Reported about 12 hours ago
Ollie's Bargain Outlet Holdings saw its stock price surge 10% after announcing a $300 million share buyback program and plans to open more stores. CEO Eric van der Valk highlighted the company's strong cash generation and opportunities arising from recent retail closures, aiming to increase locations from 50 to 75 by fiscal 2025. The retailer also reported a 2.8% increase in comparable store sales for the fourth quarter, surpassing estimates, and shares have risen nearly 45% over the past year.
Source: YAHOO