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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 raised over $940,000 nationwide for the Marine Toys for Tots Foundation from October 31 to November 29. This initiative included contributions from customers at registers and toy drop-off locations, significantly exceeding last year's donations. President and CEO John Swygert expressed gratitude towards associates and customers for their dedication to community support. The Toys for Tots program has provided 604 million toys to over 272 million children since 1947, highlighting the importance of such charitable efforts during the holiday season.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) has appointed Mario Sampson as Senior Vice President of Supply Chain, effective immediately. Reporting to COO Eric van der Valk, Sampson will oversee domestic and international transportation, logistics, and distribution centers. CEO John Swygert expressed enthusiasm about Sampson's strong leadership and experience in distribution and logistics, aiming to enhance Ollie's growth. Sampson's prior roles include Senior Vice President of Operations at Unique Industries and various operations positions at Macy’s, Amazon, and Target.
Ollie’s Bargain Outlet (NASDAQ: OLLI) reported a 7.5% decline in net sales for Q3 2021, totaling $383.5 million. Comparable store sales decreased 15.5% year-over-year. Operating income fell 47.7% to $30.2 million, with a margin of 7.9%. Net income dropped 48.7% to $23.2 million, or $0.36 per diluted share. The company announced a new $200 million share repurchase authorization. Despite challenges from supply chain disruptions, management remains optimistic about future growth opportunities and improving efficiencies.
Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) will announce its third quarter financial results for fiscal 2021 on December 2, 2021, after market close. A conference call hosted by management is scheduled for 4:30 p.m. ET to discuss the results. Investors can join the call by dialing (800) 219-7052 or (574) 990-1029, using conference ID #4675969. The call will also be available via a live webcast on the Company’s Investor Relations website, where additional information about the company is provided.
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Ollie’s Bargain Outlet, Inc. is set to host a nationwide hiring event on September 8th, aiming to fill over 3,000 positions across its 400+ stores and three distribution centers. The event will run from 10 a.m. to 7 p.m. with on-the-spot interviews available. CEO John Swygert emphasized Ollie's rapid growth and job creation, expanding to 28 states this year. Employees benefit from competitive wages, benefits, and promotion opportunities. Interested applicants can apply in-person or text for information.
Ollie’s Bargain Outlet Holdings (Nasdaq: OLLI) will participate in the 28th Annual Goldman Sachs Virtual Retailing Conference on September 9, 2021, at 3:20 PM ET. John Swygert, President and CEO, and Jay Stasz, Senior VP and CFO, will represent the company. The event will be webcast live, accessible via the Investor Relations section of Ollie’s website, with an archive available for 90 days post-event. Ollie’s is known for offering brand name merchandise at discounted prices, operating 416 stores across 28 states.
Ollie’s Bargain Outlet reported a second quarter net income of $34.3 million, or $0.52 per diluted share, reflecting a significant decline of 65.5% from $99.4 million, or $1.50 per share, in the same period last year. Total net sales fell by 21.4% to $415.9 million, attributed to a 28.0% decrease in comparable store sales. Despite these challenges, the company achieved a two-year comparable store sales growth of 15.3%. The adjusted EBITDA decreased 45.6% to $54.1 million, with an adjusted EBITDA margin of 13.0%.
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Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) will release its financial results for Q2 fiscal 2021 on August 26, 2021, after market close. A conference call to discuss the results will follow at 4:30 p.m. ET, with participation available via phone or a live webcast on the Investor Relations section of the Company’s website. Ollie’s operates 413 stores across 28 states, specializing in brand name merchandise at significantly reduced prices, branded as Good Stuff Cheap®.
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