We recently published 11 Latest Stocks That Jim Cramer Just Talked About. Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) is one of the stocks Jim Cramer recently discussed.
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) is a closeout merchandise and inventory retailer. Its shares have gained 18.9% year-to-date but dipped by 2.2% after its latest earnings report. The results saw the firm beat analyst EPS estimates of $0.94 and revenue estimates of $668 million by posting $0.99 and 679 million. Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)’s revenue and profit guidance for the fiscal year also beat the estimates, but investors, it appears, were aiming for more growth. Cramer discussed consumer spending at the firm:
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at Ollie’s. . .And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.
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“I would point out that you mentioned, and I thought it was really terrific, I had them on recently, that if you want the bargain place of all bargain places, it’s Ollie’s. Now David if I took you to my Ollie’s, I am a member of Ollie’s, although I am a lowly private first class, that that’s where you buy books. I bought five books there that were totally waterlogged. . . for like a buck and a quarter! That’s how you make it, David.”
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Disclosure: None. This article is originally published at Insider Monkey.
