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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 departure of Senior Vice President of Supply Chain, Ray Daugherty, effective August 27. The company has initiated a search for a new Head of Supply Chain, with Executive Vice President Eric van der Valk temporarily overseeing the function. CEO John Swygert expressed gratitude for Daugherty’s contributions. Ollie’s operates 413 stores across 28 states, offering a wide range of merchandise at discounted prices, emphasizing their concept of Good Stuff Cheap.
Ollie’s Bargain Outlet Holdings (Nasdaq: OLLI) will participate in a fireside chat at the 2021 Jefferies Virtual Consumer Conference on June 23, 2021, at 2:40 PM ET. The event will feature John Swygert, CEO, and Jay Stasz, CFO. Investors can access the live webcast via the Company’s Investor Relations website, with an archive available for 90 days post-event. Ollie's is recognized for offering brand name merchandise at reduced prices across various departments, currently operating 408 stores in 28 states.
Ollie's Bargain Outlet Holdings (Nasdaq: OLLI) will participate in a fireside chat at the 2021 Jefferies Virtual Consumer Conference on June 22, 2021, at 2:05 PM ET. The discussion will feature President and CEO John Swygert and Senior Vice President and CFO Jay Stasz. Investors can access the live audio webcast through the Company’s Investor Relations website, with an archive available for 90 days post-event. Ollie’s operates 407 stores across 28 states, offering brand name products at reduced prices.
Ollie’s Bargain Outlet is hosting a nationwide hiring event on June 15 from 10 a.m. to 7 p.m., seeking to fill 2,000 positions across its 400+ store locations and three distribution centers. This event is part of their expansion strategy, having opened 20 new stores this year. The company currently employs around 10,000 associates, offering competitive wages and comprehensive benefits for full-time employees. Interested applicants can apply on-site or text 'Apply' to 33097 for on-the-spot interviews.
Ollie’s Bargain Outlet Holdings reported impressive first quarter results for fiscal 2021, with net sales rising 29.5% to $452.5 million and comparable store sales up 18.8%. Diluted EPS increased 64.7% to $0.84, while adjusted diluted EPS saw a 63.3% rise to $0.80. Operating income surged 65.7% to $71.2 million with an operating margin of 15.7%. The company opened 11 new stores, bringing the total to 397. Despite the strong performance, Ollie’s is cautious about the ongoing pandemic and has not provided guidance for fiscal 2021.
Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) announced its financial results for Q1 fiscal 2021 will be released on May 27, 2021, after market close. A conference call to discuss the results will follow at 4:30 p.m. ET. Analysts and investors can join the call by dialing (800) 219-7052 or (574) 990-1029, using conference ID #1992296. The company operates 401 stores across 26 states, offering brand name merchandise at reduced prices, known for its motto Good Stuff Cheap®.
Ollie’s Bargain Outlet Holdings (Nasdaq: OLLI) has appointed Eric van der Valk as Executive Vice President and Chief Operating Officer, effective May 3, 2021. He will oversee Store Operations, Supply Chain, Real Estate, and Asset Protection. CEO John Swygert expressed confidence in van der Valk's extensive experience in discount retail to support Ollie’s growth plans, which aim to expand to 1,050 locations. Van der Valk previously held leadership positions at Christmas Tree Shops and brings valuable expertise to Ollie’s team.
Ollie’s Bargain Outlet raised over $640,000 through an in-store fundraising campaign during February and March to support Feeding America. The funds will benefit more than 100 food banks in the communities where Ollie’s operates. Ollie’s, one of America’s largest closeout retail chains, aims to aid local food banks amid the pandemic-induced hunger crisis affecting 42 million people in the U.S. in 2021, including 13 million children. The campaign involved 390 participating locations donating proceeds to 109 member food banks.
Ollie's Bargain Outlet reported strong financial results for Q4 and full-year fiscal 2020, with total net sales rising 22.1% to $515.8 million in Q4 and 28.4% to $1.809 billion for the year. Comparable store sales increased by 8.8% and 15.6%, respectively. Diluted EPS grew 27.3% to $0.98 in Q4 and 72.0% to $3.68 for the year. The company announced a $100 million increase in its share repurchase program, now totaling $200 million. Despite these positive results, guidance for fiscal 2021 is not provided due to ongoing COVID-19 uncertainties.
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