The Latest Breaking News from OLLI

Shares of leading discount chain Ollie's Bargain Outlet (OLLI) surged recently after the company reported a better-than-expected second-quarter, same-store sales outlook. However, the retailer’s disappointing financial performance in the first quarter could rattle investors. Moreover, given that blistering inflation and declining consumer sentiment can weigh heavy on the retail chain,…

Although Ollie's Bargain Outlet Holdings Inc. (NASDAQ: OLLI) reported another tough quarter, its fundamentals are poised to improve in the second half of the year and beyond, according to RBC Capital Markets.

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) reported a first-quarter FY22 sales decline of 10.1% year-on-year to $406.67 million, missing the consensus of $417.24 million. Comparable store sales decreased 17.3% in Q1 versus an 18.8% increase last year. Gross profit fell 22.6% Y/Y to $141.3 million, with the margin contracting 560 basis points to…

Ollie's Bargain Outlet Holdings Inc’s (NASDAQ: OLLI) momentum could turn positive in the coming quarters, according to Wells Fargo.

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) reported a fourth-quarter sales decline of 2.8% year-over-year to $501.1 million, missing the consensus of $513.13 million. Comparable store sales decreased 10.5% from the prior year's increase of 8.8%. Comparable store sales decreased 2% compared with the fourth quarter of fiscal 2019. OLLI opened…