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].

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q3 2024 Earnings Conference Call December 10, 2024 8:30 AM ET Company Participants John Swygert - Chief Executive Officer Eric van der Valk - President Robert Helm - Executive Vice President & Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Peter Keith - Piper Sandler Bradley Thomas - KeyBanc Capital Markets Chuck Grom - Gordon Haskett Scot Ciccarelli - Truist Securities Kate McShane - Goldman Sachs Jeremy Hamblin - Craig-Hallu ...

Financial Performance - Net sales increased 7.8% to $517.4 million in Q3 fiscal 2024 compared to $480.1 million in Q3 fiscal 2023[4] - Operating income increased 14.0% to $44.5 million, with an operating margin of 8.6%, up 50 basis points[6][16] - Net income rose 12.8% to $35.9 million, or $0.58 per diluted share, compared to $31.8 million, or $0.51 per diluted share in the prior year[7][17] - Adjusted EBITDA increased 17.0% to $59.8 million, with an adjusted EBITDA margin of 11.6%, up 100 basis points[9][18] - Gross profit margin improved to 41.4% for the latest quarter, compared to 40.4% in the prior year, indicating a positive trend in profitability[35] - Operating income for the thirteen weeks ended October 28, 2023, was $44,522, up from $39,069, reflecting an increase of 11.8%[35] - Net income for the thirteen weeks ended October 28, 2023, was $35,884, compared to $31,803 in the same period last year, marking a growth of 12.9%[35] - Basic earnings per share increased to $0.59 for the latest quarter, up from $0.52, representing a growth of 13.5%[35] - Adjusted net income for the thirteen weeks ended November 2, 2024, was $35,745, compared to $31,614 in the prior year, showing an increase of 13.5%[46] - Net income per diluted share for the thirteen weeks ended October 28, 2023, was $0.58, compared to $0.51 for the same period last year, representing a 13.7% increase[47] - Adjusted net income per diluted share for the thirteen weeks ended October 28, 2023, was $0.58, up from $0.51 year-over-year[47] - EBITDA for the thirteen weeks ended October 28, 2023, was $56.234 million, an increase from $48.120 million in the prior year, reflecting a 17.5% growth[50] - Adjusted EBITDA for the thirteen weeks ended October 28, 2023, reached $59.840 million, compared to $51.124 million in the same period last year, marking a 16.9% increase[50] Store Operations - The company opened 24 new stores, ending the quarter with 546 stores, an 8.1% year-over-year increase[5] - The company opened 24 new stores during the thirteen weeks ended October 28, 2023, compared to 23 new stores in the same period last year[50] - The number of stores open at the end of the period increased to 546 from 505 year-over-year, indicating a growth of 8.1%[50] Sales Metrics - Comparable store sales decreased 0.5% from the prior year increase of 7.0%[5] - Comparable store sales change for the thirteen weeks ended October 28, 2023, was -0.5%, down from a 7.0% increase in the prior year[50] - Average net sales per store for the thirteen weeks ended October 28, 2023, was $965, slightly down from $970 in the same period last year[50] Financial Position - Cash and cash equivalents increased to $303.9 million from $264.0 million year-over-year[19] - Total current assets rose to $923,787 as of November 2, 2024, compared to $805,559 a year earlier, reflecting an increase of 14.6%[37] - Total assets increased to $2,470,842 from $2,194,360, indicating a growth of 12.6% year-over-year[37] - Total liabilities increased to $853,870 from $753,986, representing a rise of 13.2%[37] - Cash and cash equivalents at the end of the period were $128,685, down from $159,555, reflecting a decrease of 19.3%[39] Strategic Developments - The company has acquired 17 store locations related to the Big Lots bankruptcy, enhancing its store pipeline[23] - The company estimates fiscal 2024 net sales between $2.270 billion and $2.280 billion, with a comparable store sales increase of 2.7% to 3.0%[25]

The market expects Ollie's Bargain Outlet (OLLI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on December 10, 2024, might help the stock move higher if these k ...

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