Ollie’s Bargain Outlet Posts Better-than-Expected Q2 Results
Ollie’s Bargain Outlet Holdings (OLLI) reported sales of $288.1 million, which topped the consensus estimate of $284.7 million. Sales have risen 13.1% on a year-over-year basis. The top-line growth was driven by new store openings and low-value deals. In the second quarter, the company launched a tier ranking system for its loyalty program and also launched the Ollie’s Army mobile app.