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Aug 29, 2024 12:30 PM

What's Going On With Ollie's Bargain Outlet Stock Today?

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares are trading lower on Thursday.

The company reported second-quarter adjusted earnings of 78 cents, in line with the estimates. Quarterly revenues of $578.38 million (+12.4%) beat the street view of $560.92 million.

Ollie’s Bargain Outlet reported a 5.8% increase in comparable store sales, compared to a 7.9% rise in the prior year. The company opened nine new stores during the quarter, bringing its total to 525 locations across 31 states, which represents an 8.9% ...