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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 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®.
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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.
Ollie’s Bargain Outlet raised over $580,000 through an in-store campaign from April 10 to May 7 to support 114 Feeding America member food banks. CEO John Swygert emphasized the importance of aiding communities amidst high inflation, showcasing a commitment to social responsibility. More than 38 million people face hunger in the U.S., with the funds benefitting individuals in the 29 states where Ollie’s operates. This marks the third year of partnership with Feeding America.
Ollie's Bargain Outlet reported Q4 2021 results showing a 2.8% decrease in net sales to $501.1 million and a 10.5% drop in comparable store sales. Operating income fell 32.2% to $57.5 million, resulting in net income decreasing by 30.8% to $44.7 million or $0.71 per diluted share. For fiscal 2021, total sales decreased 3.1% to $1.753 billion. The company initiated guidance for fiscal 2022, predicting net sales between $1.908 billion and $1.926 billion.
Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) announced the release of its financial results for Q4 and full-year fiscal 2021 on March 23, 2022, after market close. Subsequently, management will host a conference call at 4:30 p.m. ET to discuss the results. Investors can participate via phone or listen to a live webcast on the company’s Investor Relations website. Operating 433 stores across 29 states, Ollie’s is recognized for offering brand-name merchandise at significantly reduced prices, promoting their brand as Good Stuff Cheap®.
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