Paper Boat Creative Investment action I recommended a buy rating for Ollie's Bargain Outlet (NASDAQ:OLLI) when I wrote about it in June, as I turned more positive about OLLI's ability to grow at my expected rate (10%) with margin expansion. Based on my current outlook and analysis, I recommend a hold rating. The reason for my downgrade is not because of a poor fundamental outlook. But rather, it is because valuation has moved up since my last update, and the upside is no longer attractive. Review OLLI repor ...

Ollie's Bargain Outlet (OLLI) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, OLLI crossed above the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, shortterm traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal sign ...

Ollie's Bargain Outlet Holdings, Inc. (OLLI) has demonstrated remarkable resilience and growth potential. Based in Harrisburg, PA, Ollie's has defied industry trends by achieving a significant stock rally of 22.6% over the past six months, while the broader industry experienced an 8% rise. Ollie's success lies in its straightforward yet highly effective business model, 'buy cheap, sell cheap.' This principle, combined with rigorous cost management and a focus on enhancing store efficiency, has allowed it to ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks bey ...

Ollie's Bargain Outlet Holdings, Inc. (OLLI) reported second-quarter fiscal 2024 results, wherein the top line beat the Zacks Consensus Estimate, while the bottom line met the same. Both the metrics increased year over year. This Harrisburg, PA-based company also witnessed an uptick in comparable store sales, marking the ninth straight quarter of growth. The company's focus on value-driven merchandise assortments positioned it well to capitalize on opportunities in the marketplace and effectively meet consu ...

J. Michael Jones Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) reported its second-quarter earnings highlighted by solid growth, with the trends strong enough for management to hike full-year guidance. Despite some recent volatility, it's been a good year for the "extreme value" discount retailer, emerging as a comeback story following a couple of years of disappointing results. We last covered the stock back in 2022, citing several steps the company was taking to improve financial efficiency. The latest tr ...

Ollie's Bargain Outlet Today OLLI Ollie's Bargain Outlet $86.90 -7.19 (-7.64%) 52-Week Range $68.05 ▼ $104.98 P/E Ratio 27.41 Price Target $102.46 Add to Watchlist Investors looking to buy into a high-quality growth name should cheer the dip in Ollie's Bargain Outlet NASDAQ: OLLI share prices caused by the Q2 earnings release. The news is mixed with weakness on the bottom line, but that is the worst that can be said. All other details point to industry-leading growth, robust cash flow, balance sheet health, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Ollie's Bargain Outlet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-37501 80-0848819 (Commission File Number) (IRS Em ...

Financial Data and Key Metrics Changes - Net sales increased by 12% to $578 million, driven by new store growth and a 5.8% increase in comparable store sales [17][19] - Operating income rose by 16% to $61 million, with an operating margin increase of 30 basis points to 10.5% [19] - Adjusted net income increased by 16% to $48 million, and adjusted earnings per share rose to $0.78 [19] - Gross margin slightly decreased to 37.9%, a 30 basis point decline from the previous year [18] - Adjusted EBITDA increased by 16% to $74 million, with an adjusted EBITDA margin increase of 50 basis points to 12.9% [19] Business Line Data and Key Metrics Changes - The best-performing categories included room air, housewares, sporting goods, food, and candy [18] - Comparable store sales growth was primarily driven by strong growth in transactions, with basket and average unit retail also positively contributing [17] Market Data and Key Metrics Changes - The company ended the quarter with 14.5 million active Ollie's Army members, with sales to members accounting for over 80% of total sales [14][18] - The company opened nine new stores, ending with 525 stores across 31 states, representing a 9% year-over-year increase [18] Company Strategy and Development Direction - The company aims to grow to over 1,300 stores across the United States, with a focus on investing in people, processes, marketing, supply chain, and information technology [7][8] - The acquisition of 99 Cents Only stores is expected to accelerate store growth over the next 18 months, particularly in Texas [12][18] - The company is testing a higher mix of full-time associates in select stores to improve productivity and reduce turnover [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges, including rising ocean shipping rates and competitor liquidations [10][34] - The company raised its fiscal 2024 sales and earnings guidance, expecting total net sales of $2.276 billion to $2.291 billion [21] - Management noted that while competitor liquidations could impact the business, they are well-positioned to capitalize on market share opportunities [28][34] Other Important Information - The company has opened its fourth distribution center in Princeton, Illinois, which is expected to enhance productivity and support growth in the Midwest [11] - A new co-branded Visa credit card program is being rolled out, designed to enhance customer loyalty and spending [15][76] Q&A Session Summary Question: Can you elaborate on the cadence of trends through the quarter and August performance? - Management noted positive comps in all three months of the quarter, with strong momentum continuing into August, despite potential impacts from competitor liquidations [25][26] Question: What is the multiyear opportunity from industry consolidation? - Management highlighted the potential for market share gains and emphasized their strong relationships with key vendors, positioning them well for future growth [27][29] Question: Can you quantify the impact of gross margin mix shift? - Management indicated that the mix shift primarily affected gross margin in Q2, but they remain confident in achieving their full-year gross margin target of 40% [32][33] Question: How are you thinking about the impact of competitor liquidations? - Management acknowledged the unprecedented nature of the competitor closures but expressed confidence in their ability to navigate the situation and gain market share [34][36] Question: How are the 99 Cents Only stores performing? - Management reported positive early results from the opened 99 Cents Only stores, with excitement about marketing to previous customers [66][67] Question: What are the implications of the seasonal and toy categories on gross margin? - Management expects seasonal and toy categories to positively impact gross margin in Q3 and Q4, contrasting with the lower margin impact from room air and consumables in Q2 [71]

For the quarter ended July 2024, Ollie's Bargain Outlet (OLLI) reported revenue of $578.38 million, up 12.4% over the same period last year. EPS came in at $0.78, compared to $0.67 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $562.37 million, representing a surprise of +2.85%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.78. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...