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Meanwhile, shares of luxury giants like LVMH have languished.
Bargains Coming to Belmont, NH HARRISBURG, Pa. , July 17, 2025 /PRNewswire/ -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) today celebrates the Grand Opening of its 600th store in Belmont and expansion into New Hampshire, its 34th state.
Celebrating its 10th Anniversary on the Exchange, Opening of its 600th Store and Expansion into its 34th State Celebrating its 10th Anniversary on the Exchange, Opening of its 600th Store and Expansion into its 34th State
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Note: Ollie's FY 2024 ended Feb 2025.
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I rate OLLI a buy, driven by strong execution, robust new store growth, and tailwinds from Big Lots' exit, supporting double-digit growth. OLLI's scale and Ollie's Army loyalty program drive customer engagement, recurring sales, and provide valuable consumer insights for optimized assortments. The current retail environment, with excess inventory and store closures, allows OLLI to source goods at attractive prices, fueling margin stability and growth.
Ollie's Bargain Outlet (OLLI) and HealthEquity (HQY) have implemented successful growth strategies that investors are surely looking for.
OLLI's value model pays off in the first quarter of 2025, with better-than-expected results and 25 new stores fueling top-line growth.
Discount retailer, Ollie's, recently reported Q1 results that surpassed expectations. The company reported double-digit sales growth during the quarter, including comparable sales growth of 2.6%. The closure and absorption of space formerly occupied by Big Lots has resulted in a positive catalyst for the retailer.