Thieler Law Corp advises investors with losses exceeding $100,000 of the November 18, 2019 lead plaintiff deadline in a class action lawsuit filed against Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (“Ollie’s” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Ollie’s Bargain Outlet Holdings Inc securities between June 6, 2019 through August 28, 2019, have until November 18, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Ollie’s Bargain Outlet Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company suffered a supply chain issue that impacted the initial inventory available at new stores; as a result, the Company lacked sufficient inventory to meet demand at certain store locations; as a result, the Company’s comparable store sales were likely to decrease quarter-over-quarter; and as a result, Ollie’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On August 28, 2019, the Company reported that comparable store sales decreased 1.7% during second quarter 2019. Furthermore, the Company revealed that a “bottleneck issue” had existed in the supply chain “for most all of Q2” and was not corrected until “the last week of the quarter.”

Following this news, NASDAQ: OLLI fell $21.41, or over 27%, to close at $56.36 on August 29, 2019.

If you were negatively impacted by your investment in Ollie’s Bargain Outlet Holdings Inc securities between June 6, 2019 through August 28, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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