Ollie’s Bargain Outlet Holdings, Inc. Reports Third Quarter Fiscal 2023 Financial Results
HARRISBURG, Pa., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the third quarter ended October 28, 2023.
- Gross profit increased 17.9% to $194.1 million in the third quarter of fiscal 2023 from $164.7 million in the third quarter of fiscal 2022.
- Operating income increased 32.3% to $39.1 million in the third quarter of fiscal 2023 from $29.5 million in the third quarter of fiscal 2022.
- Operating margin increased 100 basis points to 8.1% in the third quarter of fiscal 2023 from 7.1% in the third quarter of fiscal 2022.
- Adjusted EBITDA(1) increased 29.5% to $51.1 million in the third quarter of fiscal 2023 from $39.5 million in the third quarter of fiscal 2022.