HARRISBURG, Pa. (AP) – Ollie’s Bargain Outlet Holdings Inc. (OLLI) on Wednesday reported fiscal fourth-quarter earnings of $53.1 million.
On a per-share basis, the Harrisburg, Pennsylvania-based company said it had a net income of 85 cents. Earnings, adjusted for non-recurring gains, were 84 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The retailer posted revenue of $549.8 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $542.9 million.
For the year, the company reported a profit of $102.8 million, or $1.64 per share. Revenue was reported as $1.83 billion.
Ollie’s Bargain Outlet expects full-year earnings in the range of $2.49 to $2.58 per share, with revenue in the range of $2.04 billion to $2.06 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OLLI at https://www.zacks.com/ap/OLLI