Welcome to our dedicated page for Ollies Bargain news (Ticker: OLLI), a resource for investors and traders seeking the latest updates and insights on Ollies Bargain stock.
News and press releases about Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) focus on its role as an off-price retailer of brand name closeout merchandise and excess inventory, as well as its financial performance and community initiatives. The company identifies itself as America’s largest retailer of brand name closeout merchandise and excess inventory and regularly reports on store growth, sales trends, and operational milestones.
Investors and followers of OLLI news will see quarterly earnings announcements that detail net sales, comparable store sales, net income, earnings per share, adjusted net income, and adjusted EBITDA. These releases often highlight new store openings, changes in store counts across more than 30 states, and commentary on factors such as supply chain costs, merchandise margins, and pre-opening expenses. Management provides outlook ranges for key metrics and discusses the drivers behind sales and earnings performance.
Company news also covers corporate events and governance matters. Examples include announcements of earnings release dates and conference call information, as well as 8-K filings related to financial results and stockholder meeting outcomes. Items such as approval of the Ollie’s Bargain Outlet Holdings, Inc. 2025 Equity Incentive Plan and the election of directors are disclosed through these channels.
Another recurring theme in OLLI news is community and charitable activity. Press releases describe multi-year partnerships with Feeding America and the Marine Toys for Tots Program, including in-store fundraising campaigns, register round-up initiatives, and donation drives involving hundreds of stores. Readers can use this news feed to follow how the company combines off-price retail operations with expansion, financial reporting, and community-focused programs.
Ollie's Bargain Outlet (NASDAQ:OLLI) has achieved a significant milestone with the opening of its 600th store in Belmont, New Hampshire, marking its expansion into its 34th state. The new location, situated at 96 Daniel Webster Highway in a former Big Lots space, continues the company's tradition of offering brand name closeout merchandise at up to 70% off regular retail prices.
The expansion demonstrates Ollie's continued growth, with each new store creating 50-60 new jobs in local communities. The company now employs over 13,000 associates across its operations, offering a wide range of positions from cashiers to team leaders.
Ollie's Bargain Outlet (NASDAQ: OLLI) celebrated multiple milestones by ringing the Nasdaq opening bell on July 15, 2025. The company marked its 10th anniversary as a public company, while simultaneously announcing the upcoming opening of its 600th store in Belmont, NH, which represents expansion into its 34th state.
President and CEO Eric van der Valk, along with the Executive Leadership Team, led the ceremony at Nasdaq MarketSite in Times Square. Van der Valk emphasized the company's significant growth opportunities, particularly noting the presence of abandoned customers, product, and real estate in the marketplace. He also highlighted the benefits of being publicly traded, including maintaining high standards, financial transparency, and enhanced visibility with business partners.
Ollie's Bargain Outlet (NASDAQ:OLLI) announced the grand opening of its first store in Nebraska, located in Omaha. The new store, opening on July 2nd, 2025, will offer brand name closeouts at up to 70% off regular retail prices.
The expansion marks Ollie's entry into its 33rd state, with the company now operating 599 stores nationwide. The new location will create 50-60 new jobs in the local community, adding to Ollie's existing workforce of over 12,000 associates.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) has scheduled its first quarter fiscal 2025 earnings release and conference call for Tuesday, June 3, 2025. The financial results will be released before market opening, followed by a conference call at 8:30 a.m. Eastern Time. The call will be hosted by CEO Eric van der Valk and CFO Robert Helm, who will discuss results and take questions from the investment community. Participants can pre-register for the call to receive dial-in instructions or access the live webcast through the company's investor relations website.
Ollie's Bargain Outlet has successfully raised over $830,000 for Feeding America through its sixth annual in-store fundraising campaign. The initiative, running from March 9th to April 12th, involved 579 stores across 31 states, benefiting 138 Feeding America partner food banks.
Since 2020, Ollie's stores have contributed more than $4.4 million to combat hunger in America. The campaign's success was attributed to the company's expanding store network, dedicated team members, and customer generosity. President and CEO Eric van der Valk emphasized the company's commitment to addressing food insecurity, which affects millions of Americans daily.
Lauren Biedron, Senior VP of Corporate Partnerships at Feeding America, acknowledged the significance of this support, particularly during a period of heightened food costs and increased food insecurity. The partnership exemplifies the collaborative effort required to work toward a hunger-free future.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) has announced a new $300 million share repurchase authorization effective through March 31, 2029. The company can execute the buyback through open market or privately negotiated transactions. Since initiating its first share buyback in 2019, Ollie's has repurchased approximately 5.5 million shares worth $414 million.
The company maintains a strong financial position with $429 million in cash and short-term investments and no borrowings under its revolving credit facility as of fiscal 2024 end. President and CEO Eric van der Valk emphasized that while accelerated growth remains the primary short-term focus, the company is committed to returning capital to investors while maintaining balance for strategic growth opportunities and working capital needs.
Ollie's Bargain Outlet (NASDAQ: OLLI) reported strong Q4 and fiscal 2024 results, with Q4 comparable store sales up 2.8% and total net sales increasing to $667.1 million. The company's Q4 earnings per share reached $1.11, while adjusted EPS was $1.19.
For fiscal 2024, total net sales grew 8.0% to $2.272 billion, with net income increasing 10.1% to $199.8 million ($3.23 per diluted share). The company expanded its store presence, opening 50 new stores and closing three, ending the year with 559 locations across 31 states.
The company maintains a strong financial position with $428.7 million in cash and cash equivalents, and announced plans to accelerate growth with 75 new store openings targeted for fiscal 2025. This expansion includes the recent acquisition of 40 former Big Lots store locations.
Ollie's Bargain Outlet (NASDAQ: OLLI) has scheduled its fourth quarter and full-year fiscal 2024 earnings release for Wednesday, March 19, 2025, before market opening. The company will host an earnings conference call at 8:30 a.m. Eastern Time on the same day.
President and CEO Eric van der Valk and CFO Robert Helm will lead the investor call to discuss financial results and address questions. Interested participants can pre-register for the conference call to receive dial-in instructions, or access the live webcast through the Investor Relations section of Ollie's website.
Ollie's Bargain Outlet (NASDAQ: OLLI) has announced the acquisition of 40 former Big Lots store leases from Gordon Brothers, pending final bankruptcy court approval and customary closing conditions. This brings the total number of acquired Big Lots locations to 63.
According to President and CEO Eric van der Valk, these locations align with the company's business and growth strategy, featuring optimal size, favorable lease terms, and presence in existing and adjacent trade areas serving value-conscious consumers.
The company plans to adjust its existing new store opening schedule to prioritize the acquired locations based on operational and financial considerations. With this acquisition and previous investments, Ollie's expects to exceed its 10% annual growth target, projecting approximately 75 new store openings in 2025.