
Ollie’s Bargain Outlet Holdings reported strong third-quarter fiscal year 2024 results, with earnings per share (EPS) of $0.58 and revenue of $517.43 million. The company achieved a net income of $35.88 million and opened 24 new stores, marking a company record. Ollie’s stock rose significantly, with pre-market gains of up to 11%, driven by positive market sentiment, including a +7% pre-market rise and Jan. put sales into earnings. The company attributed its performance to an expanded store count, including acquisitions of Big Lots locations.

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Ollie’s Bargain Outlet store count boosts results as it buys up Big Lots locations https://t.co/MEYntNI5hJ