[8-K] Ollie's Bargain Outlet Holdings, Inc. Reports Material Event

Rhea-AI Filing Summary

Ollie’s Bargain Outlet Holdings, Inc. reported strong fourth quarter and fiscal 2025 results, with performance ahead of expectations. Fourth quarter net sales were $779.3 million, up 16.8%, and comparable store sales rose 3.6%. Net income reached $85.6 million, with diluted EPS of $1.39.

For fiscal 2025, net sales grew 16.6% to $2.65 billion, and diluted EPS increased to $3.89 from $3.23. Adjusted EBITDA rose to $366.0 million. The company opened a record 86 stores and expanded its Ollie’s Army loyalty program by more than 12% to 17 million members.

For fiscal 2026, Ollie’s projects net sales of $2.985–$3.013 billion, comparable store sales growth of about 2%, gross margin near 40.5%, operating income of $339–$348 million, adjusted diluted EPS of $4.40–$4.50, 75 new store openings, capital expenditures of $103–$113 million, and approximately $100 million of share repurchases.

Insights

Equity research analyst

Ollie’s delivers double‑digit growth and issues solid 2026 outlook.

Ollie’s posted fourth quarter net sales of $779.3 million, up 16.8%, with comparable sales up 3.6%. Fiscal 2025 net sales grew 16.6% to $2.65 billion, and diluted EPS rose to $3.89 from $3.23, showing strong operating leverage.

Profitability remained healthy: fiscal 2025 adjusted EBITDA increased to $366.0 million, with gross margin at 40.5% and SG&A as a percentage of sales slightly lower year over year. Cash and investments totaled $562.8 million, while total debt stayed minimal, supporting financial flexibility.

The fiscal 2026 outlook calls for net sales of $2.985–$3.013 billion, about 2% comparable store sales growth, operating income of $339–$348 million, and adjusted EPS of $4.40–$4.50. Plans for 75 new stores, capital expenditures of $103–$113 million, and roughly $100 million of share repurchases indicate continued expansion alongside shareholder returns.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report: March 12, 2026

(Date of earliest event reported)

Ollie's Bargain Outlet Holdings, Inc.

 (Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-37501		80-0848819
(Commission File Number)		(IRS Employer Identification No.)

6295 Allentown Boulevard
Suite 1
Harrisburg, Pennsylvania		17112
(Address of principal executive offices)		(Zip Code)

(717) 657-2300

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of each exchange on which registered
Common Stock, $0.001 par value	OLLI	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐.

Item 2.02 Results of Operations and Financial Condition.

On March 12, 2026, Ollie’s Bargain Outlet Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended January 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this current report and is incorporated by reference herein.

The information furnished in this Item 2.02 of on this Form 8-K, including the exhibit attached, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.  The following exhibits are filed with this report:

Exhibit No.		Description
99.1		Press Release issued on March 12, 2026 of Ollie’s Bargain Outlet Holdings, Inc.
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	OLLIE’S BARGAIN OUTLET HOLDINGS, INC.
	By:	/s/ Robert Helm
		Name:	Robert Helm
		Title:	Executive Vice President and
			Chief Financial Officer
Date: March 12, 2026

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release issued on March 12, 2026 of Ollie’s Bargain Outlet Holdings, Inc.
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

Exhibit 99.1

Ollie’s Bargain Outlet Holdings, Inc. Announces

 Fourth Quarter Fiscal Year 2025 Results

Comparable Store Sales and Earnings Ahead of Expectations

Net Sales Increased 17%, Earnings Per Share Increased 25%,

and Adjusted Earnings Per Share Increased 17%

Provides Initial Outlook for Fiscal Year 2026

HARRISBURG, PA – March 12, 2026 – Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced financial results for the fourth quarter and fiscal year ended January 31, 2026.

“We had a strong fourth quarter to cap off an exceptional year,” said Eric van der Valk, President and Chief Executive Officer.  “In the fourth quarter, we delivered better than expected sales and earnings, driven by solid comp growth, healthy margins, and disciplined expense control. For the full year, we opened a record 86 stores and grew our Ollie’s Army loyalty program by more than 12% to 17 million members.”

Mr. van der Valk concluded, “We are super proud of our achievements in fiscal 2025. We delivered against virtually every single metric and goal we set for ourselves at the beginning of the year. That’s now behind us, and we are focused on building on this success, seizing new opportunities, delivering another year of Good Stuff Cheap® to our customers, and strong results for our shareholders.”

		Thirteen weeks ended								Fiscal year ended
Dollars in thousands, except per share data		January 31, 2026				February 1, 2025				January 31, 2026				February 1, 2025
Net sales		$	779,256			$	667,084			$	2,649,198			$	2,271,705
Yr/yr change			16.8	%			2.8	%			16.6	%			8.0	%
Comparable store sales change (1)			3.6	%			2.8	%			3.7	%			2.8	%
Net income		$	85,554			$	68,554			$	240,596			$	199,762
Net income per diluted share		$	1.39			$	1.11			$	3.89			$	3.23
Adjusted net income per diluted share		$	1.39			$	1.19			$	3.86			$	3.28
Yr/yr change			16.8	%			(3.3	%)			17.7	%			12.7	%
Adjusted EBITDA		$	127,132			$	109,355			$	365,961			$	313,076
% of net sales			16.3	%			16.4	%			13.8	%			13.8	%
Store openings			-				13				86				50
Store growth, yr/yr change			15.4	%			9.2	%			15.4	%			9.2	%

⁽¹⁾ Calculated based on the comparable number of weeks from the prior year.

Fourth Quarter Fiscal 2025 Highlights and Year-Over-Year Comparisons

• Opened a record 86 stores for the fiscal year and ended the period with 645 stores in 34 states, an increase of 15.4%.

• Ollie’s Army loyalty members increased 12.1% to 17.0 million members.

• Net sales increased 16.8% to $779.3 million, driven by new store unit growth and an increase in comparable store sales.

• Comparable store sales increased 3.6%, driven by an increase in basket and transactions. Seasonal, consumables, hardware, stationery, and sporting goods were the top performing categories in the quarter.

• Gross margin of 39.9% was ahead of plan and the year-over-year decrease of 80 basis points was primarily from planned investments in price.

• Selling, general, and administrative (“SG&A”) expenses as a percentage of net sales decreased 130 basis points to 24.2%.  Excluding a one-time expense of $5.5 million for the accelerated expense resulting from the modification of existing equity awards for our Executive Chairman in last year’s fourth quarter, SG&A expenses as a percentage of net sales decreased 40 basis points to 24.2%. The decrease was primarily driven by leverage of our fixed costs from the increase in comparable store sales and benefits from our optimization efforts in marketing.

• Pre-opening expenses decreased 53.3% to $2.3 million, driven by the earlier timing of new store openings this year versus last year.

• Adjusted net income increased 16.4% to $85.4 million and adjusted net income per diluted share increased 16.8% to $1.39.

• Total cash and investments increased 31.3%, or $134.1 million, to $562.8 million. This included cash and cash equivalents of $259.7 million, short-term investments of $36.6 million, and long-term investments of $266.5 million.

• The Company repurchased $33.6 million of common stock in the fourth quarter and $73.8 million of common stock for the fiscal year.

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Outlook

The Company is providing the following initial outlook for the fiscal year 2026 ending January 30, 2027.

New store openings	75
Net sales	$2.985 to $3.013 billion
Comparable store sales growth	~2%
Gross margin	~40.5%
Operating income	$339 to $348 million
Adjusted net income (1)(2)	$270 to $277 million
Adjusted net income per diluted share(1)(2)	$4.40 to $4.50
Annual effective tax rate(2)	~25%
Diluted weighted average shares outstanding	~61.4 million
Capital expenditures	$103 to $113 million
Share repurchases	~$100 million

⁽¹⁾ Includes interest income of approximately $21 million.

⁽²⁾ Excludes the excess tax benefits related to stock-based compensation, as the Company cannot predict such estimates without unreasonable effort.

Conference Call Information

A conference call to discuss fourth quarter and fiscal year 2025 financial results is scheduled for today, March 12, 2026, at 8:30 a.m. Eastern Time. To access the live conference call, please preregister here. Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company’s website at https://investors.ollies.com/. A replay of the conference call webcast will be available on the investor relations website for one year.

About Ollie’s

Ollie’s is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below traditional retailers. As of January 31, 2026, we operated 645 stores in 34 states and growing! For more information, visit www.ollies.com.

Non-GAAP Reconciliation

The Company’s results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income (loss), Adjusted net income (loss) per diluted share, EBITDA, and Adjusted EBITDA are non-GAAP measures, and are not intended to replace GAAP financial information, and may be different from non-GAAP measures reported by other companies. The Company believes the income and expense items excluded as non-GAAP adjustments are not reflective of the performance of its core business, and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business.

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Please refer to the “Reconciliation of GAAP to Non-GAAP Financial Measures” table included in this press release, which sets forth the non-GAAP operating adjustments for the 13-week and 52-week periods ended January 31, 2026 and February 1, 2025.

Forward-Looking Statements

This press release contains certain forward-looking statements, which includes but is not limited to statements regarding industry trends, value creation, customer trends, new stores, distribution centers, and various financial outlook figures, including new store openings, net sales, comparable store sales, gross margin, SG&A, operating income, net income, adjusted net income, adjusted net income per diluted share, effective tax rate, diluted weighted average shares outstanding and capital expenditures. All forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, are subject to the finalization of the Company’s quarterly financial and accounting procedures, and may be affected by certain risks and uncertainties, any one, or a combination, of which could materially affect the results of the Company’s operations. Forward-looking statements are usually identified by or are associated with such words as “could”, “may”, “might”, “will,” “likely”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “expects”, “continues”, “projects”, “forecasts”, and similar terminology. Actual results could vary materially from the expectations reflected in these statements. As with any business, all phases of our operations are subject to factors outside of our control. These factors include, without limitation, the impact of the recent tariff announcements and the corresponding macroeconomic pressures and those factors discussed in the “Risk Factors” section of the Company’s Annual Reports or Form 10-K and other filings with the Securities and Exchange Commission. Forward-looking statements made by or on behalf of the Company are based on knowledge of its business and the environment in which it operates, but because of the factors listed above, actual results could differ materially from those reflected by any forward-looking statements. Consequently, all of the forward-looking statements made are qualified by these cautionary statements and those contained in the Company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. There can be no assurance that the results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business and operations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.

Investor Contact

John Rouleau

Managing Director of Corporate Communication & Business Development

JRouleau@ollies.us

Media Contact

Tom Kuypers

Senior Vice President, Marketing

tkuypers@ollies.us

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Ollie’s Bargain Outlet Holdings, Inc.

Condensed Consolidated Statements of Income (unaudited)
(In thousands except for per share amounts)

		Thirteen weeks ended								Fiscal year ended
		January 31, 2026				February 1, 2025				January 31, 2026				February 1, 2025
Net sales		$	779,256			$	667,084			$	2,649,198			$	2,271,705
Cost of sales			468,335				395,480				1,576,254				1,357,253
Gross profit			310,921				271,604				1,072,944				914,452
Selling, general and administrative expenses			188,421				169,847				709,002				612,406
Depreciation and amortization expenses			11,157				9,208				40,996				33,224
Pre-opening expenses			2,252				4,824				25,281				19,319
Operating income			109,091				87,725				297,665				249,503
Interest income, net			(4,873	)			(4,054	)			(18,719	)			(16,311	)
Income before income taxes			113,964				91,779				316,384				265,814
Income tax expense			28,410				23,225				75,788				66,052
Net income		$	85,554			$	68,554			$	240,596			$	199,762
Earnings per common share:
Basic		$	1.40			$	1.12			$	3.92			$	3.26
Diluted		$	1.39			$	1.11			$	3.89			$	3.23
Weighted average common shares outstanding:
Basic			61,260				61,335				61,322				61,339
Diluted			61,666				61,884				61,773				61,767
Percentage of net sales:
Net sales			100.0	%			100.0	%			100.0	%			100.0	%
Cost of sales			60.1				59.3				59.5				59.7
Gross profit			39.9				40.7				40.5				40.3
Selling, general and administrative expenses			24.2				25.5				26.8				27.0
Depreciation and amortization expenses			1.4				1.4				1.5				1.5
Pre-opening expenses			0.3				0.7				1.0				0.9
Operating income			14.0				13.2				11.2				11.0
Interest income, net			(0.6	)			(0.6	)			(0.7	)			(0.7	)
Income before income taxes			14.6				13.8				11.9				11.7
Income tax expense			3.6				3.5				2.9				2.9
Net income			11.0	%			10.3	%			9.1	%			8.8	%

Components may not add to totals due to rounding.

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Ollie’s Bargain Outlet Holdings, Inc.

Condensed Consolidated Balance Sheets (unaudited)

(In thousands)

Assets		January 31, 2026				February 1, 2025
Current assets:
Cash and cash equivalents		$	259,680			$	205,123
Short-term investments			36,628				223,546
Inventories			650,260				552,542
Accounts receivable			3,805				2,352
Prepaid expenses and other current assets			13,692				10,228
Total current assets			964,065				993,791
Property and equipment, net			382,242				334,961
Operating lease right-of-use assets			663,848				554,737
Goodwill			444,850				444,850
Trade name			230,559				230,559
Long-term investments			266,455				-
Other assets			2,934				2,247
Total assets		$	2,954,953			$	2,561,145
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt		$	569			$	556
Accounts payable			169,345				130,279
Income taxes payable			9,823				1,707
Current portion of operating lease liabilities			108,854				83,944
Accrued expenses and other current liabilities			111,857				87,855
Total current liabilities			400,448				304,341
Long-term debt			974				1,040
Deferred income taxes			89,924				81,124
Long-term portion of operating lease liabilities			575,531				479,330
Total liabilities			1,066,877				865,835
Stockholders’ equity:
Common stock			68				67
Additional paid-in capital			761,300				735,284
Retained earnings			1,608,309				1,367,713
Treasury - common stock			(481,601	)			(407,754	)
Total stockholders’ equity			1,888,076				1,695,310
Total liabilities and stockholders’ equity		$	2,954,953			$	2,561,145

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Ollie’s Bargain Outlet Holdings, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

(In thousands)

		Thirteen weeks ended								Fiscal year ended
		January 31, 2026				February 1, 2025				January 31, 2026				February 1, 2025
Net cash provided by operating activities		$	182,367			$	147,760			$	296,539			$	227,454
Net cash used in investing activities			(33,811	)			(71,895	)			(179,925	)			(255,341	)
Net cash (used in) provided by financing activities			(33,575	)			573				(62,057	)			(33,252	)
Net increase (decrease) in cash and cash equivalents			114,981				76,438				54,557				(61,139	)
Cash and cash equivalents, beginning of the period			144,699				128,685				205,123				266,262
Cash and cash equivalents, end of the period		$	259,680			$	205,123			$	259,680			$	205,123

Ollie’s Bargain Outlet Holdings, Inc.

Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited)

(In thousands except for per share amounts)

		Thirteen weeks ended								Fiscal year ended
		January 31, 2026				February 1, 2025				January 31, 2026				February 1, 2025
Net income		$	85,554			$	68,554			$	240,596			$	199,762
Excess tax benefits related to stock-based compensation (1)			(137	)			(654	)			(2,090	)			(2,832	)
Acceleration of stock awards expense(2)			-				5,488				-				5,488
Adjusted net income		$	85,417			$	73,388			$	238,506			$	202,418
Net income per diluted share		$	1.39			$	1.11			$	3.89			$	3.23
Adjustments as noted above, per dilutive share:
Excess tax benefits related to stock-based compensation (1)			-				(0.01	)			(0.03	)			(0.05	)
Acceleration of stock awards expense(2)			-				0.09				-				0.09
Adjusted net income per diluted share		$	1.39			$	1.19			$	3.86			$	3.28
Diluted weighted-average common shares outstanding			61,666				61,884				61,773				61,767
Net income		$	85,554			$	68,554			$	240,596			$	199,762
Interest income, net			(4,873	)			(4,054	)			(18,719	)			(16,311	)
Depreciation and amortization expenses			14,787				12,592				55,236				44,128
Income tax expense			28,410				23,225				75,788				66,052
EBITDA			123,878				100,317				352,901				293,631
Non-cash stock-based compensation expense			3,254				9,038				13,060				19,445
Adjusted EBITDA		$	127,132			$	109,355			$	365,961			$	313,076

Components may not add to totals due to rounding.

⁽¹⁾ Amount represents the impact from the recognition of excess tax benefits pursuant to Accounting Standards Update 2016-09, Stock Compensation

⁽²⁾ Represents the one-time expense for the accelerated expense resulting from the modification of existing equity awards for our Executive Chairman

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Ollie’s Bargain Outlet Holdings, Inc.

Key Statistics (unaudited)

(Dollars in thousands)

		Thirteen weeks ended
		January 31, 2026				February 1, 2025
Number of stores - beginning of period			645				546
Store openings			-				13
Store closings			-				-
Number of stores - end of period			645				559
Yr/yr store growth			15.4	%			9.2	%
Comparable stores sales change			3.6	%			2.8	%
Comparable store count – end of period			539				498
Total cash and investments (1)		$	562,763			$	428,669
Capital expenditures		$	17,991			$	24,384
Share repurchases		$	33,647			$	5,749

⁽¹⁾ Includes cash and cash equivalents, short-term investments, and long-term investments.

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Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99 EXHIBIT 99.1 401.3 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 21.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 15.7 KB