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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.
HARRISBURG, Pa., May 24, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced that at the conclusion of a final sale hearing, the United States Bankruptcy Court for the District of Delaware approved the Company's stalking horse bid to acquire eleven former 99 Cents Only Stores locations. The Company and debtor entered into an asset purchase agreement to acquire eleven former 99 Cents Only Stores locations for $14.6 million in cash. The locations were acquired through the auction process held in connection with 99 Cents Only Stores' bankruptcy proceedings. The bankruptcy court approved the sale of the eleven stores to the Company on May 23, 2024, with appropriate court orders to follow. Of the eleven store locations, three of these are owned properties and eight are leased properties with attractive rents and leasing structures, located in key markets across Texas. The acquisition is expected to close in early June.
HARRISBURG, Pa., May 22, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) announced today that it will release its financial results for the first quarter of fiscal year 2024 on Wednesday, June 5, 2024, before the market opens. Following the release, at 8:30 a.m. Eastern Time, the Company's management team will host a conference call to discuss its results.
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Ollie's Bargain's (OLLI) commitment to providing brand-name and closeout merchandise at attractive price points results in favorable responses from customers.
Ollie's Bargain Outlet (OLLI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Ollie's Bargain's (OLLI) focus on value-driven merchandise assortments positions it well to capitalize on opportunities in the marketplace.
Anthony Chukumba, Loop Capital senior analyst, joins CNBC's 'The Exchange' to discuss consumers moving toward cheaper brands as they contend with persistent inflation.
Ollie's sales and profits temporarily slumped before rebounding in 2023. The retailer is in great financial shape and has a path toward higher sales and profits.
Ollie's Bargain's (OLLI) fourth-quarter fiscal 2023 results reflect a comparable store sales increase of 3.9%.