Ollie's Bargain Outlet Holdings, Inc. - Common Stock (OLLI)
106.88
+1.66 (1.58%)
Ollie's Bargain Outlet is a retail company that specializes in offering a wide range of discounted merchandise, including closeout, surplus, and excess inventory items across various categories such as home goods, food, health and beauty products, and seasonal items. The company operates a chain of stores, where customers can find brand-name products at reduced prices, making it a popular destination for bargain hunters. Ollie's focuses on providing a fun shopping experience while maintaining a commitment to value, enabling shoppers to discover unique deals and savings on everyday items.
Off-price retailer Ollie's Bargain Outlet accelerates its growth strategy to fill the void left by Big Lots. Analysts and institutions see this stock advancing.
Shares of discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI)
jumped 11.7% in the morning session after the company reported strong fourth-quarter 2024 results: What grabbed our attention was the full year 2025 sales forecast, which came in line with analysts' expectations but actually represented an acceleration in growth at 13.4%(vs 8.5% in FY2024). Backing the growth guidance were plans to open 75 new store openings in 2025, an increase from 50 in 2024.
Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.8% year on year to $667.1 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.58 billion at the midpoint. Its non-GAAP profit of $1.19 per share was in line with analysts’ consensus estimates.
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