Ollie’s Bargain Outlet Holdings: Initiation of Coverage – 4 Critical Growth Drivers & 3 Major Challenges In Its Path!

This is our first report on retail major, Ollie’s Bargain Outlet Holdings Inc. The company ended its fiscal year 2023 on a strong note, with robust growth recorded in the fourth quarter and across the fiscal year. The company reported better-than-expected top and bottom line results for Q4, achieving a 3.9% increase in comparable store sales, its seventh consecutive quarter of positive comps. Gross margin increased significantly by 290 basis points to 40.5%, driving a 46% increase in adjusted earnings per share.