Ollie's Bargain Outlet Holdings, Inc. (OLLI) is expected to register an increase in the top line when it reports first-quarter fiscal 2024 results on Jun 5 before market open. The Zacks Consensus Estimate for revenues is pegged at $505.8 million, which indicates a 10.2% increase from the prior-year quarter. The extreme-value retailer of brand-name merchandise is also projected to see a year-over-year increase in its bottom line. The Zacks Consensus Estimate for first-quarter earnings per share has remained ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Ollie's Bargain Outlet (OLLI) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on June 5, 2024, might help the stock move higher if these key numbers are better ...

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 a ...

"We are very excited to be announced as the winning bidder of these store locations. These stores are the right size, located in good trade areas, have attractive rents and leasing structures, and have been serving value- oriented customers for many years. Texas is a great market for us that has tremendous growth potential and continues to benefit from strong population growth," said John Swygert, President and Chief Executive Officer of Ollie's. HARRISBURG, Pa., May 24, 2024 (GLOBE NEWSWIRE) -- Ollie's Bar ...

To access the live conference call, please pre-register here. Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company's website at https://investors.ollies.us/. About Ollie's We are America's largest retailer of Closeout merchandise and excess inventory, offering Real Brands and Real Bargain prices®! We offer extreme value on brand name products in a ...

Company Announcement - Ollie's Bargain Outlet Holdings, Inc. will release its financial results for Q1 of fiscal year 2024 on June 5, 2024, before market opens [1] - A conference call to discuss the results will be hosted by the management team at 8:30 a.m. Eastern Time on the same day [1] Access Information - Interested parties can pre-register for the live conference call to receive dial-in instructions [2] - A live webcast and replay of the conference call will be available on the Company's Investor Relations website [2] Company Overview - Ollie's is the largest retailer of closeout merchandise and excess inventory in America, offering significant value on brand name products across various departments [3] - The Company operates 516 stores across 30 states and continues to grow [3]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores provide a unique rating system for stocks based on value, growth, and momentum [2][3] Zacks Style Scores - Stocks are rated from A to F based on their value, growth, and momentum characteristics, with A being the highest score [3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing earnings and cash flow [4] - The Momentum Score helps investors capitalize on price trends, using recent price changes and earnings estimate shifts [5] - The VGM Score combines all three styles, providing a comprehensive rating for stocks based on value, growth, and momentum [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investment decisions [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +25.41% since 1988 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal performance [9] Stock Highlight: Ollie's Bargain Outlet (OLLI) - Ollie's Bargain Outlet is a value retailer operating 512 outlets across 30 states, offering a variety of products at reduced prices [11] - The company has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating potential for growth [12] - OLLI is projected to achieve year-over-year earnings growth of 11.3% for the current fiscal year, with upward revisions in earnings estimates [12][13]

Ollie's Bargain Outlet Holdings, Inc. (OLLI) continues to excel due to its unique business model of "buying cheap and selling cheap." This approach, combined with cost-containment efforts, a focus on store productivity and the expansion of its customer loyalty program, Ollie's Army, has solidified its position in the market. The company's success can be attributed to its ability to offer compelling deals that resonate well with consumers. No wonder, Ollie's Bargain's favorable vendor relationships are also ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Ollie's Bargain Outlet (OLLI) , which belongs to the Zacks Consumer Products - Staples industry.This retailer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 9.68%.For the last reported quarter, Ollie's Bargain Outlet came out with ...

Extreme Value Retailer Fundraising Campaign Benefits 132 Partner Food Banks HARRISBURG, Pa., May 3, 2024 /PRNewswire/ -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI), America's largest retailer of brand name closeout merchandise and excess inventory, is proud to announce that it raised more than $791,000 for Feeding America through an in-store fundraising campaign, which ran from March 10th to April 14th. Collected by 513 participating Ollie's stores in 30 states, these donations will benefit 132 Fe ...