He said the firm saw strong sales throughout the holiday season, particularly in the week of Black Friday, Ollie’s Army Night, and the weeks before and after Christmas.
As a result, total sales for the year to January 30 are expected to be around US$760mln, 19% ahead of the previous year, with net income jumping 37% to US$37mln.
For the nine-week period to January 2, 2016, total sales increased 23% with a comparable store sales increase of 5.6%.
Mark Butler, chairman, and chief executive, said: “Our customers know a bargain when they see it, and they responded very favorably to our product offering over the nine week period.
Budget retailer Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) hailed strong sales during the holiday period.
The extreme value retailer, which sells household name brand products, made the announcement at the ICR conference in Orlando, Florida.
Melbourne established its pizza credentials long ago. Toto’s, our first pizzeria, opened on Lygon Street in 1961. Although Neapolitan-style pizza – woodfired, crisp at the edges, pliant in the middle – has come to dominate our restaurants since, a new generation has being doing some tinkering. The results are interesting – it’s now easy to find pizzas that go toe-to-toe with the best Neapolitan interpretations, despite being cooked in electric ovens or using something other than the revered San Marzano tomato. And as much as we love staunchly traditional pizzas, it’s hard to beat the excitement of tasting something new and totally original to Melbourne.