Store Expansion and Growth - Store count increased from 388 to 559, representing a compound annual growth rate (CAGR) of 9.5%[26] - The company plans to expand its store base significantly, with potential for over 1,300 national locations[31] - As of February 1, 2025, the company operated 559 stores, with a target to increase to over 1,300 locations based on internal estimates[53][58] - The company plans to open 75 new stores in the upcoming year, prioritizing locations acquired through bankruptcy auctions[55] - The company opened 50 new stores in the last fiscal year, totaling 227 new stores over the past five fiscal years, indicating ongoing expansion efforts[115] Financial Performance - Net sales rose from $1.809 billion to $2.272 billion, achieving a CAGR of 5.9%[26] - Comparable store sales grew at an average rate of 2.0% per year[26] - The company targets first-year annual new store sales of approximately $4.0 million, with a consistent payback period of about two years for new stores[62] - Average annual net sales per store were reported at $4.3 million over the past five years[209] - From 2020 to 2024, net sales grew at a CAGR of 5.9%, with plans for continued growth through new store openings and quality merchandise[214] Customer Engagement and Loyalty - Ollie's Army loyalty program reached 15.1 million members, with over 82% of sales coming from these members in 2024[28] - The company launched a co-branded credit card to enhance the Ollie's Army loyalty program and increase customer spending[34] - Ollie's Army loyalty program has 15.1 million members, accounting for over 82% of net sales, with members spending approximately 40% more per shopping trip than non-members[69] - The company announced a partnership with Sunbit to launch a co-branded Visa® credit card, which aims to enhance customer loyalty but poses reputational risks if not executed properly[128] Merchandise and Supplier Relationships - Brand name closeout merchandise accounted for approximately 65% of the retail value of 2024 merchandise purchases[23] - Non-closeout and private label products accounted for approximately 35% of the retail value of merchandise purchases in 2024[45] - The company aims to enhance supplier relationships to increase the assortment of brand name closeout products[33] - The company sources from over 1,200 suppliers, with an average relationship of over 15 years with the top 15 suppliers[49] - The company’s competitive advantage lies in direct buying relationships with major manufacturers, which enhances access to brand name closeout products[216] Operational Efficiency and Distribution - The company operates four distribution centers, supplying approximately 95% of merchandise to stores, with the newest center in Princeton, IL supporting up to 750 stores[51][52] - The company maintains distribution centers in York, PA, Commerce, GA, Lancaster, TX, and Princeton, IL, to support existing and new stores, with potential risks of processing delays affecting inventory and sales growth[119] - The company has invested in expanding its distribution network to 3.0 million square feet and enhancing information technology systems[212] Workforce and Culture - As of February 1, 2025, the company employed over 12,800 associates, with approximately 60% self-identified female and over 40% from racial or ethnic minority backgrounds[82] - The company has a "promote-from-within" culture, with over 60% of current district team leaders and field positions filled by internal promotions in 2024[85] - The company is committed to providing market-competitive compensation and offers various bonus incentive programs based on performance[86] - The company faces challenges in attracting and retaining qualified associates in stores and distribution centers, which may affect sales and operational performance[123] Risks and Challenges - The company faces risks related to supply chain disruptions, which could impact inventory availability and customer satisfaction[97] - Labor shortages and increased turnover have led to higher costs, including overtime and wage increases, which could negatively impact operational efficiency[110] - The company faces intense competition from a variety of retailers, which could limit growth opportunities and adversely affect financial performance[111] - Future increases in costs, such as labor and shipping rates, may reduce profitability due to the company's low-price model[103] - The company may struggle to retain customer loyalty, particularly among members of Ollie's Army, due to intensified competition and alternative shopping options[117] Cybersecurity and Compliance - The company’s cybersecurity program includes regular assessments and testing of policies to address cybersecurity threats[179] - The company maintains a comprehensive cybersecurity program, including incident response and recovery plans that are regularly tested[190] - The company is compliant with PCI standards, but future compliance may incur additional expenses and challenges[144] - Data protection requirements are increasing operating costs, and breaches could lead to significant fines and reputational damage[147] Financial Management and Stock Performance - The company has a five-year $100.0 million revolving credit facility, with $85.8 million of borrowing availability as of February 1, 2025[170] - The stock price fluctuated from a high of $120.03 to a low of $68.05 during the fiscal year ended February 1, 2025[164] - The company has authorized a share repurchase program with an aggregate of $400 million, with approximately $32.7 million remaining as of the end of the 2024 fiscal year[176] - The company does not expect to pay any cash dividends for the foreseeable future due to substantial funding requirements for business operations[166]

Ollie's Bargain Outlet TodayOLLIOllie's Bargain Outlet$105.22 -2.72 (-2.52%) 52-Week Range$68.05▼$120.03P/E Ratio31.41Price Target$123.08Add to WatchlistOllie’s Bargain Outlet NASDAQ: OLLI experienced a game-changing event with Big Lots' bankruptcy. The company is rushing to fill the void, having already acquired more than 60 location leases and planning to accelerate its store openings. The new guidance includes a 50% increase in expected 2025 store openings to 75, a 13% increase that amplifies the long-t ...

Ollie's Bargain Outlet Holdings, Inc. (OLLI) posted fourth-quarter fiscal 2024 results, wherein both the top and bottom lines fell short of the Zacks Consensus Estimate. While net sales increased, earnings decreased from the year-ago period’s actuals. This Harrisburg, PA-based company witnessed an uptick in comparable store sales.OLLI’s Quarterly Performance: Key Metrics & InsightsThis extreme-value retailer of brand-name merchandise posted adjusted earnings of $1.19 per share, missing the Zacks Consensus E ...

Ollie's Bargain Outlet Holdings, Inc. OLLI reported in-line earnings for the fourth quarter on Wednesday.The company reported fourth-quarter adjusted earnings per share of $1.19, in line with the analyst consensus estimate. Quarterly sales of $667.1 million (up 2.8% year over year) missed the analyst consensus estimate of $674.5 million.Comparable store sales increased 2.8% from the prior year's increase of 3.9%."With so many retailers closing stores or going bankrupt in the past year, there are a considera ...

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q4 2024 Earnings Conference Call March 19, 2025 8:30 AM ET Company Participants Eric van der Valk - President & Chief Executive Officer Robert Helm - Executive Vice President & Chief Financial Officer Conference Call Participants Steven Zaccone - Citi Chuck Grom - Gordon Haskett Alexia Morgan - Piper Sandler Matthew Boss - JPMorgan Brad Thomas - KeyBanc Capital Markets Lauren Ng - Morgan Stanley Scot Ciccarelli - Truist Securities Kate McShane - Goldman Sa ...

Core Insights - Ollie's Bargain Outlet reported revenue of $667.08 million for the quarter ended January 2025, reflecting a year-over-year increase of 2.8% but a revenue surprise of -0.75% compared to the Zacks Consensus Estimate of $672.11 million [1] - The company's EPS for the quarter was $1.19, down from $1.23 in the same quarter last year, resulting in an EPS surprise of -0.83% against the consensus estimate of $1.20 [1] Financial Performance Metrics - Comparable store sales increased by 2.8%, slightly above the average estimate of 2.6% based on six analysts [4] - The total number of stores at the end of the period remained at 559, matching the average estimate from four analysts [4] - The company opened 13 new stores, consistent with the average estimate of 13 from four analysts [4] - The average net sales per store were $1.20 million, below the average estimate of $1.24 million from three analysts [4] Stock Performance - Over the past month, shares of Ollie's Bargain Outlet have returned -9.4%, compared to a -8.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Performance - Ollie's Bargain Outlet reported quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.20 per share, and down from $1.23 per share a year ago, representing an earnings surprise of -0.83% [1] - The company posted revenues of $667.08 million for the quarter, missing the Zacks Consensus Estimate by 0.75%, compared to $648.95 million in the same quarter last year [2] - Over the last four quarters, Ollie's has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Ollie's Bargain Outlet shares have declined approximately 9.7% since the beginning of the year, while the S&P 500 has decreased by 4.5% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.76 on revenues of $572.98 million, and for the current fiscal year, it is $3.76 on revenues of $2.57 billion [7] - The outlook for the Consumer Products - Staples industry, where Ollie's operates, is currently in the bottom 40% of over 250 Zacks industries, which may impact stock performance [8]

Sales Performance - Q4 net sales increased 2.8% to $667.1 million, with a comparable store sales increase of 2.8%[4] - Fiscal 2024 total net sales increased 8.0% to $2.272 billion, with a comparable store sales increase of 2.8%[10] - Net sales for the quarter ended February 1, 2025, were $667.1 million, an increase of 2.0% from $648.9 million for the same quarter in 2024[38] - Comparable store sales change for the quarter was 2.8%, compared to 3.9% in the same quarter of 2024[61] - Average net sales per store for the quarter ended February 1, 2025, was $1,200,000, down from $1,273,000 in the same quarter of 2024[61] Store Expansion - The company opened 13 new stores in Q4, ending the quarter with 559 stores, a 9.2% year-over-year increase[4] - The company plans to open 75 new stores in fiscal 2025, up from 50 in fiscal 2024[28] - The number of stores open at the end of the quarter was 559, an increase from 512 at the end of the same quarter in 2024[61] - The company opened 13 new stores in the quarter, compared to 7 new stores opened in the same quarter of 2024[61] Financial Performance - Net income for Q4 was $68.6 million, or $1.11 per diluted share, a decrease of 10.4% from the prior year[12] - Net income for the fiscal year 2025 was $199.8 million, representing an increase of 10.0% from $181.4 million in 2024[38] - The company reported a diluted earnings per share of $3.23 for the fiscal year 2025, compared to $2.92 in 2024, reflecting an increase of 10.6%[38] - Net income for the quarter ended February 1, 2025, was $68,554,000, down from $76,475,000 in the same quarter of 2024, a decrease of 10.5%[54] - Adjusted net income for the fiscal year ended February 1, 2025, was $202,418,000, compared to $180,365,000 in 2024, an increase of 12.2%[54] EBITDA and Operating Income - Adjusted EBITDA for Q4 was $109.4 million, with an adjusted EBITDA margin of 16.4%[13] - Operating income for the quarter was $87.7 million, a decrease of 10.0% compared to $97.7 million in the same quarter last year[38] - Adjusted operating income for the fiscal year ended February 1, 2025, was $254,991,000, up from $227,799,000 in 2024, representing an increase of 11.9%[51] - EBITDA for the quarter ended February 1, 2025, was $100,317,000, compared to $107,357,000 in the same quarter of 2024, a decrease of 6.9%[60] - Adjusted EBITDA for the fiscal year ended February 1, 2025, was $313,076,000, up from $275,156,000 in 2024, an increase of 13.8%[60] Assets and Cash Flow - Total assets as of February 1, 2025, were $2.56 billion, an increase from $2.29 billion as of February 3, 2024[42] - Cash and cash equivalents decreased to $205.1 million from $266.3 million year-over-year[42] - The company ended fiscal 2024 with cash and cash equivalents of $428.7 million, compared to $353.2 million at the end of fiscal 2023[21] - Net cash provided by operating activities for the fiscal year was $227.5 million, down from $254.5 million in 2024[45] Capital Expenditures and Share Repurchase - Capital expenditures for fiscal 2024 were $120.6 million, primarily for new store development and distribution center completion[23] - The company announced a new share repurchase authorization for an additional $300 million of its outstanding common stock[25] Future Outlook - Fiscal 2025 net sales are estimated to be between $2.564 billion and $2.586 billion[28] - The company plans to continue expanding its market presence and investing in new store openings to drive future growth[38]

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. has announced a new share repurchase authorization of $300 million, effective through March 31, 2029, reflecting the company's commitment to returning capital to shareholders while pursuing growth opportunities [1][2]. Financial Performance - The company has repurchased nearly $414 million, or 5.5 million shares, since initiating its first buyback in 2019 [1]. - As of the end of fiscal 2024, Ollie's reported $429 million in cash and short-term investments, with no borrowings under its revolving credit facility, indicating strong cash generation capabilities [2]. Business Strategy - The company aims to balance accelerated growth with capital returns to investors through share repurchases, while also addressing working capital needs [2]. - Ollie's operates 575 stores across 31 states, positioning itself as America's largest retailer of closeout merchandise and excess inventory [3].

Core Points - Ollie's Bargain Outlet Holdings, Inc. has announced a new share repurchase authorization of $300 million for its outstanding common stock, effective through March 31, 2029 [1] - The company has repurchased nearly $414 million, or 5.5 million shares, since initiating its first buyback in 2019 [1] - The company reported having $429 million in cash and short-term investments with no borrowings under its revolving credit facility at the end of fiscal 2024, indicating strong cash generation [2] Company Overview - Ollie's is the largest retailer of closeout merchandise and excess inventory in America, offering a variety of brand name products at discounted prices [3] - The company operates 575 stores across 31 states and continues to expand its footprint [3]