Ollie's Bargain Outlet (OLLI) Earnings Date and Reports 2024 (2024)

FAQs

Ollie's Bargain Outlet (OLLI) Earnings Date and Reports 2024? ›

Ollie's Bargain Outlet Holding (OLLI) is schdueled to report earning on Aug 29, 2024, TBA Not Confirmed.

Gross profit increased 17.2% to $209.4 million in the first quarter of fiscal 2024 from $178.6 million in the first quarter of fiscal 2023. Gross margin increased 220 basis points to 41.1% in the first quarter of fiscal 2024 from 38.9% in the first quarter of fiscal 2023.

Ollie's Bargain Outlet Holding's analyst rating consensus is a Moderate Buy. This is based on the ratings of 13 Wall Streets Analysts.

Allegedly, Ollie's has not always given overtime to those employees who earned it. In Aug. 2022, a lawsuit was brought against Ollie's in New York for "misclassifying store managers to skirt paying them overtime," according to the New York Law Journal.

OLLI (U.S.: Nasdaq)

When consumer demand is high, the company can charge better prices while still offering bargains. And this helps its profit margins tremendously. For Ollie's, its Q1 operating income surged by almost 47% to nearly $57 million. And for the year, the company believes it can earn at least $250 million.

According to Ollie's Bargain Outlet 's latest financial reports the company's current revenue (TTM ) is $2.15 B. In 2023 the company made a revenue of $2.10 B an increase over the revenue in the year 2022 that were of $1.82 B.

On average, Wall Street analysts predict that Ollie's Bargain Outlet Holdings's share price could reach $101.46 by Jul 12, 2025.

The Ollie's Bargain Outlet business model involves purchasing merchandise directly from manufacturers and other retailers, such as Walmart/Sam's Club, Target, Kroger, Costco, Winn-Dixie, Publix, Whole Foods Market, and TJX-owned stores, in bulk and selling in smaller quantities to customers with the minimum operational ...

Where does Ollie's merchandise come from? ›

Much of the merchandise comes direct from the finest manufacturers in the country and abroad. For example, if a manufacturer makes too much of an item, or changes their packaging, Ollie's will buy the overstocked or old packaged items.

Trivia. His favourite food is presumably cooked fish.

Lower Paxton Township-based discount chain, Ollie's Bargain Outlet has announced leadership changes. John Swygert, the company's president and CEO since 2019 will transition to executive chairman in early 2025. “John is having an amazing run with Ollie's.

Where is Ollie's Bargain Outlet Holdings, Inc. (“Ollie's”) corporate headquarters? Ollie's Bargain Outlet Support Center is headquartered at 6295 Allentown Boulevard, Suite 1, Harrisburg, PA 17112.

Ollie's Bargain Outlet (OLLI) is the IBD Stock Of The Day as it finds support at a key level after a recent pullback. Shares of Ollie's stock, like other discount and bargain-hunt retailers, can offer shelter to investors in tougher markets, as well as solid growth prospects.

The statistic shows the number of employees of Ollie's Bargain Outlet Inc. in the United States from 2016 to 2023. As of February 3, 2024, Ollie's Bargain Outlet Inc. had approximately 11,500 employees in the United States.

OLLI has a market cap or net worth of $5.63 billion. The enterprise value is $5.83 billion.

Ollie's Bargain Outlet interviews FAQs

How long does it take to get hired at Ollie's Bargain Outlet? The hiring process at Ollie's Bargain Outlet takes an average of 7.95 days when considering 91 user submitted interviews across all job titles.