Ollie's Bargain Outlet Holdings Inc (OLLI)

[1center]

$OLLI..Ollie's Rises on 2Q Beat, Guidance Raise -- Market Talk

Aug 31, 2016 17:51:00 (ET)

17:51 ET - Shares of Ollie's Bargain Outlet (OLLI) rise in extended trading as the discount retailer beats Wall Street's 2Q EPS and revenue expectations. Comp-store sales of 3.5% also surpassed the 1% consensus. CEO Mark Butler says, "Our growing size, scale and visibility in the marketplace is giving us better access to merchandise, expanding our vendor base, and building stronger direct relationships with manufacturers." He adds that greater size and scale allows OLLI's buyers to offer "even better bargains on great quality branded merchandise." For the year, OLLI raises EPS and revenue forecasts. OLLI up 8.6% at $27.60 in after-hours trading and finished the regular session with a YTD gain of 49%. ([e-mail])