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 (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.
Ollie’s Bargain Outlet Holdings (Nasdaq: OLLI) will participate in a fireside chat at the Jefferies Consumer Conference from June 20-22, 2022. The chat will be available via webcast starting June 20 at 8:00 a.m. ET. Key executives attending include John Swygert, Eric van der Valk, and Jay Stasz. The audio will be accessible on the Investor Relations section of Ollie’s website, with an archive available for 90 days post-event. Ollie’s operates 447 stores across 29 states, offering brand name products at significantly reduced prices.
Ollie’s Bargain Outlet Holdings reported a 10.1% decline in total net sales to $406.7 million for Q1 2022, with comparable store sales down 17.3%. The company's operating income fell 75.9% to $17.1 million, and net income decreased 77.3% to $12.5 million, or $0.20 per diluted share. Despite a challenging market, CEO John Swygert noted improved sales trends in Q2 and highlighted long-term growth potential with plans for 46-48 new stores this year. CFO Jay Stasz is resigning, with Swygert stepping in as interim CFO.
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) will release its financial results for Q1 fiscal 2022 on June 8, 2022, before market opens. Following this, at 8:30 a.m. Eastern Time, management will host a conference call to discuss the results. Investors may join the call by dialing (800) 219-7052 or (574) 990-1029, using the conference ID #37220731. A live webcast will also be available on the Investor Relations section of the company's website. Ollie's operates 445 stores across 29 states, providing brand name merchandise at discounted prices.
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