Ollie's Bargain Outlet Raises FY24 Net Sales Outlook From $2.248B - $2.273B To $2.257B - $2.277B, Est $2.27B; Adjusted EPS From $3.10 - $3.20 To $3.18 - $3.28, Est $3.19
Portfolio Pulse from Benzinga Newsdesk
Ollie's Bargain Outlet has raised its FY24 net sales outlook from $2.248B - $2.273B to $2.257B - $2.277B, with an estimated $2.27B. Additionally, the company has increased its adjusted EPS forecast from $3.10 - $3.20 to $3.18 - $3.28, with an estimated $3.19.
June 05, 2024 | 11:39 am
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POSITIVE IMPACT
Ollie's Bargain Outlet has raised its FY24 net sales and adjusted EPS outlook, indicating stronger financial performance than previously expected.
The increase in both net sales and adjusted EPS outlook suggests that Ollie's Bargain Outlet is performing better than anticipated. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100