NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims against Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) on behalf of Ollie’s stockholders. Our investigation concerns whether Ollie’s has violated the federal securities laws and/or engaged in other unlawful business practices.
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On August 28, 2019, Ollie’s announced disappointing financial results for the second quarter and revised sales and earnings guidance for the full-year fiscal 2019. The company reported that comparable store sales decreased 1.7%. Additionally, Ollie’s disclosed the existence of a “bottleneck issue” in the supply chain “[t]hat existed for most all of Q2,” which was not corrected until “the last week of the quarter.”
On this news, shares of Ollie’s fell $21.41, or 27.5%, to close at $56.36 on August 29, 2019.
If you purchased or otherwise acquired Ollie’s shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Ollie’s please go to http://www.bespc.com/olli. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.