Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI ) Q4 2024 Earnings Conference Call March 19, 2025 8:30 AM ET Company Participants Eric van der Valk - President & Chief Executive Officer Robert Helm - Executive Vice President & Chief Financial Officer Conference Call Participants Steven Zaccone - Citi Chuck Grom - Gordon Haskett Alexia Morgan - Piper Sandler Matthew Boss - JPMorgan Brad Thomas - KeyBanc Capital Markets Lauren Ng - Morgan Stanley Scot Ciccarelli - Truist Securities Kate McShane - Goldman Sachs Anthony Chukumba - Loop Capital Markets Jeremy Hamblin - Craig-Hallum Capital Group Matt Rothway - UBS Operator Good morning, and welcome to Ollie's Bargain Outlet Conference Call to discuss Financial Results for the Fourth Quarter and Fiscal Year 2024. Currently, all participants are in a listen-only mode.
While the top- and bottom-line numbers for Ollie's Bargain Outlet (OLLI) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ollie's Bargain Outlet (OLLI) came out with quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.23 per share a year ago.
Ollie's Bargain Outlet Holdings, Inc. OLLI will release its fourth-quarter financial results, before the opening bell, on Wednesday, March 19.
Ollie's Bargain's low-cost model, strong store productivity and growing Ollie's Army loyalty base are likely to have fueled sales in the fourth quarter.
Beyond analysts' top -and-bottom-line estimates for Ollie's Bargain Outlet (OLLI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended January 2025.
Ollie's acquisition of 40 former Big Lots stores strengthens its growth strategy, expanding presence in the competitive discount retail market.
Cautious Consumer Spending: U.S. consumers are tightening their belts in 2025 due to inflation fears and new tariffs, impacting retail stocks and potentially leading to over 15,000 store closures. Ollie's Bargain Outlet is well-positioned to benefit from the retail turbulence by acquiring closeout items cheaply and expanding its store footprint. Expansion and Loyalty: Ollie's plans to open 56 new stores in 2025, leveraging its new distribution center and growing its loyal customer base, including younger shoppers.
The 2024 holiday shopping season was a robust one. However, January has been nicknamed 'Returnuary' after the age-old tradition of returning products to retailers every year.
Discount retail stock Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) has been on an extended descent since its Dec. 20, three-year high of $120.00.
Here is how Ollie's Bargain Outlet (OLLI) and Ingredion (INGR) have performed compared to their sector so far this year.
Ollie's Bargain Outlet (OLLI) bumped up to a new year-high after getting a double upgrade and price target hike from Citigroup. Expedia (EXPE) inched near its high for the year after getting an upgrade from BofA.