Ollie’s Bargain Outlet Holdings, Inc.
Company Name | Ollie’s Bargain Outlet Holdings, Inc. |
Stock Symbol | OLLI |
Class Period | June 06, 2019 to August 28, 2019 |
Lead Plaintiff Motion Deadline | November 18, 2019 |
On August 28, 2019, Ollie’s reported that comparable store sales decreased 1.7% during second quarter 2019. In addition, Ollie’s disclosed that a “bottleneck issue” had existed in its supply chain “for most all of Q2” and was not corrected until “the last week of the quarter.”
On this news, shares of Ollie’s fell $21.41, or over 27%, to close at $56.36 per share on August 29, 2019, thereby injuring investors.
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