Ollie's Bargain Q3 Earnings Beat Estimates, Comps Decline 0.5% Y/Y
Portfolio Pulse from
Ollie's Bargain Outlet Holdings, Inc. (OLLI) reported mixed Q3 results with earnings beating estimates but sales missing expectations. Comparable sales declined by 0.5% year-over-year, ending a nine-quarter growth streak and leading to a revised outlook.
December 11, 2024 | 1:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ollie's Bargain Outlet reported Q3 earnings that beat estimates, but sales missed expectations. The decline in comparable sales by 0.5% year-over-year ended a nine-quarter growth streak, prompting a revised outlook.
The earnings beat is overshadowed by the sales miss and the end of a nine-quarter growth streak in comparable sales, which is likely to concern investors and lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100