Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. has announced the acquisition of 40 former Big Lots store leases, bringing the total to 63, pending bankruptcy court approval [1][2] Group 1: Acquisition Details - The acquisition includes 40 additional store leases from Gordon Brothers, which aligns with the company's growth strategy and operational plans [1][2] - The acquired locations are deemed suitable due to their size, favorable lease terms, and proximity to existing trade areas, catering to value-conscious consumers [2] Group 2: Growth Strategy - The company plans to adjust its new store openings to prioritize the acquired stores, aiming to accelerate new store openings in 2025 beyond the 10% annual growth target, with an estimated 75 new units [2] - Ollie's currently operates 568 stores across 31 states, focusing on closeout merchandise and excess inventory, offering significant value on brand name products [3]

Economic Sentiment - U.S. consumer sentiment has recently declined, indicating a more cautious approach to spending in 2025 [1] - Concerns over inflation and tariffs are contributing factors to this decline in consumer confidence [1] Investment Landscape - The financial markets continue to attract interest, with a focus on stocks, mutual funds, and ETFs for intermediate- to long-term investing [1] - The article highlights the importance of research and analysis in investment decisions, particularly in the context of retirement portfolio management [1]

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. has appointed Eric van der Valk as the new President & CEO, effective February 2, 2025, completing the company's Leadership Succession Plan initiated in June 2024 [1][2]. Group 1: Leadership Changes - Eric van der Valk has been appointed as President & CEO and has joined the Board of Directors, increasing the total number of directors from nine to ten [1]. - John Swygert has transitioned to the role of Executive Chairman of the Board after over 20 years of leadership [1][2]. - The Board expressed confidence in Eric van der Valk's ability to lead the company towards sustainable long-term growth due to his extensive experience in closeout, deep discount, merchandising, and operations [2]. Group 2: Company Overview - Ollie's is recognized as America's largest retailer of closeout merchandise and excess inventory, providing significant value on brand name products across various departments [3]. - The company operates 562 stores across 31 states and continues to expand its footprint [3].

Group 1 - Ollie's Bargain Outlet Holdings, Inc. appointed Eric van der Valk as President & CEO effective February 2, 2025, and he has joined the Board of Directors, increasing the total number of directors to ten [1] - John Swygert has been appointed as Executive Chairman of the Board, completing the Company's Leadership Succession Plan announced in June 2024 [1] - Eric van der Valk expressed gratitude for the opportunity to lead the company and emphasized the commitment to delivering value to customers [2] Group 2 - John Swygert reflected on his 20-plus years with Ollie's, highlighting the company's dedication to its business model of selling Real Brands and Real Bargains [2] - Rich Zannino, the lead independent director, stated that Eric van der Valk's experience in closeout, deep discount, merchandising, and operations makes him the ideal candidate for the CEO role [2] - The company operates 562 stores across 31 states, focusing on providing extreme value on brand name products in various departments [3]

Discount retail stock Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) has been on an extended descent since its Dec. 20, three-year high of $120.00. Down 1.3% at $99.93 at last glance, the stock is headed for its ninth loss in the last 11 sessions. The 126-day moving average, which represents half a year's worth of trading, appears to be providing support today, however. And given it's history as a bullish trendline for the stock, it could soon provide OLLI with a jumping off point. Per Schaeffer's Senior ...

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) has caught the attention of investors, with its stock climbing 8.4% in the past month, fueled by robust financial results and strategic growth initiatives. While this performance has been impressive, it raises a critical question: Is there still room for further upside, or has OLLI reached its peak?With the company’s solid fundamentals, aggressive expansion plans and increasing consumer loyalty, OLLI appears well-positioned to maintain its upward trajectory. The ...

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Ollie's Bargain Outlet (OLLI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Ollie's Bargain Outlet is one of 185 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 in the Zacks Sector ...

I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a fair valuationAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions ...

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. reported mixed results for Q3 fiscal 2024, with net sales missing estimates but adjusted earnings exceeding expectations, both metrics showing year-over-year improvement [1][3]. Financial Performance - Adjusted earnings were 58 cents per share, surpassing the Zacks Consensus Estimate by one cent and increasing from 51 cents in the prior year [3]. - Net sales reached $517.4 million, a 7.8% year-over-year increase, although it fell short of the consensus estimate of $518.6 million [3]. - Comparable store sales decreased by 0.5%, contrasting with a 7% increase in the same quarter last year, and missing the expected growth of 0.3% [4]. Margin Analysis - Gross profit increased by 10.5% year over year to $214.5 million, with gross margin expanding by 100 basis points to 41.4%, driven by favorable supply-chain costs [5]. - Selling, general and administrative (SG&A) expenses rose by 9% to $154.5 million, with SG&A as a percentage of net sales increasing by 40 basis points to 29.9% [6]. - Operating income surged by 14% to $44.5 million, and the operating margin expanded by 50 basis points to 8.6% [7]. Store Expansion - The company opened 24 new stores and closed three, resulting in a total of 546 stores across 31 states, reflecting an 8.1% year-over-year increase in store count [8]. Financial Snapshot - At the end of the quarter, Ollie's Bargain had cash and cash equivalents of $128.7 million, with no outstanding borrowings under its $100 million revolving credit facility [9]. - Capital expenditures for the quarter were $31 million, with a projected total of $104 million for fiscal 2024 [9]. Future Guidance - Management revised fiscal 2024 net sales guidance to between $2,270 million and $2,280 million, up from $2,102.7 million in fiscal 2023 [11]. - Comparable store sales are now expected to grow between 2.7% and 3%, down from the previous guidance of 2.7% to 3.2% [11]. - The company anticipates a gross margin rate of 40% for fiscal 2024, with operating income projected between $251 million and $258 million [12].

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 November 2, 2024 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 ...