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

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. has announced a new share repurchase authorization of $300 million, effective through March 31, 2029, reflecting the company's commitment to returning capital to shareholders while pursuing growth opportunities [1][2]. Financial Performance - The company has repurchased nearly$414 million, or 5.5 million shares, since initiating its first buyback in 2019 [1]. - As of the end of fiscal 2024, Ollie's reported $429 million in cash and short-term investments, with no borrowings under its revolving credit facility, indicating strong cash generation capabilities [2]. Business Strategy - The company aims to balance accelerated growth with capital returns to investors through share repurchases, while also addressing working capital needs [2]. - Ollie's operates 575 stores across 31 states, positioning itself as America's largest retailer of closeout merchandise and excess inventory [3].