Ollie's Bargain Outlet falls despite strong Q2, forecast raise

Ollie's Bargain Outlet Holdings

29/08/2024 15:22

** Shares of Ollie's Bargain Outlet Holdings  OLLI.O  fall
5.2% to $89.2 after reporting Q2 results
    ** Company raises its FY (ending Feb 1, 2025) net sales
forecast to $2.27 bln - $2.29 bln, analysts' on average expect
$2.27 bln - LSEG 
    ** OLLI now expects its FY adj EPS in a range of $3.22-$3.30
vs consensus estimates of $3.28
    ** Its Q2 net sales increased 12.4% to $578.4 mln, above
estimates of $560.9 mln
    ** Co now expects its FY CapEx to be $104 mln from $90 mln
previously   
    ** Including session's moves, OLLI up 18.3% YTD

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.parmar@thomsonreuters.com))