Wall Street expects a year-over-year increase in earnings on higher revenues when Ollie's Bargain Outlet (OLLI) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on June 5, 2024, might help the stock move higher if these key numbers are better ...

HARRISBURG, Pa., May 24, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced that at the conclusion of a final sale hearing, the United States Bankruptcy Court for the District of Delaware approved the Company's stalking horse bid to acquire eleven former 99 Cents Only Stores locations. The Company and debtor entered into an asset purchase agreement to acquire eleven former 99 Cents Only Stores locations for $14.6 million in cash. The locations were a ...

"We are very excited to be announced as the winning bidder of these store locations. These stores are the right size, located in good trade areas, have attractive rents and leasing structures, and have been serving value- oriented customers for many years. Texas is a great market for us that has tremendous growth potential and continues to benefit from strong population growth," said John Swygert, President and Chief Executive Officer of Ollie's. HARRISBURG, Pa., May 24, 2024 (GLOBE NEWSWIRE) -- Ollie's Bar ...

HARRISBURG, Pa., May 22, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") announced today that it will release its financial results for the first quarter of fiscal year 2024 on Wednesday, June 5, 2024, before the market opens. Following the release, at 8:30 a.m. Eastern Time, the Company's management team will host a conference call to discuss its results. To access the live conference call, please pre-register here. Registrants will receive a confirmation with d ...

To access the live conference call, please pre-register here. Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company's website at https://investors.ollies.us/. About Ollie's We are America's largest retailer of Closeout merchandise and excess inventory, offering Real Brands and Real Bargain prices®! We offer extreme value on brand name products in a ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Growth Score While good value is important, growth investors are more focused on a company's fi ...

Ollie's Bargain Outlet Holdings, Inc. (OLLI) continues to excel due to its unique business model of "buying cheap and selling cheap." This approach, combined with cost-containment efforts, a focus on store productivity and the expansion of its customer loyalty program, Ollie's Army, has solidified its position in the market. The company's success can be attributed to its ability to offer compelling deals that resonate well with consumers. No wonder, Ollie's Bargain's favorable vendor relationships are also ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Ollie's Bargain Outlet (OLLI) , which belongs to the Zacks Consumer Products - Staples industry.This retailer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 9.68%.For the last reported quarter, Ollie's Bargain Outlet came out with ...

Extreme Value Retailer Fundraising Campaign Benefits 132 Partner Food Banks HARRISBURG, Pa., May 3, 2024 /PRNewswire/ -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI), America's largest retailer of brand name closeout merchandise and excess inventory, is proud to announce that it raised more than $791,000 for Feeding America through an in-store fundraising campaign, which ran from March 10th to April 14th. Collected by 513 participating Ollie's stores in 30 states, these donations will benefit 132 Fe ...

Financial Performance - Net sales for the fiscal year ended February 3, 2024, reached $2,102.7 million, a 15.0% increase from $1,827.0 million in the previous year[301] - Gross profit for the same period was $832.4 million, representing a gross margin of approximately 39.6%[301] - Operating income increased to $227.8 million, up 74.0% from $130.9 million in the prior year[301] - Net income for the fiscal year was $181.4 million, a significant increase of 76.3% compared to $102.8 million in 2023[301] - Basic earnings per share rose to $2.94, reflecting a 79.3% increase from $1.64 in the previous year[301] Inventory and Assets - As of February 3, 2024, inventories were valued at $505.8 million, with shrinkage estimation being a critical audit matter[295] - Total assets increased to $2,294,594, up from $2,044,096, representing a growth of approximately 12.2% year-over-year[304] - Cash and cash equivalents rose to $266,262, compared to $210,596, marking an increase of about 26.5%[310] - Total current assets increased to $871,428, up from $754,296, indicating a growth of around 15.5%[304] - Stockholders' equity increased to $1,508,232 from $1,362,069, reflecting a growth of approximately 10.7%[304] Expenses and Liabilities - The company reported a significant increase in selling, general and administrative expenses, totaling $562.7 million, up from $490.6 million in the previous year[301] - Total liabilities rose to $786,362, compared to $682,027, which is an increase of approximately 15.3%[304] - The Company’s total accrued expenses rose to $82,895,000 in 2024 from $76,959,000 in 2023, marking an increase of 7.5%[365] Cash Flow and Investments - The company reported net cash provided by operating activities of $254,497, significantly higher than $114,346 from the previous year[310] - The company invested $124,404 in property and equipment during the fiscal year, compared to $51,667 in the previous year, indicating a significant increase in capital expenditures[310] - The company holds Treasury Bonds valued at $49,765,000, Municipal Bonds at $10,136,000, and Corporate Bonds at $27,079,000 as of February 3, 2024[320] Tax and Compliance - The income tax expense for the fiscal year ended February 3, 2024, was $61.046 million, compared to $31.093 million in 2023 and $46.928 million in 2022[373] - The effective income tax rate for the fiscal year ended February 3, 2024, was 25.2%, an increase from 23.2% in 2023 and 23.0% in 2022[373] - Total deferred tax assets as of February 3, 2024, were $134.173 million, up from $120.684 million in 2023[375] Shareholder Activities - In 2023, the company repurchased 808,669 shares of its common stock for $52.5 million, while in 2022, it repurchased 848,133 shares for $41.8 million, and in 2021, it repurchased 3,113,981 shares for $220.0 million[394] - As of February 3, 2024, the company had $85.7 million remaining under its share repurchase authorization[394] Market Expansion - The company expanded to 512 retail locations across 30 states as of February 3, 2024, indicating continued market expansion[313] Miscellaneous - The impact of inflation on the company's financial condition has been deemed immaterial, although future impacts cannot be ruled out[285] - The company has no outstanding variable rate debt under its Revolving Credit Facility as of February 3, 2024[284] - The company has not recorded any impairment of goodwill or intangible assets for the fiscal years 2023, 2022, and 2021[333][335]