What's Going On With Ollie's Bargain Outlet Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares are trading lower despite reporting strong Q2 results. The company beat revenue estimates and raised its fiscal year 2024 sales and EPS outlook. However, shares fell by 5.697% to $88.74.
August 29, 2024 | 4:24 pm
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Ollie's Bargain Outlet reported strong Q2 results with revenue beating estimates and raised its fiscal year 2024 sales and EPS outlook. Despite this, shares fell by 5.697%.
Despite Ollie's Bargain Outlet's strong Q2 performance, including a revenue beat and raised guidance, the stock is trading lower. This suggests that investors may have had higher expectations or concerns about other aspects of the business, such as the slower growth in comparable store sales compared to the previous year.
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IMPORTANCE 80
RELEVANCE 100