2024-03-21 02:40:51 ET
Summary
- Ollie's continues to grow its store footprint across the United States with a strong balance sheet and 48 net new openings planned for FY2024.
- The company reported Q4 results, where revenues were in line and the EPS had a slight positive surprise.
- The given FY2024 guidance was very slightly below expectations, but the raised long-term store count target signals a positive longer-term outlook.
- The current valuation seems fair, but doesn't have any immediate upside with my financial assumptions.
- Ollie's operating margin is below previous highs, but I don't see a rise back in the medium-term as likely.
Ollie’s Bargain Outlet ( OLLI ) retails brand name merchandise in the United States, focusing on low outlet pricing. The company operates under many brands, including Ollie’s, Good Stuff Cheap, Real Brands Real Cheap!, and Sarasota Breeze. Under the brands, the company sells a very wide variety of products....
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Ollie's Bargain Outlet Holdings' Growth Story Continues, Stock Is Fairly Valued