Financial Data and Key Metrics Changes - For Q2 2022, net sales totaled $452.5 million, an increase of 8.8% from the prior year, with comparable store sales increasing by 1.2% [17] - Gross profit decreased by 11.9% to $143.6 million, and gross margin decreased by 750 basis points to 31.7% compared to 39.2% in the same period a year ago [17] - Operating income totaled $16.5 million, down from $45.7 million in the prior year, with operating margin decreasing by 730 basis points to 3.7% [18] - Adjusted net income was $13.7 million, with adjusted diluted earnings per share at $0.22 [18] - Capital expenditures totaled $14 million, compared to $8.2 million in the prior year [19] Business Line Data and Key Metrics Changes - The company opened 11 new stores and closed one, ending the quarter with 449 stores, a 9.8% year-over-year increase in store count [17] - The inventory position increased by 32.3% to $494.1 million compared to $373.6 million a year ago, driven by increased supply chain costs and the number of stores [19] Market Data and Key Metrics Changes - The closeout market remains favorable with an abundance of deals due to canceled orders, excess inventory, and supply chain disruptions [9] - The company is seeing signs of consumers trading down to seek value amidst inflationary pressures [10] Company Strategy and Development Direction - The company is focused on providing real brands at bargain prices, especially during inflationary times, and is committed to offering great deals [8] - Plans to open between 41 and 43 new stores in fiscal 2022, with a focus on returning to a long-term cadence in fiscal 2023 [12] - The company is finalizing plans to open a fourth distribution center in the Midwest in 2024 to support growth [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledges several consumer headwinds due to inflation, particularly higher gas and food prices, but remains optimistic about the back half of the year [10] - The company expects gross margins to improve materially in the second half of the year due to easing supply chain expenses [10] - For the full year, total net sales are expected to be between $1.843 billion and $1.861 billion, with comparable store sales projected to decline by 2.5% to 1.5% [20] Other Important Information - The customer loyalty program, Ollie's Army, grew by 6% to 12.9 million active members, achieving over 80% sales penetration [13] - The company is in the test and learn phase of its store remodel program, with eight remodels completed and plans for approximately 30 by year-end [12] Q&A Session Summary Question: What drove the gross margin miss in Q2? - Management indicated that two-thirds of the miss was due to overall merchandise margin and one-third from supply chain issues [26] Question: Will there be new products or sharper pricing in the back half of the year? - Management expects a lot of new products and strong deals in the back half of the year [28] Question: How has the guidance changed for the back half of the year? - Most changes are expected in Q3 due to timing of securing higher-margin deals [34] Question: What is the outlook for gross margins going forward? - Management anticipates gross margins to normalize around 39.5% in Q3 and Q4 [39] Question: How is the consumer behavior shifting? - The consumer is moving away from larger ticket items and focusing more on consumables [44] Question: What is the impact of potential minimum wage increases? - An increase to $15 per hour would create significant pressure, but the gap has narrowed as the average hourly rate is around $11 [70] Question: What is the current cash versus credit payment mix? - Approximately 80% of transactions are made with plastic (credit/debit), while 20% are cash [116]

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 April 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Ollie's Bargain Outlet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-37501 80-0848819 (Commission File Number) (IRS Em ...

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q1 2022 Earnings Conference Call June 8, 2022 8:30 AM ET Company Participants Jean Fontana - IR, ICR John Swygert - President and Chief Executive Officer Jay Stasz - Senior Vice President and Chief Financial Officer Eric van der Valk - Executive Vice President and Chief Operating Officer Conference Call Participants Jason Haas - Bank of America Peter Keith - Piper Sandler Mark Carden - UBS Edward Kelly - Wells Fargo Kate McShane - Goldman Sachs Simeon Gutm ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 29, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-37501 Ollie's Bargain Outlet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 80-0848819 (Stat ...

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q4 2021 Earnings Conference Call March 23, 2022 4:30 PM ET Company Participants Jean Fontana - Investor Relations, ICR, Inc. John Swygert - President and Chief Executive Officer Jay Stasz - Senior Vice President and Chief Financial Officer Eric van der Valk - Executive Vice President and Chief Operating Officer Conference Call Participants Brad Thomas - KeyBanc Kate McShane - Goldman Sachs Peter Keith - Piper Sandler Matthew Boss - JP Morgan Simeon Gutman ...

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 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Ollie's Bargain Outlet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-37501 80-0848819 (Commission File Number) (IRS Emp ...

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q3 2021 Earnings Conference Call December 2, 2021 4:30 PM ET Company Participants Jean Fontana - IR, ICR, Inc. John Swygert - President and CEO Jay Stasz - SVP and CFO Eric van der Valk - EVP and COO Conference Call Participants Matthew Boss - JPMorgan Simeon Gutman - Morgan Stanley Peter Keith - Piper Sandler Edward Kelly - Wells Fargo Jason Haas - Bank of America Merrill Lynch Paul Lejuez - Citi Jeremy Hamblin - Craig-Hallum Operator Good afternoon, and ...

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 July 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Ollie's Bargain Outlet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-37501 80-0848819 (Commission File Number) (IRS Emp ...

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q2 2021 Earnings Conference Call August 26, 2021 4:30 PM ET Company Participants Jean Fontana - IR, ICR, Inc. John Swygert - President and CEO Jay Stasz - SVP and CFO Eric van der Valk - EVP and COO Conference Call Participants Matthew Boss - JPMorgan Kate McShane - Goldman Sachs Michael Kessler - Morgan Stanley Randy Konik - Jefferies Brad Thomas - KeyBanc Peter Keith - Piper Sandler Edward Kelly - Wells Fargo Bran Cheatham - Citi Rick Nelson - Stephens J ...

(Exact name of registrant as specified in its charter) 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 May 1, 2021 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) 001-37501 80-0848819 (Commission File Number) (IRS Emplo ...