Ollie's Bargain Outlet Holdings, Inc. Announces New $300 Million Share Repurchase Authorization

Core Points - Ollie's Bargain Outlet Holdings, Inc. has announced a new share repurchase authorization of $300 million for its outstanding common stock, effective through March 31, 2029 [1] - The company has repurchased nearly$414 million, or 5.5 million shares, since initiating its first buyback in 2019 [1] - The company reported having $429 million in cash and short-term investments with no borrowings under its revolving credit facility at the end of fiscal 2024, indicating strong cash generation [2] Company Overview - Ollie's is the largest retailer of closeout merchandise and excess inventory in America, offering a variety of brand name products at discounted prices [3] - The company operates 575 stores across 31 states and continues to expand its footprint [3]