name brand products, Real Brands! Real Bargains!®, in every department, including housewares, food, books and stationery, bed and bath, floor coverings, toys, health and beauty aids and other categories. We currently operate 394 stores in 25 states throughout half of the United States. For more information, visit www.ollies.us.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections, the outlook for the Company’s future business, prospects, financial performance, including our fiscal 2021 business outlook or financial guidance, and industry outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, including, but not limited to, legislation, national trade policy, and the following: our failure to adequately procure and manage our inventory or anticipate consumer demand; changes in consumer confidence and spending; risks associated with intense competition; our failure to open new profitable stores, or successfully enter new markets, on a timely basis or at all; the risks associated with doing business with international manufacturers and suppliers including, but not limited to, potential increases in tariffs on imported goods; outbreak of viruses or widespread illness, including the continued impact of COVID-19 and continuing or renewed regulatory responses thereto; our inability to operate our stores due to civil unrest and related protests or disturbances; our failure to properly hire and to retain key personnel and other qualified personnel; risks associated with the timely and effective deployment, protection and defense of computer networks and other electronic systems, including email; our inability to obtain favorable lease terms for our properties; the failure to timely acquire, develop and open, the loss of, or disruption or interruption in the operations of, our centralized distribution centers; fluctuations in comparable store sales and results of operations, including on a quarterly basis; risks associated with our lack of operations in the growing online retail marketplace; risks associated with litigation, the expense of defense, and potential for adverse outcomes; our inability to successfully develop or implement our marketing, advertising and promotional efforts; the seasonal nature of our business; risks associated with natural disasters, whether or not caused by climate change; changes in government regulations, procedures and requirements; and our ability to service indebtedness and to comply with our financial covenants together with each of the other factors set forth under “Risk Factors” in our filings with the United States Securities and Exchange Commission (“SEC”). Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Ollie’s undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and SEC filings.
Investor Contact:
Jean Fontana
ICR
646-277-1214
Jean.Fontana@icrinc.com
Media Contact:
Tom Kuypers
Senior Vice President – Marketing & Advertising
717-657-2300
tkuypers@ollies.us
Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Statements of Income
(In thousands except for per share amounts)
(Unaudited)
| 13 Weeks | 13 Weeks | 52 Weeks | 52 Weeks | ||||||||||||||
| Ended | Ended | Ended | Ended | ||||||||||||||
| January 30, | February 1, | January 30, | February 1, | ||||||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||||||
| Net sales | $ | 515,763 | $ | 422,431 | $ | 1,808,821 | $ | 1,408,199 | |||||||||
| Cost of sales | 311,106 | 256,891 | 1,085,455 | 852,610 | |||||||||||||
| Gross profit | 204,657 | 165,540 | 723,366 | 555,589 | |||||||||||||
| Selling, general and administrative expenses | 114,190 | 94,897 | 418,889 | 356,060 | |||||||||||||
| Depreciation and amortization expenses | 4,409 | 3,895 | 16,705 | 14,582 | |||||||||||||
| Pre-opening expenses | 1,349 | 2,161 | 10,272 | 13,092 | |||||||||||||
| Operating income | 84,709 | 64,587 | 277,500 | 171,855 | |||||||||||||
| Interest income, net | (76 | ) | (219 | ) | (278 | ) | (878 | ) | |||||||||
| Income before income taxes | 84,785 | 64,806 | 277,778 | 172,733 | |||||||||||||
| Income tax expense | 20,125 | 14,519 | 35,082 | 31,603 | |||||||||||||
| Net income | $ | 64,660 | $ | 50,287 | $ | 242,696 | $ | 141,130 | |||||||||
| Earnings per common share: | |||||||||||||||||
| Basic | $ | 0.99 | $ | 0.80 | $ | 3.75 | $ | 2.23 | |||||||||
| Diluted | $ | 0.98 | $ | 0.77 | $ | 3.68 | $ | 2.14 | |||||||||
| Weighted average common shares outstanding: | |||||||||||||||||
| Basic | 65,426 | 62,980 | 64,748 | 63,214 | |||||||||||||
| Diluted | 66,096 | 65,347 | 65,873 | 65,874 | |||||||||||||
| Percentage of net sales(1) | |||||||||||||||||
| Net sales | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||
| Cost of sales | 60.3 | 60.8 | 60.0 | 60.5 | |||||||||||||
| Gross profit | 39.7 | 39.2 | 40.0 | 39.5 | |||||||||||||
| Selling, general and administrative expenses | 22.1 | 22.5 | 23.2 | 25.3 | |||||||||||||
| Depreciation and amortization expenses | 0.9 | 0.9 | 0.9 | 1.0 | |||||||||||||
| Pre-opening expenses | 0.3 | 0.5 | 0.6 | 0.9 | |||||||||||||
| Operating income | 16.4 | 15.3 | 15.3 | 12.2 | |||||||||||||
| Interest income, net | — | (0.1 | ) | — | (0.1 | ) | |||||||||||
| Income before income taxes | 16.4 | 15.3 | 15.4 | 12.3 | |||||||||||||
| Income tax expense | 3.9 | 3.4 | 1.9 | 2.2 | |||||||||||||
| Net income | 12.5 | % | 11.9 | % | 13.4 | % | 10.0 | % | |||||||||
| (1) Components may not add to totals due to rounding. | |||||||||||||||||
Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)
| January 30, | February 1, | |||||||
| Assets | 2021 | 2020 | ||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 447,126 | $ | 89,950 | ||||
| Inventories | 353,704 | 335,181 | ||||||
| Accounts receivable | 621 | 2,840 | ||||||
| Prepaid expenses and other assets | 7,316 | 5,567 | ||||||
| Total current assets | 808,767 | 433,538 | ||||||
| Property and equipment, net | 138,712 | 132,084 | ||||||
| Operating lease right-of-use assets | 380,546 | 352,684 | ||||||
| Goodwill | 444,850 | 444,850 | ||||||
| Trade name | 230,559 | 230,559 | ||||||
| Other assets | 2,421 | 2,532 | ||||||
| Total assets | $ | 2,005,855 | $ | 1,596,247 | ||||
| Liabilities and Stockholders’ Equity | ||||||||
| Current liabilities: | ||||||||
| Current portion of long-term debt | $ | 328 | $ | 273 | ||||
| Accounts payable | 117,217 | 63,223 | ||||||
| Income taxes payable | 10,960 | 3,906 | ||||||
| Current portion of operating lease liabilities | 64,732 | 53,551 | ||||||
| Accrued expenses and other | 90,559 | 56,732 | ||||||
| Total current liabilities | 283,796 | 177,685 | ||||||
| Revolving credit facility | - | - | ||||||
| Long-term debt | 656 | 527 | ||||||
| Deferred income taxes | 65,064 | 59,401 | ||||||
| Long-term operating lease liabilities | 321,454 | 299,743 | ||||||
| Other long-term liabilities | 4 | 6 | ||||||
| Total liabilities | 670,974 | 537,362 | ||||||
| Stockholders’ equity: | ||||||||
| Common stock | 66 | 64 | ||||||
| Additional paid-in capital | 648,949 | 615,350 | ||||||
| Retained earnings | 726,267 | 483,571 | ||||||
| Treasury - common stock | (40,401 | ) | (40,100 | ) | ||||
| Total stockholders’ equity | 1,334,881 | 1,058,885 | ||||||
| Total liabilities and stockholders’ equity | $ | 2,005,855 | $ | 1,596,247 | ||||
Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
| 13 Weeks | 13 Weeks | 52 Weeks | 52 Weeks | |||||||||||||
| Ended | Ended | Ended | Ended | |||||||||||||
| January 30, | February 1, | January 30, | February 1, | |||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| Net cash provided by operating activities | $ | 125,340 | $ | 91,072 | $ | 361,254 | $ | 105,344 | ||||||||
| Net cash used in investing activities | (4,617 | ) | (12,323 | ) | (30,448 | ) | (34,124 | ) | ||||||||
| Net cash provided by (used in) financing activities | 878 | 1,100 | 26,370 | (33,211 | ) | |||||||||||
| Net increase in cash and cash equivalents | 121,601 | 79,849 | 357,176 | 38,009 | ||||||||||||
| Cash and cash equivalents at the beginning of the period | 325,525 | 10,101 | 89,950 | 51,941 | ||||||||||||
| Cash and cash equivalents at the end of the period | $ | 447,126 | $ | 89,950 | $ | 447,126 | $ | 89,950 | ||||||||
Ollie’s Bargain Outlet Holdings, Inc.
Supplemental Information
Reconciliation of GAAP to Non-GAAP Financial Measures
(Dollars in thousands)
(Unaudited)
The Company reports its financial results in accordance with GAAP. We have included the non-GAAP measures of adjusted operating income, EBITDA, adjusted EBITDA, adjusted net income and adjusted net income per diluted share in this press release as these are key measures used by our management and our board of directors to evaluate our operating performance and the effectiveness of our business strategies, make budgeting decisions, and evaluate compensation decisions. Management believes it is useful to investors and analysts to evaluate these non-GAAP measures on the same basis as management uses to evaluate the Company’s operating results. We believe that excluding items that may not be indicative of, or are unrelated to, our core operating results, and that may vary in frequency or magnitude from net income and net income per diluted share, enhances the comparability of our results and provides a better baseline for analyzing trends in our business.
The tables below reconcile the most directly comparable GAAP measure to non-GAAP financial measures: operating income to adjusted operating income, net income to adjusted net income, net income per diluted share to adjusted net income per diluted share, and net income to EBITDA and adjusted EBITDA.
Adjusted operating income excludes gains associated with insurance settlements. Adjusted net income and adjusted net income per diluted share exclude excess tax benefits related to stock-based compensation and the after-tax gains associated with the insurance settlements, both of which may not occur with the same frequency or magnitude in future periods. We define EBITDA as net income before net interest income or expense, depreciation and amortization expenses and income taxes. Adjusted EBITDA represents EBITDA as further adjusted for non-cash stock-based compensation expense as well as the aforementioned gains from insurance settlements.
Non-GAAP financial measures should be viewed as supplementing, and not as an alternative to or substitute for, the Company’s financial results prepared in accordance with GAAP. Certain of the items that may be excluded or included in non-GAAP financial measures may be significant items that could impact the Company's financial position, results of operations and cash flows and should therefore be considered in assessing the Company's actual financial condition and performance. The methods used by the Company to calculate its non-GAAP financial measures may differ significantly from methods used by other companies to compute similar measures. As a result, any non-GAAP financial measures presented herein may not be comparable to similar measures provided by other companies.
Reconciliation of GAAP operating income to adjusted operating income
| 13 Weeks | 13 Weeks | 52 Weeks | 52 Weeks | ||||||||||||||
| Ended | Ended | Ended | Ended | ||||||||||||||
| January 30, | February 1, | January 30, | February 1, | ||||||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||||||
| Operating income | $ | 84,709 | $ | 64,587 | $ | 277,500 | $ | 171,855 | |||||||||
| Gain from insurance settlements | (247 | ) | (464 | ) | (247 | ) | (1,029 | ) | |||||||||
| Adjusted operating income | $ | 84,462 | $ | 64,123 | $ | 277,253 | $ | 170,826 | |||||||||
Ollie’s Bargain Outlet Holdings, Inc.
Supplemental Information
Reconciliation of GAAP to Non-GAAP Financial Measures
(In thousands except for per share amounts)
(Unaudited)
Reconciliation of GAAP net income to adjusted net income
| 13 Weeks | 13 Weeks | 52 Weeks | 52 Weeks | ||||||||||||||
| Ended | Ended | Ended | Ended | ||||||||||||||
| January 30, | February 1, | January 30, | February 1, | ||||||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||||||
| Net income | $ | 64,660 | $ | 50,287 | $ | 242,696 | $ | 141,130 | |||||||||
| Gain from insurance settlements | (247 | ) | (464 | ) | (247 | ) | (1,029 | ) | |||||||||
| Adjustment to provision for income taxes (1) | 62 | 118 | 62 | 262 | |||||||||||||
| Excess tax benefits related to stock-based compensation (2) | (691 | ) | (1,262 | ) | (34,469 | ) | (11,230 | ) | |||||||||
| Adjusted net income | $ | 63,784 | $ | 48,679 | $ | 208,042 | $ | 129,133 | |||||||||
(1) The effective tax rate used for the adjustment to the provision for income taxes was the normalized effective tax rate in the quarter in which the related costs (gains from insurance settlements) were incurred.
(2) Amount represents the impact from the recognition of excess tax benefits pursuant to Accounting Standards Update 2016-09, Stock Compensation.
Reconciliation of GAAP net income per diluted share to adjusted net income per diluted share
| 13 Weeks | 13 Weeks | 52 Weeks | 52 Weeks | |||||||||||||||
| Ended | Ended | Ended | Ended | |||||||||||||||
| January 30, | February 1, | January 30, | February 1, | |||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||||
| Net income per diluted share | $ | 0.98 | $ | 0.77 | $ | 3.68 | $ | 2.14 | ||||||||||
| Adjustments as noted above, per dilutive share: | ||||||||||||||||||
| Gain from insurance settlements, net of taxes | - | (0.01 | ) | - | (0.01 | ) | ||||||||||||
| Excess tax benefits related to stock-based compensation | (0.01 | ) | (0.02 | ) | (0.52 | ) | (0.17 | ) | ||||||||||
| Adjusted net income per diluted share (1) | $ | 0.97 | $ | 0.74 | $ | 3.16 | $ | 1.96 | ||||||||||
| Diluted weighted-average common shares outstanding | 66,096 | 65,347 | 65,873 | 65,874 | ||||||||||||||
| (1) Totals may not foot due to rounding. | ||||||||||||||||||
Ollie’s Bargain Outlet Holdings, Inc.
Supplemental Information
Reconciliation of GAAP to Non-GAAP Financial Measures
(Dollars in thousands)
(Unaudited)
Reconciliation of GAAP net income to EBITDA and adjusted EBITDA
| 13 Weeks | 13 Weeks | 52 Weeks | 52 Weeks | ||||||||||||||
| Ended | Ended | Ended | Ended | ||||||||||||||
| January 30, | February 1, | January 30, | February 1, | ||||||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||||||
| Net income | $ | 64,660 | $ | 50,287 | $ | 242,696 | $ | 141,130 | |||||||||
| Interest income, net | (76 | ) | (219 | ) | (278 | ) | (878 | ) | |||||||||
| Depreciation and amortization expenses | 5,899 | 4,725 | 22,746 | 17,853 | |||||||||||||
| Income tax expense | 20,125 | 14,519 | 35,082 | 31,603 | |||||||||||||
| EBITDA | 90,608 | 69,312 | 300,246 | 189,708 | |||||||||||||
| Gain from insurance settlements | (247 | ) | (464 | ) | (247 | ) | (1,029 | ) | |||||||||
| Non-cash stock-based compensation expense | 1,746 | 447 | 6,501 | 7,302 | |||||||||||||
| Adjusted EBITDA | $ | 92,107 | $ | 69,295 | $ | 306,500 | $ | 195,981 | |||||||||
| Key Statistics | |||||||||||||||||
| 13 Weeks | 13 Weeks | 52 Weeks | 52 Weeks | ||||||||||||||
| Ended | Ended | Ended | Ended | ||||||||||||||
| January 30, | February 1, | January 30, | February 1, | ||||||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||||||
| Number of stores open at beginning of period | 385 | 345 | 345 | 303 | |||||||||||||
| Number of new stores | 4 | - | 46 | 42 | |||||||||||||
| Number of closed stores | (1 | ) | - | (4 | ) | - | |||||||||||
| Number of stores re-opened | - | - | 1 | - | |||||||||||||
| Number of stores open at end of period | 388 | 345 | 388 | 345 | |||||||||||||
| Average net sales per store (in thousands) (1) | $ | 1,321 | $ | 1,220 | $ | 4,866 | $ | 4,234 | |||||||||
| Comparable stores sales change | 8.8 | % | (4.9 | )% | 15.6 | % | (2.1 | )% | |||||||||
| Comparable store count – end of period | 339 | 288 | 339 | 288 | |||||||||||||
Key Statistics
(1) Average net sales per store represents the weighted average of total net weekly sales divided by the number of stores open at the end of each week for the respective periods presented.
FAQ
What are the Q4 2020 financial results for OLLI?
What was Ollie's full-year 2020 diluted EPS?
How much has Ollie's increased its share repurchase authorization?
Is Ollie's providing guidance for fiscal 2021?
