Ollie’s Q4 Sales Jump 16.8%, 3.6% Comps; Price Target Lifts to $130
Ollie’s Q4 EPS topped projections with 16.8% sales growth and 3.6% comps, driven by store expansion and loyalty program gains, though revenue slightly trailed estimates. Wells Fargo raised its rating to Overweight with a $130 target, up from $120, citing momentum from the Q4 update.
1. Q4 Earnings and Revenue Highlights
Ollie’s reported Q4 adjusted EPS above consensus, driven by 16.8% year-over-year sales growth and a 3.6% lift in comparable-store sales, while total revenue slightly missed analyst forecasts.
2. Expansion and Loyalty Program Impact
The chain expanded its store footprint in new and existing markets and enhanced its MyOllie loyalty program, both contributing to stronger foot traffic and higher average transaction values.
3. Wells Fargo Upgrade and Price Target
Wells Fargo elevated Ollie’s rating to Overweight and lifted its price target to $130 from $120, citing the Q4 results and ongoing growth catalysts as key drivers.