Is Ollie's a good stock to buy?
Out of 15 analysts, 7 (46.67%) are recommending OLLI as a Strong Buy, 2 (13.33%) are recommending OLLI as a Buy, 5 (33.33%) are recommending OLLI as a Hold, 0 (0%) are recommending OLLI as a Sell, and 1 (6.67%) are recommending OLLI as a Strong Sell.
Why did Ollies stock drop?
OLLI's stock price was suppressed by negativities from inflation and supply chain challenges. Its sales, net income, and cash flows were all affected. OLLI customers mostly live on a fixed income. The sudden inflation had an outsized impact on them.
Who is Ollie's owned by?
The Beginning. The first Ollie's Bargain Outlet store was born in Mechanicsburg, Pennsylvania on July 29, 1982 to its four founding fathers: Mark Butler, Mort Bernstein, Oliver “Ollie” Rosenberg, and Harry Coverman.
Where does Ollie's get their stuff?
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.
Is Ollies cheaper than Big Lots?
If you've never been to Ollie's, check to see if there's one in your area! Ollie's gets in a ton of stock from other stores and resells it for super cheap. It's much bigger than Big Lots and almost has a warehouse-type feel; it's a little dark but not dirty, and it's packed with so many different items.
Is Ollie's the same as building 19?
Several years after the chain shut, formerly competing Ollie's Bargain Outlet opened a store in Worcester, Massachusetts which is branded as "Ollie's Bargain Outlet @ Building #19.” It is an actual former Building #19 location and is intended to pay homage to the now-defunct chain.
How many locations does Ollie's have?
407Ollie's Bargain Outlet / Number of locations
Is Ollies cheaper than Walmart?
An average Ollie's does about $130 in sales per square foot, lower than Target (roughly $300), Walmart ($430) and even dollar-store levels ($200).
Can you bargain at Ollies?
Popular with customers, they offer products — as their name would imply — at bargain prices, but without sacrificing the quality you'd expect from even more expensive stores.
What is the meaning of Ollies?
1 : a maneuver in skateboarding in which the skater kicks the tail of the board down while jumping in order to make the board pop into the air. 2 : a maneuver in snowboarding in which the rider transfers weight from the front to the back foot to snap the board up off the ground.
What is the meaning of Ollies?
1 : a maneuver in skateboarding in which the skater kicks the tail of the board down while jumping in order to make the board pop into the air. 2 : a maneuver in snowboarding in which the rider transfers weight from the front to the back foot to snap the board up off the ground.
Where is Ollie's headquarters?
Harrisburg, PAOllie's Bargain Outlet / Headquarters
Who was Ollie?
Origin of the technique. In 1978, Alan Gelfand, who was given his nickname "Ollie" by Scott Goodman, learned to perform frontside no-handed aerials in bowls and pools using a gentle raising of the nose and scooping motion to keep the board with the feet.
Does Ollie's sell yarn?
IN STORES NOW! We have a fiercely good deal on LION BRAND yarn for just $1.99, their price $9.49! If you're at your KNITS end with the fancy stores' prices than come on down to your local Ollie's…we've always got Good Stuff Cheap!
What happened
Shares of Ollie's Bargain Outlet ( OLLI 0.74% ) were trading 5.8% lower as of 1:05 p.m. EDT Friday as investors responded to the second-quarter miss it reported after the market close Thursday.
So what
CEO John Swygert insisted he was "very pleased" with the company's performance because its "two-year stack basis" for comparable-store sales growth was 15.3% -- in other words, same-store sales were 15.3% higher in Q2 2021 than they were in Q2 2019, before the pandemic hit.
NASDAQ: OLLI
Nevertheless, the fact remains that Ollie's total net sales declined by 21% in comparison to last year's Q2 as same-store sales fell by 28%. Earnings per share declined year over year as well, from $1.50 to $0.52.
Now what
Will things get better or worse in the second half? Excellent question. Next question please -- because instead of offering investors guidance about what to expect for the remainder of 2021, Ollie's management begged off.
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The company's long-time leader died unexpectedly
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
What happened
Shares of Ollie's Bargain Outlet Holdings ( NASDAQ:OLLI) are trading down nearly 10% on Monday after the company announced the sudden passing of CEO Mark Butler.
So what
Butler, 61, passed away unexpectedly on Sunday after spending Thanksgiving with his family. He had served as CEO since 2003 and was a key architect of Ollie's growth in recent years. Board member Richard Zannino said in a statement that Butler will be hard to replace.
Now what
Swygert, who has been with Ollie's for 15 years and served as chief financial officer for more than a decade, takes over at a challenging time.
Shrinking profits and lowered guidance have investors selling in droves
Born and raised in the Deep South of Georgia, Jason now calls Southern California home. A Fool since 2006, he began contributing to Fool.com in 2012. Trying to invest better? Like learning about companies with great (or really bad) stories? Jason can usually be found there, cutting through the noise and trying to get to the heart of the story.
What happened
Shares of Ollie's Bargain Outlet Holdings ( NASDAQ:OLLI) are down 27.3% at 1:46 p.m. EDT on Aug. 29, following the release of the company's second-quarter results yesterday afternoon.
So what
Ollie's sales growth was driven by new stores. The company said it ended the second quarter with about 18% more stores than it had one year ago. Moreover, management said that the new stores, while performing well, were also responsible for shrinking comps in its existing store base.
Now what
The biggest takeaway? Investing in growth stocks can be hard, and Ollie's fully demonstrates that. Just a year removed from stellar growth metrics, the company's aggressive expansion plans seem to be both driving new stores, but taking a bite out of sales from some older locations.
What happened
Although the company reported better-than-anticipated revenue and earnings last quarter, Ollie's Bargain Outlet Holdings ( OLLI 1.86% ) shares lost 17.6% of their value on Thursday after financial guidance failed to excite investors.
So what
The discount retailer's shares ended up in the bargain bin today despite sales jumping 19.1% year over year to $283.6 million and adjusted earnings per share (EPS) increasing 45.5% year over year to $0.32.
Now what
The guidance is arguably at the lower end of what industry-watchers were hoping, but today's sell-off does feel overdone given the quarter's performance, and the fact that the guidance was actually an increase from the guidance issued following the fiscal second quarter.
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