Ollie’s Q2 Comparable Sales Fall 1.8% YoY As Smaller Basket Sizes Weigh
Benzinga Newsdesk 2 months ago
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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
- 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 increased 9.1% to $741.3 million, driven by new store unit growth.
- Comparable store sales decreased 1.8%, against a 5.0% increase in last year’s second quarter, with this year’s decrease driven by a decrease in average basket size.