Lauren Ng's questions to Ollie's Bargain Outlet Holdings (OLLI) leadership • Q2 2025
Question
Lauren Ng, on for Simeon Gutman, asked what specifically drove the higher merchandise margin (better buying vs. product mix) and requested a breakdown of the 5% Q2 comp between ramping new stores and mature stores.
Answer
EVP and CFO Robert Helm attributed the higher merchandise margin primarily to strong deal flow with better-than-expected margins and lower shrink, noting that product mix was in line with expectations. Regarding the comp drivers, he stated that the company saw broad-based strength across all store cohorts and vintages, rather than it being driven by a specific group.