Ollie’s (OLLI) Earnings Call: Profits Up, Comps Soft
Ollie’s Bargain Outlet (OLLI) reported Q2 earnings with adjusted net income up 40% to $85M, EPS up 43% to $1.42, and EBITDA up 36% to $127M. Net sales rose 9.1% to $741M, driven by new store openings. Comparable sales fell 1.8% due to weather, consumer pressure, and promotions. The company opened 15 new stores and raised its full-year buyback expectation to $175M.




