Ollie's Bargain Outlet Holdings Inc

OLLI

Equity

ISIN US6811161099 / Valor 28613116

NASDAQ (2024-12-24)

USD 118.86+1.10%

Ollie's Bargain Outlet Holdings Inc
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About company

Ollie's Bargain Outlet Holdings Inc is an extreme value retailer that offers brand name merchandise at significantly discounted prices. With a focus on providing customers with a wide selection of products ranging from housewares to toys, Ollie's unique go-to market strategy creates a fun and engaging shopping experience. Founded in 1982, the company has expanded throughout the Eastern half of the United States, operating no-frills warehouse-style stores that consistently deliver strong financial returns. Ollie's business model has proven to be resilient during both strong and weak economic cycles, with plans for further expansion across the country. Leveraging strong relationships with major manufacturers and retailers, Ollie's merchant team ensures a constantly changing assortment of high-quality products for customers seeking "Good Stuff Cheap."

Summarized from source with an LLMView SourceSector: Consumer Services

Net Sales Growth

In the third quarter of 2024, Ollie's Bargain Outlet Holdings Inc. reported a net sales increase of 7.8%. This growth reflects the company's continued expansion and successful sales strategies in the competitive retail market.

Earnings Per Share

Ollie's Bargain Outlet Holdings Inc. saw a 13.7% increase in earnings per share, reaching $0.58 for the third quarter of 2024. This improvement highlights the company's effective cost management and profitability enhancements.

Store Expansion

During the third quarter of 2024, Ollie's Bargain Outlet Holdings Inc. opened a record 24 new stores. This expansion is part of the company's strategy to increase its market presence and reach more customers across various regions.

Comparable Store Sales

For the second quarter of 2024, Ollie's Bargain Outlet Holdings Inc. reported a 5.8% increase in comparable store sales. This metric indicates the company's ability to drive growth in existing locations, contributing to overall financial performance.

Fiscal Year Outlook

Ollie's Bargain Outlet Holdings Inc. has raised its fiscal year sales and earnings outlook following strong performance in the second quarter of 2024. This optimistic forecast suggests confidence in sustained growth and profitability in the coming months.

Summarized from source with an LLMView Source

Key figures

65.7%1Y

147%3Y

75.7%5Y

Performance

38.6%1Y

44.8%3Y

48.4%5Y

Volatility