Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q3 2024 Earnings Conference Call December 10, 2024 8:30 AM ET
Company Participants
John Swygert - Chief Executive Officer
Eric van der Valk - President
Robert Helm - Executive Vice President & Chief Financial Officer
Conference Call Participants
Matthew Boss - JPMorgan
Peter Keith - Piper Sandler
Bradley Thomas - KeyBanc Capital Markets
Chuck Grom - Gordon Haskett
Scot Ciccarelli - Truist Securities
Kate McShane - Goldman Sachs
Jeremy Hamblin - Craig-Hallum Capital Group
Anthony Chukumba - Loop Capital Markets
Melanie Nunez - Bank of America
Edward Kelly - Wells Fargo
Mark Carden - UBS
Paul Lejuez - Citigroup
Operator
Good morning and welcome to Ollie's Bargain Outlet Conference Call to discuss the Financial Results for the Third Quarter of Fiscal Year 2024. Currently, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and interactive instructions will follow at that time. Please be advised this call is being recorded and a reproduction of this call, in whole or in part, is not permitted without express written authorization of Ollie's. Joining us on the call today from Ollie's management are John Swygert, Chief Executive Officer; Eric van der Valk [Technical Difficulty].
Certain comments made today may constitute forward-looking statements are made pursuant to the certain comments made today may constitute forward-looking statements and are made pursuant 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. These risks and uncertainties are described in our annual reports on Form 10-K and quarterly reports on Form 10-Q on file with the SEC and in the earnings press release. Forward-looking statements made today are as of today's date of the 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 the most closely comparable GAAP financial measures to the non-GAAP financial measures are included in our earnings press release.
With that said, I'll turn the call over to Mr. Swygert, please go ahead.
John Swygert
Thank you and good morning, everyone. We appreciate you joining our call today. We had another great quarter and are pleased with our results. We delivered strong earnings on higher sales, gross margin and disciplined expense control. Even more important, we also took advantage of a number of real estate opportunities that strengthen our new store pipeline and enhance our competitive positioning for the future. In the quarter, we saw strong demand for everyday consumables such as cleaning supplies, food and candy.