Ollie’s Bargain Outlet Holdings, Inc. (OLLI), a leading retailer of brand name merchandise, reported its fiscal 2024 first-quarter results. The company posted revenue of $508.82 million, indicating an increase of 10.8% compared to the first quarter of 2023. And its gross profit grew 17.2% from the year-ago value to $209.36 million.
During the first quarter, Ollie opened four new stores in the U.S., ending the quarter with 516 stores in 30 states in total, reflecting a year-over-year increase in store count by 8.4%.
