$OLLI Ollie's Bargain Outlet Holdings Tape Reports
Per Ticker.id: $OLLI Ollie's Bargain Outlet Holdings Tape Reports — 1 podcast mention across 1 podcast (30 days), latest 2026-08-20 18:47 UTC.
Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. Good afternoon. Today is Thursday, August 20th, and I'm your host, Kim Kahn. Our top story so far: Walmart flashed a warning about consumer spending with cautious guidance in its latest earnings report. The retail giant also stumbled on domestic sales, sending shares lower. Walmart guided for Q3 EPS of $0.62 to $0.64, below the $0.69 consensus. For the full year, Walmart sees EPS of $2.80 to $2.87 compared to the $2.90 consensus. On the earnings call, management said its below-consensus outlook reflects the continued prioritization of reinvesting remaining tariff refunds into customer rollbacks. Shares are down nearly 10% and Bespoke Invest notes that that would be Walmart's 6th decline in its last 7 earnings reaction days. Comparable sales in the U.S. rose 2.6%, missing the consensus estimate of 3.7% by more than a full percentage point, and marking the slowest growth in 6 years. Walmart's adjusted operating income rose 17.4%, including the impact of tariff refunds, partially offset by price investments during the quarter. Adjusted EPS came in at $0.81, topping the $0.74 consensus. Retailers Kohl's, Ollie's Bargain Outlet Stores, Dick's Sporting Goods, Savers Value Village, BJ's Wholesale, PriceSmart, Dollar Tree, and Costco are all lower. Among other active stocks, Alibaba is down but off its lows post-earnings as investors weigh a sharp increase in AI spending against accelerating cloud growth. Analysts remain broadly positive on the stock with cloud strength supporting their views. Deere is up after topping fiscal Q3 forecasts. The results provide further evidence that strength in construction equipment, smaller farm machinery, and turf products is helping offset the downturn in large agricultural equipment. And Advanced Auto Parts is plunging after the retailer noted the impact constrained household budgets had on the do-it-yourself channel during Q2, particularly in the last 4 weeks of the quarter. On the economic front, Treasury yields are back on the rise with the 10-year back at 4.75% and the 30-year at 5.25% after the Philly Fed Manufacturing Index came in surprisingly strong. The index rose to 47.4 in August from 41.4 in July, confounding expectations for a drop to 25. It was the highest level since April 2021. Treasury Secretary Scott Bessant said the government may increase its buybacks of 30-year Treasuries beyond the $4 billion per issue he announced Wednesday.
Kim Kahn — Wall Street Breakfast · Walmart flashes consumer warning · 2026-08-20