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Fly News Breaks for April 5, 2018
OLLI
Apr 5, 2018 | 08:45 EDT
MKM Partners analyst Patrick McKeever kept his Neutral rating and $59 price target on Ollie's Bargain Outlet after the company's Q4 earnings and FY18 outlook. The analyst noted that while Q4 comps of 4.4% were better than expected, quarter-to-date SSS are decelerating into the 2% range. McKeever added that lower store traffic offset higher average ticket spending, planning to monitor that trend. The analyst further noted some gross margin compression at Ollie's as the industry faces higher shipping costs and fuel prices.
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