Ollie's Bargain Outlet Q2 EPS rises 16.2% to $0.79; raises fiscal 2024 outlook
Ollie's Bargain Outlet reported second-quarter fiscal 2024 net sales up 12.4% to $578.4 million and diluted earnings per share up to $0.79 from $0.68, with comparable store sales up 5.8%. The company raised its fiscal 2024 net sales and earnings outlook, which matters to shareholders because it signals higher expected sales and profit for the year, though gross margin declined 30 basis points.
Key points
- Net sales rose 12.4% to $578.4 million; comparable store sales rose 5.8% versus a 7.9% prior-year increase.
- Diluted EPS was $0.79 versus $0.68 a year earlier; adjusted diluted EPS was $0.78 versus $0.67.
- Fiscal 2024 net sales outlook raised to $2.276 to $2.291 billion from $2.257 to $2.277 billion.
- Fiscal 2024 adjusted EPS outlook raised to $3.22 to $3.30 from $3.18 to $3.28; gross margin was 37.9%, down from 38.2%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 29, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.