Ollie’s Bargain Outlet Stock Rises After Q4 Earnings, Share Buyback Program: Retail Remains Cautious
Sentiment on Stocktwits ended on a ‘bullish’ note on Tuesday compared to ‘bearish’ a day ago.
Kohl’s posted better-than-expected earnings, with earnings per share of $0.95, surpassing estimates of $0.72.
Wall Street analysts expect the company to post Q4 earnings per share of $3.52 on revenue of $3.78 billion.
The company plans to boost new store openings in 2025 above its 10% annual growth target and open about 75 units.
Sentiment on Stocktwits improved to ‘bullish’ from ‘bearish’ a week ago.
According to the analyst report, a "storm is brewing" in the U.S. consumer discretionary sector
The retailer plans to cut nearly 10% of its corporate workforce in a bid to boost profitability.
Sentiment on Stocktwits turned ‘bearish’ from ‘bullish’ a week ago. Message volumes rose to ‘extremely high’ from ‘high.’
According to Citi, Ollie's is "well positioned to win in the uncertain retail landscape"