Ollie's Bargain Outlet Holdings: No Bargain Here As Earnings Near
- Ollie's Bargain Outlet Holdings has seen a 73.8% stock price increase, driven by strong financial performance and store expansion, outpacing the S&P 500's 51.9% rise.
- Despite impressive growth in revenue, net income, and comparable store sales, I maintain a 'hold' rating due to valuation concerns and market conditions.
- The company's gross profit margin and interest income have significantly improved, benefiting from reduced supply chain costs and a net cash position.
- Future performance hinges on upcoming Q3 2024 results; potential upgrades depend on continued revenue and profit growth, along with positive guidance.
M. Suhail
Around a year and a half ago, in March 2023, I wrote an article that took a neutral stance on retailer Ollie's Bargain Outlet Holdings (NASDAQ:OLLI). At the time, the company was just about to
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