Can Ollie’s Bargain Outlet Sustain Sales Momentum?
Ollie’s Bargain Outlet Holdings (OLLI) has reported a sales CAGR growth rate of 18.8% from 2013 to 2017. The company’s sales growth for fiscal 2013, 2014, 2015, 2016, and 2017 stood at 13.7%, 17.9%, 19.4%, 16.8%, and 21.0%, respectively. As a result, Ollie’s Bargain stores can offer merchandise substantially below department stores and mass market retailers, making it very attractive to the masses.