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 Holdings, Inc. reports recurring developments from an off-price retail model built around closeout merchandise and excess inventory. The company sells brand-name household products under the Good Stuff Cheap® value proposition, with assortments that include housewares, bed and bath, food, floor coverings, health and beauty aids, books, stationery, toys and electronics.
Company news commonly covers quarterly and annual results, comparable-store sales, new-store openings, margin and expense trends, fiscal outlook updates and the growth of the Ollie’s Army loyalty program. Other updates address opportunistic merchandise sourcing, customer value messaging and community campaigns tied to store operations.
Summary not available.
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%.
Summary not available.
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.