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% ...
