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 28, 2023 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 2022 Earnings Conference Call March 22, 2023 8:30 AM ET Company Participants Lyn Walther - ICR John Swygert - President and Chief Executive Officer Eric van der Valk - Executive Vice President and Chief Operating Officer Rob Helm - Senior Vice President and Chief Financial Officer Conference Call Participants Peter Keith - Piper Sandler Eric Cohen - Gordon Haskett Jeremy Hamblin - Craig-Hallum Bradley Thomas - KeyBanc Jason Haas - Bank of America Kate M ...

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q3 2022 Earnings Conference Call December 7, 2022 8:30 AM ET Company Participants Lyn Walther - ICR John Swygert - President and Chief Executive Officer Rob Helm - Senior Vice President and Chief Financial Officer Eric van der Valk - Executive Vice President and Chief Operating Officer Conference Call Participants Taylor Zick - KeyBanc Capital Markets Matt Edgar - Piper Sandler Jason Haas - Bank of America Edward Kelly - Wells Fargo Jeremy Hamblin - Craig- ...

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 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) 6295 Allentown Boulevard Suite 1 Harrisburg, Pennsylva ...

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 ...

Financial Performance - Net sales for the fiscal year ended January 29, 2022, were $1,752.995 million, a decrease of 3.1% compared to $1,808.821 million in the previous year[320] - Gross profit for the fiscal year ended January 29, 2022, was $681.246 million, down from $723.366 million in the prior year, reflecting a gross margin of approximately 38.8%[320] - Operating income decreased to $204.592 million for the fiscal year ended January 29, 2022, compared to $277.500 million in the previous year, representing a decline of 26.3%[320] - Net income for the fiscal year ended January 29, 2022, was $157.455 million, a decrease of 35.2% from $242.696 million in the prior year[320] - Basic earnings per share for the fiscal year ended January 29, 2022, were $2.44, down from $3.75 in the previous year, indicating a decline of 34.9%[320] Expenses and Liabilities - The company reported selling, general and administrative expenses of $447.615 million for the fiscal year ended January 29, 2022, an increase of 6.8% from $418.889 million in the previous year[320] - Total current liabilities decreased to $263,268 thousand in 2022 from $283,796 thousand in 2021, a reduction of about 7.3%[324] - Total liabilities increased slightly to $684,462 thousand in 2022 from $670,974 thousand in 2021, an increase of about 2.0%[324] - The total income tax expense for the fiscal year ended January 29, 2022, was $46.928 million, an increase from $35.082 million in 2021[396] - The effective income tax rate for the fiscal year ended January 29, 2022, was 23.0%, compared to 12.6% in 2021[398] Cash Flow and Assets - Cash and cash equivalents dropped significantly to $246,977 thousand in 2022 from $447,126 thousand in 2021, representing a decrease of about 44.7%[330] - Net cash provided by operating activities fell to $45,033 thousand in 2022 from $361,254 thousand in 2021, a decrease of approximately 87.5%[330] - Total assets decreased to $1,972,172 thousand in 2022 from $2,005,855 thousand in 2021, a decline of approximately 1.7%[324] Inventory and Merchandise - As of January 29, 2022, the company's inventory balance was $467.3 million, which is critical for evaluating excess inventories[315] - The percentage of net sales by merchandise category for 2022 shows Housewares at 14.9%, Bed and Bath at 10.7%, and Food at 10.3%[419] Share Repurchase and Equity - The Company has authorized a total of $400.0 million for share repurchases through January 13, 2023, with an additional $200.0 million authorized on November 30, 2021[415] - In 2021, the Company repurchased 3,113,981 shares of its common stock for $220.0 million, compared to 3,885 shares for $0.3 million in 2020[416] - The Company had $180.0 million remaining under its share repurchase authorization as of January 29, 2022[416] Operational Challenges - The company anticipates challenges related to consumer demand and competition, which could impact future performance[12] - The company experienced labor pressures and supply chain disruptions due to the ongoing impacts of COVID-19, affecting operations and customer demand[371] - The company has not experienced significant impacts from inflation on its historical results, but future inflation could materially affect operations[304] Other Financial Metrics - The company operated 431 retail locations across 29 states as of January 29, 2022, maintaining its market presence[333] - The company reported a depreciation and amortization expense of $24,894 thousand in 2022, up from $22,465 thousand in 2021, an increase of approximately 10.8%[330] - The intrinsic value of stock options exercised in 2021 was $17.0 million, compared to $145.3 million in 2020[405] - The total unrecognized compensation cost related to non-vested stock-based compensation arrangements as of January 29, 2022, was $17.0 million[411] Loyalty Programs and Customer Engagement - Revenue recognized from the Ollie's Army loyalty program was $15.621 million for the fiscal year ended January 29, 2022, compared to $17.954 million in the previous year[374] - The ending balance of the Ollie's Army loyalty program liability decreased to $7.782 million as of January 29, 2022, from $8.113 million in the prior year[374] - Gift card liabilities increased to $2.291 million as of January 29, 2022, from $1.902 million in the previous year, with gift card issuances totaling $5.433 million[375] Future Plans and Investments - The Company plans to expand its York, PA distribution center by 200,000 square feet, with a construction agreement totaling $12.3 million[426] - The investment in subsidiaries as of January 29, 2022, was $1,287.7 million, down from $1,334.9 million in 2021[429]

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 ...