08:08 AM EDT, 08/29/2024 (MT Newswires) -- Ollie's Bargain Outlet Holdings (OLLI) posted fiscal Q2 adjusted earnings Thursday of $0.78 per diluted share, up from $0.67 a year earlier.

Analysts polled by Capital IQ expected $0.79.

Net sales for the quarter ended Aug. 3 were $578.4 million, up from $514.5 million a year earlier.

Analysts surveyed by Capital IQ expected $561.3 million.

For fiscal 2024, the company said it now expects adjusted EPS of between $3.22 and $3.30, compared with the prior outlook of between $3.18 and $3.28. Analysts polled by Capital IQ expect $3.28.

Net sales for the fiscal year ending Feb. 1, 2025, are now projected to be between $2.28 billion and $2.29 billion, up from the prior outlook of between $2.26 billion and $2.28 billion. Analysts polled by Capital IQ expect $2.27 billion.

Shares of the company fell more than 8% in recent Thursday premarket activity.

Price: 86.00, Change: -8.09, Percent Change: -8.60