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, ...

Core Insights - Ollie's Bargain Outlet reported revenue of $578.38 million for the quarter ended July 2024, reflecting a 12.4% increase year-over-year [1] - The company's EPS was $0.78, up from $0.67 in the same quarter last year, aligning with the consensus estimate [1] - Revenue exceeded the Zacks Consensus Estimate of $562.37 million by 2.85%, while EPS met the consensus estimate [1] Financial Performance Metrics - Comparable store sales increased by 5.8%, surpassing the estimated 2% by analysts [6] - The number of stores at the end of the period was 525, slightly above the average estimate of 523 [6] - The company opened 9 new stores, exceeding the average estimate of 6 [6] Stock Performance - Ollie's Bargain Outlet shares have returned -3.6% over the past month, contrasting with the Zacks S&P 500 composite's +2.6% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

分组1 - Ollie's Bargain Outlet reported quarterly earnings of $0.78 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.67 per share a year ago [1] - The company achieved revenues of $578.38 million for the quarter ended July 2024, exceeding the Zacks Consensus Estimate by 2.85% and up from $514.51 million year-over-year [2] - Ollie's Bargain Outlet shares have increased approximately 24% since the beginning of the year, outperforming the S&P 500's gain of 17.2% [3] 分组2 - The earnings outlook for Ollie's Bargain Outlet is favorable, with a current consensus EPS estimate of $0.55 on revenues of $520.56 million for the upcoming quarter, and $3.27 on $2.27 billion in revenues for the current fiscal year [7] - The Zacks Industry Rank indicates that the Consumer Products - Staples sector is currently in the bottom 36% of over 250 Zacks industries, which may impact stock performance [8]

Core Insights - Ollie's Bargain Outlet Holdings, Inc. reported a strong financial performance for the second quarter of fiscal 2024, with total net sales increasing by 12.4% to $578.4 million compared to the same period last year [2][6] - The company raised its fiscal year sales and earnings outlook, reflecting confidence in continued growth and operational execution [5][16] Financial Performance - Comparable store sales rose by 5.8%, down from a prior year increase of 7.9% [2][36] - Operating income increased by 15.6% to $60.8 million, with an operating margin of 10.5%, up 30 basis points from the previous year [10][36] - Net income grew by 16.1% to $49.0 million, translating to $0.79 per diluted share, compared to $42.2 million or $0.68 per diluted share in the prior year [11][36] - Adjusted net income also increased by 15.6% to $48.2 million, or $0.78 per diluted share [11][36] - Adjusted EBITDA rose by 16.4% to $74.5 million, with an adjusted EBITDA margin of 12.9%, up 50 basis points from the previous year [12][36] Operational Highlights - The company opened nine new stores, bringing the total to 525 stores across 31 states, marking an 8.9% year-over-year increase in store count [2][36] - Gross profit increased by 11.4% to $219.0 million, while gross margin decreased slightly to 37.9% due to changes in product mix [7][36] - Selling, general, and administrative expenses rose by 8.2% to $145.7 million, but as a percentage of net sales, SG&A decreased to 25.2% [8][36] Future Outlook - The company plans to open 50 new stores in fiscal 2024 and aims to achieve a 40% annual gross margin [5][16] - The updated outlook for fiscal 2024 includes net sales projected between $2.276 billion and $2.291 billion, with a comparable store sales increase expected between 2.7% and 3.2% [16][17]

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. (OLLI) is expected to report strong second-quarter fiscal 2024 results, with revenue estimates of $562.4 million, reflecting a 9.3% year-over-year increase [1] Group 1: Financial Performance Expectations - Analysts anticipate earnings per share (EPS) of 78 cents, indicating a significant year-over-year growth of 16.4% [2] - The company has a trailing four-quarter earnings surprise average of 10.4%, with the last quarter outperforming estimates by 12.3% [2] Group 2: Key Performance Drivers - Ollie's Bargain's business model of "buying cheap and selling cheap," along with cost-containment efforts and a focus on store productivity, are expected to drive top-line performance [3] - The expansion of the customer loyalty program, Ollie's Army, has been a significant sales driver, contributing to a projected comparable store sales growth of 1.5% for the second quarter [4] Group 3: Margin Considerations - There are concerns regarding margins due to potential increases in selling expenses from new store growth, wage investments, and higher utility costs, with SG&A expenses expected to rise by 7.3% year-over-year [5] Group 4: Earnings Prediction Model - The Zacks model indicates that Ollie's Bargain does not conclusively predict an earnings beat this time, with a Zacks Rank of 2 but an Earnings ESP of 0.00% [6][7]

Group 1 - Analysts project that Ollie's Bargain Outlet (OLLI) will announce quarterly earnings of $0.78 per share, reflecting a 16.4% year-over-year increase [1] - Revenues are expected to reach $562.37 million, marking a 9.3% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a collective reevaluation by analysts [1][2] Group 2 - Comparable store sales change is projected at 2.0%, down from 7.9% in the same quarter last year [4] - The number of stores at the end of the period is forecasted to be 523, compared to 482 in the same quarter of the previous year [4] - Analysts predict the number of new stores will remain at 6, consistent with the year-ago figure [4] Group 3 - The number of stores open at the beginning of the period is estimated to be 516, up from 476 a year ago [5] - Shares of Ollie's Bargain Outlet have returned +3% over the past month, outperforming the Zacks S&P 500 composite's +1.5% change [5] - With a Zacks Rank 2 (Buy), OLLI is expected to outperform the overall market in the near future [5]

Ollie's Bargain Outlet Holdings, Inc. (OLLI) has taken a significant step forward in its nationwide expansion with the grand opening of its fourth distribution center in Princeton, IL. The new 615,000-square-foot distribution hub is not just a milestone in Ollie's growth strategy, but a crucial hub that will drive the company's expansion in the Midwest and support its push westward. Strategically designed to improve efficiency, the Princeton distribution center will initially serve around 60 stores across n ...

New Facility Brings More Jobs and Economic Growth to Princeton HARRISBURG, Pa., Aug. 21, 2024 /PRNewswire/ -- Ollie's Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) gathered today with officials from the Illinois Department of Commerce and Economic Opportunity and the city of Princeton to celebrate the grand opening and ribbon cutting of the new Ollie's distribution center in Princeton, Illinois. The more than 615,000 square foot facility is now open and is a crucial part of Ollie's growth plan in support of ...

Core Insights - Ollie's Bargain Outlet Holdings, Inc. has opened a new distribution center in Princeton, Illinois, marking its fourth facility and supporting the company's growth in the Midwest and national expansion [1][2][3] - The new distribution center spans over 615,000 square feet and will initially service approximately 60 stores across nine states, with plans to eventually service over 150 stores [2] - An investment of over $75 million has been made in the Princeton facility, which is expected to create over 200 new full-time jobs and provide significant economic benefits to the region [2][3] Company Expansion - The new distribution center is a key component of Ollie's strategy to open more than 1,300 stores nationwide, highlighting the company's commitment to delivering value and supporting economic growth [3] - Ollie's has received an Economic Development for a Growing Economy tax credit, which aligns with its investment goals in the local community [3] Current Operations - Ollie's currently operates 525 stores across 31 states and employs over 12,000 team members [3][4] - The company specializes in closeout merchandise and excess inventory, offering brand name products at discounted prices across various departments [4]

Ollie's Bargain Outlet (OLLI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a c ...