Ollie’s Q2 Comparable Sales Fall 1.8% YoY As Smaller Basket Sizes Weigh
Opened 15 new stores and closed one store related to storm damage, ending the quarter with 686 stores in 36 states, an increase of 11.9%.Ollie’s Army loyalty members increased 12.7% to 18.1 million members.Net sales
Ollie's sold a tiny bit less stuff per customer this quarter, even though they opened 15 new stores and got more loyalty members. When customers buy smaller amounts, it can mean people are spending less money, so watch if this trend keeps happening.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.