HARRISBURG, Pa. (AP) — HARRISBURG, Pa. (AP) — Ollie’s Bargain Outlet Holdings Inc. (OLLI) on Wednesday reported fiscal fourth-quarter profit of $68.6 million.
The Harrisburg, Pennsylvania-based company said it had profit of $1.11 per share. Earnings, adjusted for non-recurring costs, came to $1.19 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The retailer posted revenue of $667.1 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $672.1 million.
For the year, the company reported profit of $199.8 million, or $3.23 per share. Revenue was reported as $2.27 billion.
Ollie’s Bargain Outlet expects full-year earnings in the range of $3.65 to $3.75 per share, with revenue in the range of $2.56 billion to $2.59 billion.
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