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 (OLLI) operates a unique treasure hunt retail model, offering brand-name closeout merchandise at significant discounts across the Eastern U.S. This page serves as the definitive source for verified company news, providing investors and industry observers with timely updates directly from official channels.
Access real-time press releases, financial disclosures, and strategic announcements covering earnings results, store expansions, leadership updates, and supply chain developments. Our curated collection ensures you stay informed about OLLI’s market positioning in the competitive discount retail sector without promotional bias.
Key content includes acquisition announcements, operational milestones, and analyses of consumer trends impacting the closeout merchandise industry. Bookmark this page for efficient tracking of OLLI’s growth initiatives and financial health indicators, all presented in compliance with financial reporting standards.
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.
Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) will announce its third quarter financial results for fiscal 2021 on December 2, 2021, after market close. A conference call hosted by management is scheduled for 4:30 p.m. ET to discuss the results. Investors can join the call by dialing (800) 219-7052 or (574) 990-1029, using conference ID #4675969. The call will also be available via a live webcast on the Company’s Investor Relations website, where additional information about the company is provided.
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%.
FAQ
What is the current stock price of Ollies Bargain (OLLI)?
What is the market cap of Ollies Bargain (OLLI)?
