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.
Ollie’s Bargain Outlet (OLLI) operates a unique treasure hunt retail model, offering brand-name closeout merchandise at significant discounts across the Eastern U.S. This page serves as the definitive source for verified company news, providing investors and industry observers with timely updates directly from official channels.
Access real-time press releases, financial disclosures, and strategic announcements covering earnings results, store expansions, leadership updates, and supply chain developments. Our curated collection ensures you stay informed about OLLI’s market positioning in the competitive discount retail sector without promotional bias.
Key content includes acquisition announcements, operational milestones, and analyses of consumer trends impacting the closeout merchandise industry. Bookmark this page for efficient tracking of OLLI’s growth initiatives and financial health indicators, all presented in compliance with financial reporting standards.
Ollie’s Bargain Outlet Holdings reported a 9.0% increase in total net sales to $418.1 million for Q3 FY2022. Comparable store sales rose 1.9%, with an increase in store count to 463 locations. However, operating income declined 2.3% to $29.5 million, and net income decreased 0.4% to $23.1 million or $0.37 per diluted share. The outlook for FY2022 estimates net sales between $1.817 billion and $1.827 billion, with expected comparable store sales between -3.8% and -3.3%.
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has appointed Abid Rizvi to its Board of Directors, expanding the board from seven to eight members. Rizvi, currently the CEO of AriZona Beverages, has over 20 years of experience in consumer investment banking, including leadership roles at RBC Capital Markets and Jefferies. His appointment is anticipated to enhance the company's growth strategies. Rizvi will also serve on the Audit Committee and stand for election at the 2023 annual stockholders' meeting.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) will release its Q3 fiscal year 2022 financial results on December 7, 2022, ahead of market opening. Following the announcement, a conference call is scheduled for 8:30 a.m. ET to discuss the financial outcomes. The Company operates 467 stores across 29 states, specializing in discounted brand name merchandise. More information is available on their website.
Ollie’s Bargain Outlet Holdings (Nasdaq: OLLI) announced the appointment of Rob Helm as Senior Vice President and Chief Financial Officer, effective immediately. Helm, who previously served as CFO at The Children’s Place, brings significant financial leadership experience in the consumer retail sector. CEO John Swygert expressed confidence that Helm’s expertise will support Ollie’s growth plans, aiming to expand to 1,050 locations. Helm is enthusiastic about joining Ollie’s, citing its robust business model and potential for increased shareholder value.
Ollie’s Bargain Outlet Holdings reported Q2 2022 results with net sales increasing 8.8% to $452.5 million, driven by a 1.2% increase in comparable store sales and the opening of 11 new locations. However, net income fell 58.9% to $14.1 million, or $0.22 per diluted share, while operating income decreased 63.8% to $16.5 million. The company anticipates full-year net sales of $1.843 billion to $1.861 billion and expects a decrease in comparable store sales for the fiscal year.
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) will release its financial results for Q2 fiscal 2022 on September 1, 2022, before market opening. Following the release, a conference call will be held at 8:30 a.m. ET to discuss the results. The company operates 451 stores across 29 states, offering a range of brand-name products at significantly reduced prices under the tagline Good Stuff Cheap®.
Ollie’s Bargain Outlet has successfully raised over $500,000 for Children’s Miracle Network Hospitals (CMN Hospitals) between June 12 and July 9. This funding will aid 85 local hospitals across the U.S. where Ollie’s operates, highlighting the company’s commitment to support children’s health initiatives in its communities. President and CEO John Swygert emphasized the importance of community generosity in light of ongoing inflation. Ollie’s has been a significant player in retail closeouts since 1982, known for providing substantial discounts on brand-name products.
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