Ollie's Bargain Outlet Holdings, Inc. - Common Stock (OLLI)
99.06
0.00 (0.00%)
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.
Discount retail company Ollie’s Bargain Outlet (NASDAQOLLI) 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 (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."
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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.
