Investment action Review With this view, I expect OLLI to continue benefiting from a trade-down effect. Management had specifically called out that lower-income customers remained relatively stable, and trends from their lower-income customers were consistent vs. last quarter. In my view, this paints a very encouraging picture of underlying demand. OLLI's 1Q24 performance was very supportive of my view, as SSS growth of 3% was primarily driven by an increase in basket size (which contributed 2% of the 3%), ...

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. Most Powerful Force Impacting Stock Prices The upgrade of Ollie's Bargain Outlet to a Zacks Ra ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Ollie's Bargain Outlet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-37501 80-0848819 (Commission File Number) (IRS Emplo ...

A surge in profitability is rewarding patient shareholders. Shares of Ollie's Bargain Outlet (OLLI 10.51%) are hitting their highest prices in almost three years on Wednesday after the company reported financial results for its fiscal first quarter of 2024. As of 11:50 a.m. ET, Ollie's stock was up about 10%. A rebound year ahead for Ollie's Ollie's offers closeout merchandise to its customers at low prices, which can be quite appealing when consumers are stretched thin. And it seems that consumers are look ...

Ollie's Bargain Outlet Holdings, Inc. (OLLI) reported first-quarter fiscal 2024 results, wherein both the top and bottom lines not only beat the Zacks Consensus Estimate but also increased year over year. This Harrisburg, PA-based company also witnessed an uptick in comparable store sales. The company's focus on value-driven merchandise assortments positioned it well to capitalize on opportunities in the marketplace and effectively meet consumer demand. The better-than-expected performance prompted manageme ...

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q1 2024 Earnings Conference Call June 5, 2024 8:30 AM ET Company Participants John Rouleau - IR John Swygert - CEO Eric van der Valk - President Robert Helm - EVP & CFO Conference Call Participants Brad Thomas - KeyBanc Capital Markets Peter Keith - Piper Sandler Kate McShane - Goldman Sachs Anthony Bonadio - Wells Fargo Joseph Civello - Truist Matthew Boss - JPMorgan Jeremy Hamblin - Craig-Hallum Capital Group Melanie Nunez - Bank of America Eric Cohen - ...

For the quarter ended April 2024, Ollie's Bargain Outlet (OLLI) reported revenue of $508.82 million, up 10.8% over the same period last year. EPS came in at $0.73, compared to $0.49 in the year-ago quarter. The reported revenue represents a surprise of +0.60% over the Zacks Consensus Estimate of $505.79 million. With the consensus EPS estimate being $0.65, the EPS surprise was +12.31%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Ollie's Bargain Outlet (OLLI) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.31%. A quarter ago, it was expected that this retailer would post earnings of $1.16 per share when it actually produced earnings of $1.23, delivering a surprise of 6.03%. Over the last four quarters, the ...