The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. The retailer posted revenue of $517.4 million in the period, which missed Street forecasts.

Ollie's Bargain Outlet recorded higher sales in its latest quarter as a pipeline of new stores helped contribute to the top-line. The discount retailer logged net income of $35.9 million, or 58 cents a share,