The bankruptcy of Big Lots is helping Ollie’s Bargain Outlet’s new store pipeline as the discount retailer’s bottom line benefits from an increased number of locations.
OLLI reports mixed Q3 results, with sales miss and earnings beat. Comparable sales decline ends nine straight quarters of growth streak, driving the revised view.
Shares of Ollie's Bargain Outlet were trading at $101.54 as of December 06. Over the last 52-week period, shares are up 39.44%. Given that these returns are generally positive, long-term shareholders ...