AP NEWS
Click to copy
Press release content from Business Wire. The AP news staff was not involved in its creation.
Click to copy
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Bragar Eagel & Squire, P.C. is Investigating Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) on Behalf of Ollie’s Stockholders and Encourages Ollie’s Investors to Contact the Firm

September 13, 2019

NEW YORK--(BUSINESS WIRE)--Sep 12, 2019--

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.

Click here to participate in the action.

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 investigations@bespc.com, 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190912005967/en/

CONTACT: Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Melissa Fortunato, Esq.

(212) 355-4648

investigations@bespc.com

www.bespc.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Bragar Eagel & Squire, P.C.

Copyright Business Wire 2019.

PUB: 09/12/2019 08:17 PM/DISC: 09/12/2019 08:17 PM

http://www.businesswire.com/news/home/20190912005967/en

All contents © copyright 2019 The Associated Press. All rights reserved.