Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessOllie’s Shares Soar 11 percent After Mixed Q4 Results

Ollie’s Shares Soar 11 percent After Mixed Q4 Results

Add to Favorite
Added to Favorite


Ollie’s Bargain Outlet (NASDAQ:OLLI) saw its shares surge over 11% intra-day today after reporting mixed fourth-quarter results, with earnings meeting expectations but revenue falling short.
For the quarter, adjusted earnings per share came in at $1.19, aligning with analyst forecasts. Total net sales rose 2.8% year-over-year to $667.1 million, but missed the consensus estimate of $674.64 million.
Comparable store sales also increased 2.8%, driven by growth in both customer transactions and basket size. The company continued its expansion efforts, opening 13 new stores and ending the quarter with 559 locations across 31 states, marking a 9.2% increase from the prior year.
Looking ahead, Ollie’s is ramping up its store expansion strategy, planning to open 75 new locations in fiscal 2025, up from 50 in 2024. The company forecasts full-year net sales between $2.564 billion and $2.586 billion, with comparable store sales growth of 1% to 2%. Adjusted earnings per share are expected to range between $3.65 and $3.75.
On the profitability side, gross margin improved by 20 basis points to 40.7%, thanks to lower supply chain costs. However, selling, general, and administrative expenses increased to 25.5% of sales, compared to 24.1% a year ago, reflecting higher operating costs.

Subscribe to get Latest News Updates

Latest News

You may like more
more

FedEx Corporation (NYSE: FDX) Financial Outlook and Analyst Expectations

The consensus price target for FedEx Corporation (NYSE: FDX)...

FactSet Research Systems Inc. (FDS) – A Leader in Financial Data and Analytics

FactSet Research Systems Inc. (FDS) Stock Analysis: A Comprehensive...

Checkpoint Therapeutics, Inc. (NASDAQ:CKPT) Overview: A Clinical-Stage Biopharmaceutical Innovator

Stable Analyst Expectations: The consensus target price for NASDAQ:CKPT...

Analysis of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Financial Performance

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) shows a Return on...