Ollie's Q3 net sales rise 7.8% to $517.4 million; fiscal 2024 sales outlook cut
Ollie's reported third-quarter fiscal 2024 net sales up 7.8% to $517.4 million and diluted earnings per share up 13.7% to $0.58, although comparable store sales fell 0.5%. The company also lowered its fiscal 2024 net sales and operating income ranges, which the filing attributes to third-quarter results, so shareholders face a slightly lower outlook despite the profit gain.
Key points
- Diluted EPS of $0.58 versus $0.51 a year earlier; net income of $35.9 million
- Comparable store sales decreased 0.5%, against a prior-year increase of 7.0%
- Fiscal 2024 net sales outlook now $2.270 to $2.280 billion, down from $2.276 to $2.291 billion
- Eric van der Valk will become CEO at the beginning of fiscal 2025, per CEO John Swygert
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 December 10, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.