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Ollie’s Bargain Outlet Holdings, Inc.

Company NameOllie’s Bargain Outlet Holdings, Inc.
Stock SymbolOLLI
Class PeriodJune 06, 2019 to August 28, 2019
Lead Plaintiff Motion DeadlineNovember 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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