Ollie's Bargain Outlet Holdings opened its 700th store in Maplewood, Minnesota, extending its closeout retail footprint across the Midwest. The milestone comes alongside the company's September 2 guidance update, which slightly lowered full year net sales expectations while nudging operating income guidance higher. Ollie's is expanding from 658 stores toward more than 1,300 locations, and the company's narrative projects $3.8 billion in revenue and $325.1 million in earnings by 2029. The most optimistic analysts were modeling about US$3.9 billion of revenue and US$332 million of earnings by 2029, against a fair value estimate of $99.93 that implies 13% upside to the current price.
Ollie's Bargain Outlet HldgSeptember 2 guidance slightly lowered full-year net sales expectations while nudging operating income guidance higher.
