By Thomas Paulson, Head of Market Insights
Ollie’s Bargain Outlet Holdings reported solid FQ4 results with adjusted sales growth of +9% to $667M (just shy of Advan’s estimate of $672M). Growth was driven by a +2.8% comp-sales increase and 47 (+9%) more stores over the past year, including...
By Thomas Paulson, Head of Market Insights
Over the weekend, again numerous press and blog reports declared Target’s store traffic to be down due to boycotts and upset feelings over Target’s messaging around DEI. However, those reports cite a traffic decline YoY against a week last year that...
By Thomas Paulson, Head of Market Insights
Dollar General reported $10.2B revenue for Q4, up +5.0% YoY, and above our +3.9% estimate* (120bps Moe, 97% correlation). Comp-sales increased +1.2% driven by consumables (+2.7%). The non-consumables comp was roughly flat, the best result since early 202...
By Thomas Paulson, Head of Market Insights
Kohl’s: Quarterly sales were “less bad” at a decline (-9.4%) than our preview (we said -14%). In our preview, we also forecasted that incoming CEO Ashley Buchanan would set a very low bar on forward expectations, he did. Revenue for 2025 was guided for a...
By Thomas Paulson, Head of Market Insights
Dick’s Sporting Goods, Inc. reported solid results, including an underlying sales increase of 6% based upon a 6.4% comp-sales increase and improved gross margin rate. The comp-sales increase was composed of increases of 4.4% in comp-ticket, 2.0% in...
By Thomas Paulson, Head of Market Insights
Last week’s analysis included management’s comments relative to any DEI backlash that they were seeing no impact to their business. However, over the weekend, media outlets wrote about a negative impact on Target store traffic and business from the...
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