Ollie’s Bargain Outlet Stock Fell 5.5% Due to Its Q3 2018 Results
Ollie’s Bargain Outlet Holdings (OLLI) delivered sales of $283.6 million for the third quarter, which beat the consensus estimate of $278.5 million. The sales have risen 19.1% on a year-over-year basis due to new store openings and strong comps. The company opened 17 new stores, including one relocated store, in the third quarter.