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Ollies Bargain - OLLI STOCK NEWS

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.

Overview

Ollie’s Bargain Outlet (OLLI) is a renowned retailer specializing in offering a wide array of brand-name closeout merchandise, excess inventory, and salvage products at drastically reduced prices. With hundreds of locations strategically positioned across the Eastern half of the United States, the company has established itself as a significant player in the discount retail space. Its unique treasure hunt shopping experience, reinforced by witty in-store signage and a non-planogram environment, creates a dynamic and engaging atmosphere for value-conscious consumers.

Business Model and Operations

At its core, Ollie’s Bargain Outlet excels in the art of acquiring surplus and excess inventory from around the globe. The company’s experienced buyers consistently search international and domestic markets to secure high-quality, recognized brand-name products in various categories. These include housewares, food, books, stationery, bed and bath items, floor coverings, toys, health and beauty aids, and more. By operating on a model that emphasizes deep discounts and a no-frills shopping environment, Ollie’s achieves a compelling customer value proposition that drives frequent store visits.

Revenue is generated primarily through direct retail sales, with each store offering a diverse mix of merchandise sourced through robust supply chain relationships and disciplined expense control. The company’s operational strategy emphasizes a fluid store opening program to maximize new store productivity alongside careful management of pre-opening expenditures.

Market Position and Competitive Dynamics

Ollie’s Bargain Outlet has carved out a niche within the intense field of off-price retail. Its model is particularly effective in an economic landscape where consumers are increasingly seeking value and savings. This retailer differentiates itself not only with its extensive selection of products and low prices, but also by promoting a shopping experience that is both fun and engaging. The use of humorous advertising and creative in-store displays further cements its reputation among bargain hunters.

In a competitive market that includes other discount retailers and closeout merchandise specialists, Ollie’s stands apart by demonstrating a strong commitment to operational discipline, effective expense management, and a strategic approach to store acquisitions. The company has successfully integrated mergers and leveraged opportunities from market consolidations, such as acquiring store locations from other retailers undergoing restructuring or bankruptcy, thereby enhancing its market footprint and operational scale.

Corporate Culture and Employee Focus

A critical element in Ollie’s sustained success is its focus on human capital. Recognizing that employees are the backbone of the business, the company invests in the development and promotion of its associates. With an internal promotion rate that underscores a commitment to career advancement, Ollie’s cultivates an entrepreneurial spirit, encouraging creativity through its non-planogram store environment. Initiatives such as the Ollie’s Leadership Institute serve to reinforce a culture of continuous training and professional growth—an aspect central to its operational excellence.

Strategic Growth and Execution

Ollie’s Bargain Outlet’s growth strategy is marked by thoughtful store expansion and astute acquisition of properties in advantageous markets. The company leverages demographic studies and real estate feasibility analyses to identify sites with strong consumer bases, often capturing growth opportunities in rural and suburban areas. By maintaining a cautious yet flexible store opening cadence, Ollie’s is able to balance maintaining operational efficiency with rapid expansion, ensuring that each new location contributes positively to the overall business model.

Moreover, recent strategic acquisitions, such as taking over select locations from competitors facing restructuring, reaffirm the company’s ability to navigate complex market dynamics. These operations are conducted with a focus on enhancing value for its customers, repositioning store portfolios, and driving consistent performance in a volatile retail landscape. With a consolidated focus on operational discipline, strong vendor relationships, and innovative product sourcing, Ollie’s proves its capability to sustain a unique market niche in discount retail.

Customer Engagement and Value Proposition

The customer experience at Ollie’s Bargain Outlet is intentionally designed to evoke the excitement of a treasure hunt. Shoppers benefit from the discovery of major brand-name products at prices significantly lower than conventional retailers. This not only fuels customer loyalty but also differentiates Ollie’s within a competitive retail environment. The interplay between quality, value, and an entertaining shopping environment continues to resonate with a broad demographic of price-sensitive consumers.

Conclusion

In summary, Ollie’s Bargain Outlet stands as a testament to the evolution of closeout retail. Its robust business model, emphasis on employee growth, strategic approach to market expansion, and commitment to delivering value define its lasting appeal. Whether it is through the dynamic in-store experience or the disciplined sourcing of high-quality merchandise, the company remains a focal point for consumers seeking exceptional savings and for observers interested in the intriguing dynamics of discount retailing.

Rhea-AI Summary

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.

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Ollie’s Bargain Outlet Holdings reported impressive first quarter results for fiscal 2021, with net sales rising 29.5% to $452.5 million and comparable store sales up 18.8%. Diluted EPS increased 64.7% to $0.84, while adjusted diluted EPS saw a 63.3% rise to $0.80. Operating income surged 65.7% to $71.2 million with an operating margin of 15.7%. The company opened 11 new stores, bringing the total to 397. Despite the strong performance, Ollie’s is cautious about the ongoing pandemic and has not provided guidance for fiscal 2021.

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Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) announced its financial results for Q1 fiscal 2021 will be released on May 27, 2021, after market close. A conference call to discuss the results will follow at 4:30 p.m. ET. Analysts and investors can join the call by dialing (800) 219-7052 or (574) 990-1029, using conference ID #1992296. The company operates 401 stores across 26 states, offering brand name merchandise at reduced prices, known for its motto Good Stuff Cheap®.

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Ollie’s Bargain Outlet Holdings (Nasdaq: OLLI) has appointed Eric van der Valk as Executive Vice President and Chief Operating Officer, effective May 3, 2021. He will oversee Store Operations, Supply Chain, Real Estate, and Asset Protection. CEO John Swygert expressed confidence in van der Valk's extensive experience in discount retail to support Ollie’s growth plans, which aim to expand to 1,050 locations. Van der Valk previously held leadership positions at Christmas Tree Shops and brings valuable expertise to Ollie’s team.

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Ollie’s Bargain Outlet raised over $640,000 through an in-store fundraising campaign during February and March to support Feeding America. The funds will benefit more than 100 food banks in the communities where Ollie’s operates. Ollie’s, one of America’s largest closeout retail chains, aims to aid local food banks amid the pandemic-induced hunger crisis affecting 42 million people in the U.S. in 2021, including 13 million children. The campaign involved 390 participating locations donating proceeds to 109 member food banks.

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Ollie's Bargain Outlet reported strong financial results for Q4 and full-year fiscal 2020, with total net sales rising 22.1% to $515.8 million in Q4 and 28.4% to $1.809 billion for the year. Comparable store sales increased by 8.8% and 15.6%, respectively. Diluted EPS grew 27.3% to $0.98 in Q4 and 72.0% to $3.68 for the year. The company announced a $100 million increase in its share repurchase program, now totaling $200 million. Despite these positive results, guidance for fiscal 2021 is not provided due to ongoing COVID-19 uncertainties.

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Ollie’s Bargain Outlet Holdings (Nasdaq: OLLI) will announce its financial results for Q4 and full-year fiscal 2020 on March 18, 2021, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. Analysts and investors can join the call by dialing (800) 219-7052 or (574) 990-1029 with conference ID #6897141. The call will also be available via webcast on the company's Investor Relations website.

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Ollie’s Bargain Outlet partnered with the Marine Toys for Tots Foundation, raising over $750,000 from November 22 to December 12, assisting less fortunate children. They served as a toy drop-off location, where customers donated thousands of toys across more than 250 counties.

President and CEO John Swygert expressed gratitude for the community's generosity. The Marine Toys for Tots Foundation, founded in 1947, aims to distribute toys to children in need during the holiday season.

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Ollie’s Bargain Outlet has authorized an increase in its share buyback program to $159.6 million, which includes $59.6 million remaining from the previous program expiring on March 26, 2021. The new authorization of $100 million will last until January 13, 2023. Buybacks may occur through various means, depending on market conditions. CEO John Swygert expressed confidence in future growth and shareholder value, emphasizing the company’s strong financial performance and cash flow.

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FAQ

What is the current stock price of Ollies Bargain (OLLI)?

The current stock price of Ollies Bargain (OLLI) is $117.46 as of April 3, 2025.

What is the market cap of Ollies Bargain (OLLI)?

The market cap of Ollies Bargain (OLLI) is approximately 7.1B.

What is the primary business model of Ollie’s Bargain Outlet?

Ollie’s Bargain Outlet specializes in acquiring and retailing brand-name closeout merchandise at substantially reduced prices, sourcing excess inventory globally.

How does Ollie’s create a unique shopping experience?

The company utilizes a non-planogram store layout, engaging treasure hunt shopping environments, and humorous in-store signage to enhance the customer experience.

What types of products does Ollie’s offer?

Ollie’s offers a wide range of products including housewares, food, books, stationery, bed and bath items, floor coverings, toys, and health and beauty aids.

How does Ollie’s approach employee development?

Ollie’s is highly focused on people development through initiatives like the Ollie’s Leadership Institute, which supports internal promotions and fosters an entrepreneurial culture.

What strategies does Ollie’s use for store expansion?

The company employs careful demographic analyses and real estate studies to identify growth opportunities, and it strategically acquires store locations through market consolidations.

How does Ollie’s differentiate itself from other discount retailers?

Ollie’s stands apart by offering an engaging shopping experience, a diverse range of brand-name merchandise, disciplined expense control, and a unique treasure hunt format.
Ollies Bargain

Nasdaq:OLLI

OLLI Rankings

OLLI Stock Data

7.11B
61.07M
0.26%
111.35%
5.16%
Discount Stores
Retail-variety Stores
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United States
HARRISBURG