Ollie's Bargain Outlet Holdings, Inc. - Common Stock (OLLI)
107.83
+8.77 (8.85%)
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 (NASDAQ:OLLI)
jumped 11.7% in the morning session after the company reported strong fourth-quarter 2024 results: What grabbed our attention was the full year 2025 sales forecast, which came in line with analysts' expectations but actually represented an acceleration in growth at 13.4%(vs 8.5% in FY2024). Backing the growth guidance were plans to open 75 new store openings in 2025, an increase from 50 in 2024.
Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.8% year on year to $667.1 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.58 billion at the midpoint. Its non-GAAP profit of $1.19 per share was in line with analysts’ consensus estimates.
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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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