Ollie's Bargain Q3 Earnings Beat Estimates, Comps Decline 0.5% Y/Y

Ollie's Bargain Outlet Holdings, Inc. (OLLI) announced its third-quarter fiscal 2024 results, revealing a mixed performance. While the top line fell short of the Zacks Consensus Estimate, the bottom line beat the same. Both metrics improved year over year.The Harrisburg, PA-based company witnessed a decline in comparable store sales, breaking a streak of nine consecutive quarters of growth. As a result, management revised its fiscal 2024 guidance, lowering the sales forecast and narrowing the projected rang ...