Remain bullish on OLLI as it should continue to benefit from the weak macro environment. OLLI reported strong 1Q24 results with sales and margin exceeding expectations. Expect OLLI to continue growing at 10% and expand margins, and should continue to trade at a premium to peers.
Ollie's Bargain Outlet (OLLI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Consumers are looking for bargains, and that's helping stimulate sales growth for Ollie's. The company is financially positioned to continue growing at a slow and steady pace, suggesting future upside for investors.
Ollie's Bargain's (OLLI) first-quarter fiscal 2024 results reflect a comparable store sales increase of 3%.
Although the revenue and EPS for Ollie's Bargain Outlet (OLLI) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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.
Lululemon reports quarterly results Wednesday with Dollar Tree, Five Below, Ollie's Bargain Outlets. One of the stocks nears a buy point.
Ollie's Bargain's (OLLI) first-quarter results are likely to reflect a focus on value-driven merchandise assortment, an expansion of the customer reward program and cost-containment efforts.
Besides Wall Street's top -and-bottom-line estimates for Ollie's Bargain Outlet (OLLI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2024.
Ollie's Bargain Outlet (OLLI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.