Welcome to our dedicated page for Ollie's Bargain Outlet Holdings news (Ticker: OLLI), a resource for investors and traders seeking the latest updates and insights on Ollie's Bargain Outlet Holdings 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.
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Ollie’s Bargain Outlet Holdings reported a 9.7% increase in Q4 net sales, totaling $549.8 million, with a 3.0% rise in comparable store sales. Q4 earnings per share (EPS) rose 19.7% to $0.85. The company opened 5 new stores, ending the quarter with 468 stores across 29 states. Although annual net sales increased by 4.2% to $1.827 billion, comparable store sales decreased by 3.0%. The company expects fiscal 2023 net sales between $2.036 billion and $2.058 billion, with a comparable sales increase of 1.0% to 2.0%.