Ollie's Bargain Outlet Q2 Comparable Store Sales +7.9%
Portfolio Pulse from Benzinga Newsdesk
Ollie's Bargain Outlet reported a 7.9% increase in Q2 comparable store sales, up from a 1.2% increase in the prior year. The company also opened six new stores, bringing the total to 482 stores in 29 states, a 7.3% increase in store count year-over-year.
August 31, 2023 | 11:32 am
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POSITIVE IMPACT
Ollie's Bargain Outlet's Q2 comparable store sales increased by 7.9% YoY, and the company expanded its store count by 7.3% YoY.
The reported increase in comparable store sales and store count indicates a strong performance for Ollie's Bargain Outlet. This positive news is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100