Ollie’s Q3 Earnings: Insights and Impacts on the Closeout Retail Industry

Ollie’s Bargain Outlet is proving why it remains a heavyweight in the liquidation retail space. The Q3 2024 earnings report showed an 8% rise in net sales to $517 million. However, the quarter wasn’t without its challenges—comparable store sales dipped slightly (-0.5%) due to factors like hurricane disruptions, warm weather, and fierce competition from Big Lots’ liquidation events. Despite these headwinds, Ollie’s improved its gross margin by 100 basis points to 41.4%, driven by lower supply chain costs.

3 KPIs to measure the success of a closeouts program

For any company operating in the manufacturing space, collaboration between Supply Chain and Sales teams is critical for ensuring that production volumes remain in harmony with forecasted demand. Throughput, on-time availability, and blended case price are just a few of the traditional “metrics that matter” for optimizing normal retail channels sales.