OLLI Stock Recent News

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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.

~ Comparable Store Sales increased 3.0% ~ ~ Earnings per Share increased 50.0% to $0.75 ~ ~ Adjusted Earnings per Share increased 49.0% to $0.73 ~ ~ Raising Fiscal Year Sales and Earnings Outlook ~

John Swygert to Transition to Executive Chairman in Early 2025 Eric van der Valk Promoted to President and Will Become CEO in Early 2025 Robert Helm Promoted to Executive Vice President Chris Zender Appointed to Executive Vice President and Chief Operating Officer HARRISBURG, Pa., June 05, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (“Ollie's” or the “Company”) today announced a number of executive promotions, appointments, and anticipated changes as part of the Company's succession plan, including: The transition of John Swygert to Executive Chairman in early 2025 The promotion of Eric van der Valk to the role of President, effective immediately, and to Chief Executive Officer in early 2025 The promotion of Robert Helm to Executive Vice President, effective immediately The hiring and appointment of Chris Zender as Executive Vice President and Chief Operating Officer, effective June 17, 2024 On behalf of Ollie's Board of Directors, Richard Zann

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.