NASDAQ:OLLI - Nasdaq - US6811161099 - Common Stock
Shares of discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) jumped 8% in the afternoon session after JP Morgan added the company to its Focus List as it sees an "upside opportunity." The firm added, "4Q Upside Opportunity Despite Disruption: Based on our latest fieldwork, we see potential for incremental upside to our +3.0% 4Q comp estimate relative to mgmt's implied 2.5%-3.5% guidance."
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Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares are trading higher on Wednesday. Yesterday, the company reported third-quarter adjusted earnings per share of 58 cents, beating the street view of 57 cents. Quarterly sales of $517.43 million (+7.8%) beat the analyst consensus of $517.36 million. The increase in net sales was the result of new store unit growth. Comparable store sales, however, decreased by 0.5%, a decline from the prior year’s increase of 7.0%. RBC Capital Markets analy
Shares of discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) jumped 13.1% in the morning session after the company delivered impressive third-quarter results, surpassing analysts' expectations for operating profit and exceeding Wall Street's gross margin estimates. Revenue was in line, and the company reconfirmed its full-year revenue guidance. These results highlight Ollie's progress as it continued to grow its market share by opening new stores. Overall, this was a strong quarter for the company.
~ Net Sales increased 7.8% ~ ~ Earnings per Share increased 13.7% to $0.58 ~ ~ Opened Record 24 new stores this quarter ~ HARRISBURG, Pa., Dec. 10,...
Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) will be announcing earnings results tomorrow before market hours. Here’s what to expect.
HARRISBURG, Pa., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) announced today that it will...