Ollie's Bargain Outlet Holdings Inc Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Brandon Babcock Cheatham - Citigroup Inc., Research Division - Analyst : This is Bran Cheatham on for Paul. I was wondering, it sounds like product availability is very good, but I was just wondering if the competitive dynamics for product has changed at all for the last couple of quarters.

Question: Brandon Babcock Cheatham - Citigroup Inc., Research Division - Analyst : Got it. And then the new vendors that you've added, did they come to you because of disruptions in their business? Did you seek them out? And are you adding them to kind of your total Rolodex? Or are you just kind of high-grading the vendor relationships?

Question: Brian Christopher McNamara - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Congrats on the excellent results. With Army penetration continuing to grow rather robustly, I think you said 78% -- I think it was 70% run rate, pre pandemic -- do you believe your underlying comp run rate is structurally higher now as the Army kind of underpins that growth and pandemic impacts fade?

Question: Brian Christopher McNamara - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Great. That's fair. And then any color can you provide on your merchant team build out? Obviously, your merchants are doing a tremendous job historically and particularly over the last 12 months?