OLLI Stock Recent News

I recommend a hold rating for Ollie's Bargain Outlet stock due to valuation concerns, despite a positive fundamental outlook and solid growth performance. OLLI reported strong Q2 results with 12.4% revenue growth and 5.8% same-store sales growth, driven by increased transactions and basket size. The new customer acquisition strategy, including an improved email program and co-branded credit card, shows promise for sustaining sales momentum.

Stocks in the Zacks Consumer Staples sector carry a defensive nature, as these companies' products have an advantageous ability to generate consistent demand in the face of many economic situations.

Ollie's Bargain Outlet (OLLI) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Ollie's Bargain's second-quarter fiscal 2024 earnings results reflect comparable store sales growth of 5.8%.

Q2 earnings from Ollie's Bargain Outlet were highlighted by strong comparable store sales. Management hiked full-year guidance, marking a sharp contrast to discount industry peers that have reported more concerning trends. We share our reasons why we're bullish on the stock.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI ) Q2 2024 Earnings Conference Call August 29, 2024 8:30 AM ET Company Participants John Rouleau - IR John Swygert - CEO Eric van der Valk - President Robert Helm - EVP & CFO Conference Call Participants Matthew Boss - JPMorgan Edward Kelly - Wells Fargo Peter Keith - Piper Sandler Kate McShane - Goldman Sachs Joshua Young - Truist Securities Bradley Thomas - KeyBanc Capital Markets Eric Cohen - Gordon Haskett Jeremy Hamblin - Craig-Hallum Melanie Nunez - Bank of America Simeon Gutman - Morgan Stanley Brandon Cheatham - Citigroup Operator Good morning, and welcome to Ollie's Bargain Outlet Conference Call to discuss Financial Results for the Second Quarter of Fiscal Year 2024. Currently, all participants are in a listen-only mode.

Ollie's Bargain Outlet (OLLI) came out with quarterly earnings of $0.78 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.67 per share a year ago.

~ Comparable Store Sales increased 5.8% ~ ~ Earnings per Share increased 16.2% to $0.79 ~ ~ Adjusted Earnings per Share increased 16.4% to $0.78 ~ ~ Raising Fiscal Year Sales and Earnings Outlook ~ HARRISBURG, Pa., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the second quarter ended August 3, 2024.

Ollie's Bargain's (OLLI) second-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 July 2024.