Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) shareholders lost ground to the market on Friday, with the stock diving 20% by 2 p.m. ET. The retailer announced surprisingly weak sales results for the third quarter while forecasting continued supply chain challenges over the short term. Management blamed supply chain challenges for pushing sales and profits below its expectations for the period.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting