The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Brandon Babcock Cheatham - Citigroup Inc., Research Division - Analyst
: This is Brad Cheatham on for Paul. I think you mentioned there were a handful of stores that you all were disappointed with or working on. Just
wondering if we could dig in. Is there anything unique about them like geographically or are they similar vintage? And any additional color on
what you might be able to do to remedy that?
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AUGUST 26, 2021 / 8:30PM, OLLI.OQ - Q2 2021 Ollie's Bargain Outlet Holdings Inc Earnings Call
Question: Brandon Babcock Cheatham - Citigroup Inc., Research Division - Analyst
: Okay. And then on the markets where you have adjusted your wages, has there been any change since states have rolled off some incremental
unemployment benefits? Just any additional information on that.
Question: Brian Christopher McNamara - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: So inventories appear pretty lean across retail. You have kind of record price realization. I was wondering if you could give a bit more color on
where exactly your excess supply that you're acquiring is coming from?
Question: Brian Christopher McNamara - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Got it. And then, I guess, as a follow-up to that, another close-out retail executive this morning basically stated that retail, in general, could see kind
of negative comps next year as this year is kind of full of onetime benefits.
And as supply chain pressures ease, we could see an increase in the flow of merchandise into the country at the same time, these comps turn
negative. I'm curious if; one, you would generally agree with that assessment; and two, it seems like that would really benefit Ollie's in terms of
supply, if that played out?
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