Ollie's Bargain Outlet: Solid Q1 2024 Performance Supports My Bullish View

Investment action Review With this view, I expect OLLI to continue benefiting from a trade-down effect. Management had specifically called out that lower-income customers remained relatively stable, and trends from their lower-income customers were consistent vs. last quarter. In my view, this paints a very encouraging picture of underlying demand. OLLI's 1Q24 performance was very supportive of my view, as SSS growth of 3% was primarily driven by an increase in basket size (which contributed 2% of the 3%), ...