“McDonald’s new debt issues (Baa1/BBB+) may compress by 25 bps from initial price talk, based on comparable deals, despite sector pressures amid a consumer pullback that fed into 1Q results. She said she expects that a portion of the proceeds will be used to refinance $1.5 billion in 2024 debt.”

 “You still have this consumer who is wary. That all really kind of plays right into Ollie’s hands.”

 “We think that Ollie’s is positioned well to benefit from trade-down and expect resilience from its core consumers looking to stretch their dollar.”

 “In addition to liking the 'increasingly powerful' focus on value, Ciccarelli said Ollie's is also in the process of 'reverting back' to what has been the company's steady growth.”

 “The big takeaway from this earnings season is that many of the companies are now getting more cautionary on the future quarters, and the growth prospects and the outlook for their businesses. This is a concern for those reports we haven’t seen yet, particularly from the likes of a Walmart or a Target.”