$Ollie's Bargain Outlet (OLLI.US)$Revenue grew rapidly, reac...
$Ollie's Bargain Outlet (OLLI.US)$Revenue grew rapidly, reaching its peak in 2021. It shrank by 3.1% in 2022, then grew by 4.2% in 2023. Operating profit declined by 26.3% in 2022, and further decreased by 36% in 2023, mainly due to the rapid growth of costs and expenses. Net income experienced a similar trend, significant decline over the past two years.
Revenue increased by 12.9% in Q1 2024, operating profit doubled, and net income grew by 1.5 times.
Currently, the pe ratio is 42, and the trailing pe ratio has dropped to 35.6. If the full-year net income reaches 0.24 billion in 2021, which is equivalent to 8 times the net income of the first quarter, then the pe ratio will drop to 18. If it reaches 6 times the first quarter's net income, the corresponding pe ratio would be 24. It seems promising, but relying on just one month of surging data is not sufficient. It's advisable to wait for a few more financial reports before making a determination.
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