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I recommend a buy rating for Ollie's Bargain Outlet due to its solid growth outlook and market willingness to attach a premium multiple. OLLI's fundamentals remain strong despite temporary headwinds, with new store openings driving growth and potential real estate acquisitions from Big Lots. Investors should note the high valuation risk; any earnings miss could lead to a sharp share price decline.
Ollie's Bargain Outlet Holdings, Inc. OLLI shares are trading higher on Wednesday.
US consumer prices increased 0.3% for the month to bump the annual rate of inflation to 2.7% in November, as per data the Bureau of Labour Statistics reported on Wednesday. Higher inflation tends to weigh on consumer spending which can negatively affect retail sales.
OLLI reports mixed Q3 results, with sales miss and earnings beat. Comparable sales decline ends nine straight quarters of growth streak, driving the revised view.
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI ) Q3 2024 Earnings Conference Call December 10, 2024 8:30 AM ET Company Participants John Swygert - Chief Executive Officer Eric van der Valk - President Robert Helm - Executive Vice President & Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Peter Keith - Piper Sandler Bradley Thomas - KeyBanc Capital Markets Chuck Grom - Gordon Haskett Scot Ciccarelli - Truist Securities Kate McShane - Goldman Sachs Jeremy Hamblin - Craig-Hallum Capital Group Anthony Chukumba - Loop Capital Markets Melanie Nunez - Bank of America Edward Kelly - Wells Fargo Mark Carden - UBS Paul Lejuez - Citigroup Operator Good morning and welcome to Ollie's Bargain Outlet Conference Call to discuss the Financial Results for the Third Quarter of Fiscal Year 2024. Currently, all participants are in a listen-only mode.
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining around 50 points on Tuesday.
Although the revenue and EPS for Ollie's Bargain Outlet (OLLI) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ollie's Bargain Outlet and United Natural Foods both topped earnings estimates, lifting the retail stocks early Tuesday. The post Ollie's Rockets On Earnings; United Natural Foods Beats And Raises appeared first on Investor's Business Daily.
Ollie's Bargain Outlet (OLLI) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.51 per share a year ago.
Ollie's Bargain Outlet is poised for decent third-quarter revenue growth, fueled by strategic expansion and a compelling value proposition.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ollie's Bargain Outlet (OLLI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.