Ollie's Bargain Outlet Raises FY23 Outlook After Solid Q2 Earnings Beat
Portfolio Pulse from Lekha Gupta
Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) reported Q2 FY23 sales growth of 13.7% Y/Y to $514.5 million, beating the consensus of $499.0 million. The company raised its FY23 outlook following a solid Q2 earnings beat. OLLI shares are trading higher by 6.44% at $79.70 on the last check Thursday.
August 31, 2023 | 2:04 pm
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POSITIVE IMPACT
Ollie's Bargain Outlet reported strong Q2 FY23 results, beating sales consensus and raising its FY23 outlook. This positive news has led to an increase in the company's stock price.
Ollie's Bargain Outlet reported a 13.7% Y/Y sales growth, beating the consensus. The company also raised its FY23 outlook, indicating strong performance and positive future expectations. This news is directly related to the company's financial performance and has a high relevance and importance for investors. The positive earnings report and raised outlook are likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100