Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q3 2023 Earnings Call Transcript December 6, 2023 8:30 AM ET
Company Participants
John Swygert - President & CEO
Eric van der Valk - EVP, COO
Rob Helm - SVP, CFO
Conference Call Participants
Brad Thomas - KeyBanc Capital Markets
Peter Keith - Piper Sandler
Kate McShane - Goldman Sachs
Edward Kelly - Wells Fargo
Jason Haas - Bank of America
Eric Cohen - Gordon Haskett
Jeremy Hamblin - Craig-Hallum Capital Group
Matthew Boss - JPMorgan
Scot Ciccarelli - Truist
Mark Carden - UBS
Brandon Cheatham - Citi
Operator
Good morning, and welcome to Ollie's Bargain Outlet's Conference Call to discuss financial results for the third quarter fiscal 2023. Currently, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and an interactive instruction will follow at that time. Please be advised that this call is being recorded and the reproduction of this call in whole or in part is not permitted without the express written authorization of Ollie's.
Joining us today's call from Ollie's management are John Swygert, President, and Chief Executive Officer; Eric van der Valk, Executive Vice President, and Chief Operating Officer; and Rob Helm, Senior Vice President, and Chief Financial Officer.
Certain comments made today may constitute forward-looking statements and are made pursuant to and within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 as amended. Such forward-looking statements are subject to both known and unknown risks and uncertainties that could cause actual results to differ materially from such statements. Those risks and uncertainties are described in our fiscal 2022 Form 10-K, dated March 24, 2023, and fiscal 2023 periodic reports on file with the SEC and the earnings press release. Forward-looking statements made today are as of the date of this call and we do not undertake any obligation to update these statements. On today's call, the company will also be referring to certain non-GAAP financial measures. Reconciliation of those most closely comparable GAAP financial measures to the non-GAAP financial measures are included in our earnings press release.
With that said, I will now turn the call over to Mr. Swygert. Please go ahead, sir.
John Swygert
Thank you, and good morning everyone. We appreciate you joining our call today. We had another strong quarter and are pleased with the positive trends in our business. Our third quarter sales and margins came in ahead of our expectations, driven by strong deal flow, lower supply chain cost and continued execution throughout the organization.