Latest news with #Ollie'sBargainOutlet
Yahoo
3 days ago
- Business
- Yahoo
More Middle- and High-Income Earners Are Turning to Dollar General, CEO Says
Dollar General is serving more middle- and high-income households than it has in four years, said CEO Todd Vasos Tuesday. The company's core clientele remains under financial pressure, Vasos said, citing recent customer surveys. Ollie's Bargain Outlet also reported signs of consumer stress on Tuesday. Discount-store competitor Dollar Tree will release first-quarter results Wednesday.A new clientele of middle- and high-income households is shopping at Dollar General. The discount retailer hasn't served such a high percentage of these higher-income customers in years, executives said on a quarterly earnings conference call Tuesday. The statements, from CEO Todd Vasos, echo statements made in recent months by other value-oriented retailers that have seen wealthier customers check out their offerings. 'We saw the highest percent of trade-in customers we've had in the last four years,' in the first quarter, CEO Todd Vasos said, according to a transcript made available from AlphaSense. Those 'trade-in customers' are drawn to the value and new delivery options available at Dollar General (DG), Vasos said. The company's core lower-income shoppers, meanwhile, are financially stressed, according to Vasos, reiterating a theme that came up on last quarter's call. One-quarter of surveyed customers reported having less income than a year earlier, and 60% said they 'felt the need to sacrifice some necessities in the coming year,' Vasos said Tuesday. Low prices are critical near the end of the month when some Dollar General shoppers' money runs out, Vasos said. Shares of Dollar General were up 16% at close to nearly $113 and led S&P 500 gainers on Tuesday after the company released first-quarter results that beat Wall Street's expectations and raised its forecast for the year ahead. Customers at Ollie's Bargain Outlet (OLLI) have been concentrating on 'immediate needs' and buying 'consumer staples,' CFO Robert Helm said on that company's earnings conference call Tuesday. Ollie's Bargain Outlet also surpassed analysts' expectations and lifted its outlook, but its shares were down 2% to almost $110 at close Tuesday. Dollar Tree (DLTR) is scheduled to release first-quarter results before the bell on Wednesday. Analysts expect the chain to report a 3.8% year-over-year bump in comparable store sales, but warned that tariffs and sluggish discretionary spending may weigh on its performance. Read the original article on Investopedia
Yahoo
3 days ago
- Business
- Yahoo
Ollie's Bargain Outlet (OLLI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended April 2025, Ollie's Bargain Outlet (OLLI) reported revenue of $576.77 million, up 13.4% over the same period last year. EPS came in at $0.75, compared to $0.73 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $564.69 million, representing a surprise of +2.14%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being $0.70. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Ollie's Bargain Outlet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales change: 2.6% versus 1.4% estimated by six analysts on average. Number of stores - End of period: 584 compared to the 580 average estimate based on four analysts. Number of new stores: 25 versus 21 estimated by four analysts on average. Number of stores open at the beginning of period: 559 versus the four-analyst average estimate of 559. Average Net Sales per Store: $1.01 million versus the three-analyst average estimate of $1 million. View all Key Company Metrics for Ollie's Bargain Outlet here>>>Shares of Ollie's Bargain Outlet have returned +0.9% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
3 days ago
- Business
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Ollie's Bargain Outlet (OLLI) Surpasses Q1 Earnings and Revenue Estimates
Ollie's Bargain Outlet (OLLI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this retailer would post earnings of $1.20 per share when it actually produced earnings of $1.19, delivering a surprise of -0.83%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Ollie's Bargain Outlet , which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $576.77 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 2.14%. This compares to year-ago revenues of $508.82 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ollie's Bargain Outlet shares have added about 2% since the beginning of the year versus the S&P 500's gain of 0.9%. While Ollie's Bargain Outlet has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ollie's Bargain Outlet: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.89 on $654.15 million in revenues for the coming quarter and $3.72 on $2.57 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Staples is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, RH (RH), is yet to report results for the quarter ended April 2025. This furniture and housewares company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of +77.5%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. RH's revenues are expected to be $818.86 million, up 12.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report RH (RH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
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Ollie's (NASDAQ:OLLI) Surprises With Q1 Sales
Discount retail company Ollie's Bargain Outlet (NASDAQ:OLLI) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 13.4% year on year to $576.8 million. The company expects the full year's revenue to be around $2.59 billion, close to analysts' estimates. Its non-GAAP profit of $0.75 per share was 5.8% above analysts' consensus estimates. Is now the time to buy Ollie's? Find out in our full research report. Revenue: $576.8 million vs analyst estimates of $566.2 million (13.4% year-on-year growth, 1.9% beat) Adjusted EPS: $0.75 vs analyst estimates of $0.71 (5.8% beat) Adjusted EBITDA: $72.16 million vs analyst estimates of $68.28 million (12.5% margin, 5.7% beat) The company slightly lifted its revenue guidance for the full year to $2.59 billion at the midpoint from $2.58 billion Management reiterated its full-year Adjusted EPS guidance of $3.70 at the midpoint Operating Margin: 9.7%, down from 11.1% in the same quarter last year Free Cash Flow Margin: 0.3%, down from 2.6% in the same quarter last year Locations: 584 at quarter end, up from 516 in the same quarter last year Same-Store Sales rose 2.6% year on year, in line with the same quarter last year Market Capitalization: $6.87 billion 'We had a strong first quarter, highlighted by accelerated store growth and better than expected sales and earnings,' said Eric van der Valk, President and Chief Executive Officer. Often located in suburban or semi-rural shopping centers, Ollie's Bargain Outlet (NASDAQ:OLLI) is a discount retailer that acquires excess inventory then sells at meaningful discounts. A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With $2.34 billion in revenue over the past 12 months, Ollie's is a small retailer, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with suppliers. On the bright side, it can grow faster because it has more white space to build new stores. As you can see below, Ollie's grew its sales at a decent 10.4% compounded annual growth rate over the last six years (we compare to 2019 to normalize for COVID-19 impacts) as it opened new stores and increased sales at existing, established locations. This quarter, Ollie's reported year-on-year revenue growth of 13.4%, and its $576.8 million of revenue exceeded Wall Street's estimates by 1.9%. Looking ahead, sell-side analysts expect revenue to grow 13.4% over the next 12 months, an acceleration versus the last six years. This projection is eye-popping and indicates its newer products will fuel better top-line performance. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. The number of stores a retailer operates is a critical driver of how quickly company-level sales can grow. Ollie's operated 584 locations in the latest quarter. It has opened new stores at a rapid clip over the last two years, averaging 9.2% annual growth, much faster than the broader consumer retail sector. This gives it a chance to scale into a mid-sized business over time. When a retailer opens new stores, it usually means it's investing for growth because demand is greater than supply, especially in areas where consumers may not have a store within reasonable driving distance. The change in a company's store base only tells one side of the story. The other is the performance of its existing locations and e-commerce sales, which informs management teams whether they should expand or downsize their physical footprints. Same-store sales gives us insight into this topic because it measures organic growth for a retailer's e-commerce platform and brick-and-mortar shops that have existed for at least a year. Ollie's demand has been spectacular for a retailer over the last two years. On average, the company has increased its same-store sales by an impressive 4.1% per year. This performance suggests its rollout of new stores is beneficial for shareholders. We like this backdrop because it gives Ollie's multiple ways to win: revenue growth can come from new stores, e-commerce, or increased foot traffic and higher sales per customer at existing locations. In the latest quarter, Ollie's same-store sales rose 2.6% year on year. This growth was a deceleration from its historical levels, showing the business is still performing well but losing a bit of steam. We enjoyed seeing Ollie's beat analysts' revenue, EPS, and EBITDA expectations this quarter. We were also happy it raise its full-year revenue guidance. On the other hand, its full-year EPS guidance slightly missed. Overall, this print had some key positives. Investors were likely hoping for more, and shares traded down 2.9% to $108.73 immediately after reporting. Is Ollie's an attractive investment opportunity right now? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Yahoo
4 days ago
- Business
- Yahoo
Manitowoc's top news in May included SS Badger's first sail, Ollie's opening & 6 more stories
MANITOWOC – May saw the opening of Ollie's Bargain Outlet at 1100 S. 30th St. in Manitowoc, the S.S. Badger beginning its sailing season and Two Rivers narrowing its list of city manager finalists to four. Here are five more stories that were among the most read in May. Hot Daugs, Manitowoc's new retro-themed hot dog shop at 316 N. Eighth St., opened to strong sales in April but closed temporarily in early May because of co-owner Brad Daugs being hospitalized. The shop reopened to modified hours the week of May 13-17 with Brad's wife and co-owner Amber Daugs saying the plan was to expand hours as more staff are hired. Current hours remain 11:30 a.m.-3:30 p.m. Tuesdays-Saturdays, according to Hot Daugs' website. Read more: Manitowoc Mirro site developer secures tax credits, a 'final step' toward development A U.S. Department of Justice news release in May revealed Michael J. Kornely, 75 of Francis Creek, had been indicted on federal crimes against minors. Kornely is alleged to have transported two minor victims across state lines 'with the intent to engage in criminal sexual activity' in 2005 and 2006. The release said Kornely is suspected to have 'used a computer to attempt to persuade, induce and entice a minor to engage in unlawful sexual activity' in March 2024. If convicted, Kornely could face up to a lifetime in prison and up to $250,000 in fines. He would also be required to register as a sexual offender. Kornely has also been charged with multiple sexual assault felonies in Manitowoc County Circuit Court after being arrested March 21, 2024. He was released from Manitowoc County Jail March 22, 2024, after furnishing a $10,000 cash bail. He's next due in court July 15 for a scheduling conference. The latest two big blue cranes manufactured by Broadwind Heavy Fabrications were completed in late 2023 but remain parked in the Broadwind docking area waiting to travel by barge to faraway U.S. Navy shipyards. The Navy determines when the 200-foot-tall cranes are moved, and according to Brett Hartman, director of business development for Broadwind, the first one is now expected to leave in October while the second is expected to leave in spring or summer 2026. The cranes were designed and contracted by the Finnish company Konecranes, and components were made by Broadwind. They are part of a U.S. Navy contract and will be used to service submarine fleets. The two cranes will travel to Naval shipyards via barge to the Pacific Ocean. One will go to Washington state and the other to Hawaii. They will travel through the Great Lakes and then along the East Coast on the Atlantic. They will pass through the Panama Canal, and then either up to the Pacific Northwest or to the Hawaiian Islands, according to Hartman. With summer upon us, we shared our top spots for dining outdoors in the Manitowoc and Two Rivers area. The following establishments made the list: The Wharf Manitowoc, 606 Quay St.; Courthouse Pub, 1001 S. Eighth St., Manitowoc; Pizza Garden, 301 N. Eighth St., Manitowoc; Whisky D's, 1215 26th St., Two Rivers; and Cool City Brewing, 1718 W. Park St., Two Rivers. Read more: Here's our guide for cool places to swim in Manitowoc and Two Rivers this summer In the latest update on progress at the former Mid-Cities Mall and Edgewater Plaza site, Manitowoc Community Development Director Adam Tegen confirmed 'there is still the expectation that some of the construction for single-family and multi-family homes will occur later this year.' Tegen said demolition and site preparation was nearly done, and city officials were in the process of lining up items to clear the way for the sale of the property to Green Bay-area developer Tycore Built LLC by early to mid-summer. Tycore is expected to start installing utilities and infrastructure shortly after the sale. A mix of housing, retail and commercial space is planned at the site. Contact Brandon Reid at breid@ This article originally appeared on Manitowoc Herald Times Reporter: Manitowoc news in May included SS Badger's first sail of 2025 season
