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Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 10.8% year on year to $508.8 million. The company's outlook for the full year was also close to analysts' estimates with revenue guided to $2.27 billion at the midpoint. It made a non-GAAP profit of $0.73 per share, improving from its profit of $0.49 per share in the same quarter last year.
Lululemon is expected to report first quarter results after the bell on Wednesday as investors search for more clarity on future sales growth amid a 40% fall in the stock this year.