Ollie's Bargain Outlet Hldg (OLLI)

Gross profit margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Gross profit (ttm)	US$ in thousands	832,365	775,849	746,414	693,340	656,094	632,652	620,536	639,961	681,246	702,862	721,803	765,610	723,366	684,249	646,030	563,221	555,589	546,778	528,918	517,509
Revenue (ttm)	US$ in thousands	2,102,528	2,003,409	1,941,431	1,879,404	1,826,956	1,778,321	1,743,736	1,707,135	1,752,995	1,767,623	1,798,518	1,911,950	1,808,821	1,715,489	1,628,156	1,432,708	1,408,199	1,379,702	1,336,259	1,290,492
Gross profit margin		39.59%	38.73%	38.45%	36.89%	35.91%	35.58%	35.59%	37.49%	38.86%	39.76%	40.13%	40.04%	39.99%	39.89%	39.68%	39.31%	39.45%	39.63%	39.58%	40.10%

February 3, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $832,365K ÷ $2,102,528K
= 39.59%

The gross profit margin for Ollie's Bargain Outlet Hldg has shown a fluctuating trend over the past few quarters. Generally, the company has maintained a moderate to healthy gross profit margin, ranging from 35.58% to 40.13%.

The gross profit margin reached its peak at 40.13% in the third quarter of fiscal year 2021, indicating efficient cost management and pricing strategies during that period. However, it then experienced a slight decline in subsequent quarters.

Overall, the gross profit margin has remained relatively stable above 35%, showcasing Ollie's ability to generate a reasonable level of profit from its sales after accounting for the cost of goods sold. Monitoring this metric over time can provide insights into the company's pricing strategies, cost control efforts, and overall profitability.