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 ...

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 ...

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]

• Total net sales increased 18.0% to $648.9 million. Excluding the impact of the 53rd week, net sales increased 11.9%. Net sales in the 53rd week were $34.0 million and contributed approximately $0.04 to diluted earnings per share. • Comparable store sales increased 3.9% from the prior year increase of 3.0%. • The Company opened 7 new stores, ending the quarter with 512 stores in 30 states, a year-over-year increase in store count of 9.4%. • Operating income increased 44.3% to $97.7 million and operating ma ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Ollie's Bargain Outlet Holdings, Inc. Delaware (State or other jurisdiction of incorporation) 6295 Allentown Boulevard Suite 1 Harrisburg, Pennsylvania 17112 (Address of principal executive offices) ( ...

Financial Data and Key Metrics Changes - Comparable store sales increased by 7% in Q3, net sales rose by 14.8% to $480 million, and adjusted EBITDA increased by 29.5% to $51 million [39][60] - Adjusted net income grew by 37.4% to $32 million, with adjusted earnings per share at $0.51 compared to $0.37 last year [62] - Gross margin improved by 100 basis points to 40.4%, primarily due to favorable supply chain costs [61] Business Line Data and Key Metrics Changes - Over 60% of product categories comped positively, with top performers including candy, sporting goods, housewares, food, and toys [40][54] - The company opened a record 23 new stores in the quarter, bringing the total to 505 stores across 30 states [47][54] Market Data and Key Metrics Changes - The company noted strong deal flow and consumer demand for branded merchandise at reduced prices, indicating a favorable market environment for closeout opportunities [41][42] - Membership in Ollie's Army increased by almost 5% year-over-year, accounting for over 80% of sales in the quarter [44][53] Company Strategy and Development Direction - The company aims for double-digit sales growth, a 40% gross margin, and double-digit EBITDA growth in the long term [45] - Continued investment in supply chain improvements and store growth is a key focus, with plans to open additional distribution centers [52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the current business trends and raised sales and earnings guidance for the full year based on strong Q3 results [39][64] - There is some uncertainty in the marketplace regarding consumer demand, but management believes their value proposition is resonating well with customers [9][60] Other Important Information - SG&A expenses as a percentage of net sales leveraged 40 basis points to 29.5%, driven by the leverage of fixed expenses [54] - The company plans to open seven new stores in Q4, with a comp sales expectation of approximately 3% [65] Q&A Session Summary Question: Promotional cadence in Q3 and its impact - Management confirmed that the ad shift and promotional strategies met expectations, with an anticipated 100 basis points impact into Q4 [4][5] Question: Same-store sales expectations for 2024 - Management maintained a long-term guidance of 1% to 2% comp sales growth, despite challenging comparisons from previous years [14][16] Question: Improvements made to capitalize on the value-seeking environment - Management highlighted ongoing investments in supply chain and store operations to enhance productivity and execution [30][31] Question: Marketing efforts and younger customer demographics - The company has significantly increased its digital marketing spend, focusing on social media and influencer partnerships to attract younger customers [83] Question: Labor market outlook for 2024 - Management noted improved stability in turnover rates and anticipated mid-single-digit wage increases for the upcoming year [107][108] Question: Deal flow and vendor relationships - Management indicated that they continue to be selective with vendor deals, maintaining a strong deal flow across various categories [100][102]