Ollie's Bargain Outlet Holdings, Inc. - Common Stock (OLLI)
112.97
+0.08 (0.07%)
Ollie's Bargain Outlet is a retail company that specializes in offering a wide range of discounted merchandise, including closeout, surplus, and excess inventory items across various categories such as home goods, food, health and beauty products, and seasonal items. The company operates a chain of stores, where customers can find brand-name products at reduced prices, making it a popular destination for bargain hunters. Ollie's focuses on providing a fun shopping experience while maintaining a commitment to value, enabling shoppers to discover unique deals and savings on everyday items.
Shares of discount retail company Ollie’s Bargain Outlet (NASDAQOLLI)
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."
Foot traffic data and a consumer survey could highlight Super Saturday shopping trends and winning stocks for one of the largest shopping days of 2024.
Big Lots filed for Chapter 11 bankruptcy and announced a sale of assets to Nexus Capital. Competitor Ollie's Bargain may gain market share from store closures.
There is no lack of content regarding tariffs. Everyone seems to have an opinion on the potential consequences. But there is far too little discussion around what companies are actually saying about tariffs. That should be the starting point.
Shares of discount retail company Ollie’s Bargain Outlet (NASDAQOLLI)
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.
Discount retail company Ollie’s Bargain Outlet (NASDAQOLLI) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 7.8% year on year to $517.4 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.28 billion at the midpoint. Its non-GAAP profit of $0.58 per share was in line with analysts’ consensus estimates.
