Ollie's Bargain Outlet: A Disappointing Report With Some Positive Notes

Daniel Giron
563 Followers

Summary

  • OLLI reported another disappointing report during the third quarter of FYE23.
  • FYE23 has been a year of choppiness, but financials are starting to normalize.
  • Gross profit margin during the third quarter was slightly below 40% (management target).
  • Management continues to buy back shares from the market.
  • Comparable same-store sales finally rebound to positive growth.

Indianapolis - June 2016: Ollie"s Bargain Outlet II

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Following up with my recent article on Ollie's Bargain Outlet Holdings (NASDAQ:OLLI), the company recently announced third quarter results. As such, I dove into the results to see how OLLI performed.

OLLI is a chain of discount retail stores

This article was written by

563 Followers
I am an experienced financial analyst with a background in banking. Throughout my career, I have gained a vast knowledge of credit risk and financial analysis. In my previous role at one of the largest banks in Europe, I was responsible for monitoring a portfolio of over 100 international corporates, which included tasks such as credit analysis, financial analysis, internal ratings, etc. I am a well-educated and passionate finance professional, holding a Master's degree in economics. Over the past four years, I have written over 100 credit rationales for the bank's risk department on international corporates. I am highly skilled in analyzing financial data and identifying risk factors, and I am committed to staying up-to-date with the latest developments in the finance industry. Overall, I am confident in my ability to provide valuable insights and recommendations to assist with investment decisions.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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