Ollies Bargain Outlet HoldingsNASDAQ: OLLI

HARRISBURG, Pa., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) announced today that it will release its financial results for the third quarter of fiscal year 2024 on Tuesday, December 10, 2024, before the market opens. Following the release, at 8:30 a.m. Eastern Time, the Company's management team will host a conference call to discuss its results.

Ollie's Bargain's acquisition of more former Big Lots stores represents a step forward in its growth initiative within the competitive retail landscape.

Ollie's Bargain's commitment to offering value-driven merchandise assortments has made it a formidable player in the marketplace.

Ollie's Bargain Outlet (OLLI) could produce exceptional returns because of its solid growth attributes.

Ollie's Bargain's acquisition of former Big Lots stores signifies a growth initiative within the competitive retail landscape.

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 broke out above the 50-day moving average, suggesting a short-term bullish trend.

I recommend a hold rating for Ollie's Bargain Outlet stock due to valuation concerns, despite a positive fundamental outlook and solid growth performance. OLLI reported strong Q2 results with 12.4% revenue growth and 5.8% same-store sales growth, driven by increased transactions and basket size. The new customer acquisition strategy, including an improved email program and co-branded credit card, shows promise for sustaining sales momentum.

Ollie's Bargain's commitment to offering value-driven merchandise assortments has made it a formidable player in the marketplace.

Ollie's Bargain Outlet (OLLI) is well positioned to outperform the market, as it exhibits above-average growth in financials.