Ollie’s Bargain Outlet's (NASDAQ: OLLI) share price fell in the wake of its Q2 release as near-term headwinds overshadowed structural improvements.
The near-term headwind is a weak comp-store showing, with comps down unexpectedly on a contraction in basket size. The weakness runs counter to industry trends, which show other retailers, specifically off-price and discount retailers, doing well, and may be more of a one-off than not.
