Dollar Tree weighs selling Family Dollar. Ollie's Bargain Outlet breaks out on earnings, Lululemon bolts. Five Below tumbles.
Shares of discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) jumped 9.6% in the morning session after the company reported a "beat and raise" quarter. First quarter earnings results beat analysts' EPS expectations on slightly higher same-store sales. It is also encouraging that the company raised its full year revenue and EPS outlook, even if the latter just came in-line with expectations. Overall, this quarter's results seemed fairly positive and shareholders should feel optimistic.
Ollie's Bargain's (OLLI) first-quarter fiscal 2024 results reflect a comparable store sales increase of 3%.