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 Holdings, Inc. reports recurring developments from an off-price retail model built around closeout merchandise and excess inventory. The company sells brand-name household products under the Good Stuff Cheap® value proposition, with assortments that include housewares, bed and bath, food, floor coverings, health and beauty aids, books, stationery, toys and electronics.
Company news commonly covers quarterly and annual results, comparable-store sales, new-store openings, margin and expense trends, fiscal outlook updates and the growth of the Ollie’s Army loyalty program. Other updates address opportunistic merchandise sourcing, customer value messaging and community campaigns tied to store operations.
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Ollie’s Bargain Outlet Holdings reported a 9.7% increase in Q4 net sales, totaling $549.8 million, with a 3.0% rise in comparable store sales. Q4 earnings per share (EPS) rose 19.7% to $0.85. The company opened 5 new stores, ending the quarter with 468 stores across 29 states. Although annual net sales increased by 4.2% to $1.827 billion, comparable store sales decreased by 3.0%. The company expects fiscal 2023 net sales between $2.036 billion and $2.058 billion, with a comparable sales increase of 1.0% to 2.0%.
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) will announce its fourth-quarter and full-year fiscal year 2022 financial results on March 22, 2023, before market opening. A conference call with the management team will follow at 8:30 a.m. Eastern Time, allowing investors to discuss the results directly. Currently, Ollie's operates 474 stores across 29 states, delivering value on brand-name products in various departments such as housewares and health aids. For further details, interested parties can pre-register for the call or access it via the company's Investor Relations webpage.
Ollie’s Bargain Outlet raised over $1 million for the Marine Toys for Tots Foundation from October 30 to December 3. This marks the third consecutive year of partnership, exceeding previous donations despite challenges posed by record-high inflation. The campaign included customer donations and toy drop-offs at all Ollie’s locations, showcasing community support for less fortunate children during the holiday season. The funds will help distribute toys to thousands of kids in need, as noted by Marine Toys for Tots officials.