Ollies Bargain - OLLI STOCK NEWS

Ollie’s Bargain Outlet Holdings (Nasdaq: OLLI) will participate in a fireside chat at the Jefferies Consumer Conference from June 20-22, 2022. The chat will be available via webcast starting June 20 at 8:00 a.m. ET. Key executives attending include John Swygert, Eric van der Valk, and Jay Stasz. The audio will be accessible on the Investor Relations section of Ollie’s website, with an archive available for 90 days post-event. Ollie’s operates 447 stores across 29 states, offering brand name products at significantly reduced prices.

Ollie’s Bargain Outlet Holdings reported a 10.1% decline in total net sales to $406.7 million for Q1 2022, with comparable store sales down 17.3%. The company's operating income fell 75.9% to $17.1 million, and net income decreased 77.3% to $12.5 million, or $0.20 per diluted share. Despite a challenging market, CEO John Swygert noted improved sales trends in Q2 and highlighted long-term growth potential with plans for 46-48 new stores this year. CFO Jay Stasz is resigning, with Swygert stepping in as interim CFO.

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) will release its financial results for Q1 fiscal 2022 on June 8, 2022, before market opens. Following this, at 8:30 a.m. Eastern Time, management will host a conference call to discuss the results. Investors may join the call by dialing (800) 219-7052 or (574) 990-1029, using the conference ID #37220731. A live webcast will also be available on the Investor Relations section of the company's website. Ollie's operates 445 stores across 29 states, providing brand name merchandise at discounted prices.

Ollie’s Bargain Outlet raised over $580,000 through an in-store campaign from April 10 to May 7 to support 114 Feeding America member food banks. CEO John Swygert emphasized the importance of aiding communities amidst high inflation, showcasing a commitment to social responsibility. More than 38 million people face hunger in the U.S., with the funds benefitting individuals in the 29 states where Ollie’s operates. This marks the third year of partnership with Feeding America.

Ollie's Bargain Outlet reported Q4 2021 results showing a 2.8% decrease in net sales to $501.1 million and a 10.5% drop in comparable store sales. Operating income fell 32.2% to $57.5 million, resulting in net income decreasing by 30.8% to $44.7 million or $0.71 per diluted share. For fiscal 2021, total sales decreased 3.1% to $1.753 billion. The company initiated guidance for fiscal 2022, predicting net sales between $1.908 billion and $1.926 billion.

Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) announced the release of its financial results for Q4 and full-year fiscal 2021 on March 23, 2022, after market close. Subsequently, management will host a conference call at 4:30 p.m. ET to discuss the results. Investors can participate via phone or listen to a live webcast on the company’s Investor Relations website. Operating 433 stores across 29 states, Ollie’s is recognized for offering brand-name merchandise at significantly reduced prices, promoting their brand as Good Stuff Cheap®.

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.