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.
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 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®.
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®.
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