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Ollie's Bargain Outlet Slips Amid Lower Same-Store Sales

M. Corey Goldman

Shares of Ollie's opened the trading day Friday down 2.81% at $94.84 on the Nasdaq Stock Market after the company reported adjusted net income of $30.2 million, or 46 cents a share, vs. adjusted net income of $26.6 million, or 41 cents a share, in the comparable year-ago quarter. Analysts polled by FactSet current expect per-share earnings of $2.15.