Ollie's Bargain Outlet Raises FY24 Sales Outlook From $2.257B - $2.277B To $2.276B - $2.291B (Est $2.273B) And Adj EPS Outlook From $3.18 - $3.28 To $3.22 - $3.30 (Est $3.28)
Portfolio Pulse from Benzinga Newsdesk
Ollie's Bargain Outlet has raised its FY24 sales outlook to $2.276B - $2.291B and adjusted EPS outlook to $3.22 - $3.30, surpassing previous estimates.
August 29, 2024 | 11:38 am
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POSITIVE IMPACT
Ollie's Bargain Outlet has increased its FY24 sales and adjusted EPS outlook, indicating stronger than expected performance. The new sales range is $2.276B - $2.291B, and the adjusted EPS range is $3.22 - $3.30, both above previous estimates.
The upward revision of both sales and EPS outlooks suggests improved business performance and financial health, likely leading to a positive market reaction and potential stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100