Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q4 2023 Earnings Call Transcript

John Swygert: It takes a little while, Mark, for that to work its way through. So the short answer to your question is yes. It does create opportunities. It is creating opportunities. With our model and our focus on second generation sites that meet certain criteria, typically the spaces are vacant for a period of time before the economics makes sense to us and to the landlord to do a deal. So we do like what we’re seeing out there and we like our chances. Some of the vacancies that are being created by this disruption and some of the retailers that are out there that are shedding sites are potentially on the brink of decay. So that is good for us.

Operator: Thank you. This does conclude the question-and-answer session of today’s program. I’d like to hand the program back to John Swygert for any further remarks.

John Swygert: I would like to thank everyone for their time and interest in Ollie’s. We look forward to updating you on our continued progress on our next earnings call. Thank you. Have a great day.

Operator: Thank you, ladies and gentlemen, for your participation in today’s conference. This does conclude the program. You may now disconnect. Good day.