OLLI Stock Recent News

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Eric Van Der Valk, Ollie's Bargain Outlet CEO, joins 'Power Lunch' to discuss the state of the consumer, discount shopping and impact of tariffs.

Ollie's Bargain Outlet NASDAQ: OLLI experienced a game-changing event with Big Lots' bankruptcy. The company is rushing to fill the void, having already acquired more than 60 location leases and planning to accelerate its store openings.

OLLI's fourth-quarter fiscal 2024 earnings results reflect comparable store sales growth of 2.8%. The company aims to open 75 new stores in fiscal 2025.

Ollie's Bargain Outlet Holdings, Inc. OLLI reported in-line earnings for the fourth quarter on Wednesday.

Shares of Ollie's Bargain Outlet Holdings (OLLI) jumped 10% Wednesday when the discount retailer announced a stock buyback and expanded its footprint.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI ) Q4 2024 Earnings Conference Call March 19, 2025 8:30 AM ET Company Participants Eric van der Valk - President & Chief Executive Officer Robert Helm - Executive Vice President & Chief Financial Officer Conference Call Participants Steven Zaccone - Citi Chuck Grom - Gordon Haskett Alexia Morgan - Piper Sandler Matthew Boss - JPMorgan Brad Thomas - KeyBanc Capital Markets Lauren Ng - Morgan Stanley Scot Ciccarelli - Truist Securities Kate McShane - Goldman Sachs Anthony Chukumba - Loop Capital Markets Jeremy Hamblin - Craig-Hallum Capital Group Matt Rothway - UBS Operator Good morning, and welcome to Ollie's Bargain Outlet Conference Call to discuss Financial Results for the Fourth Quarter and Fiscal Year 2024. Currently, all participants are in a listen-only mode.

While the top- and bottom-line numbers for Ollie's Bargain Outlet (OLLI) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Ollie's Bargain Outlet (OLLI) came out with quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.23 per share a year ago.

HARRISBURG, Pa., March 19, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) announced today that its Board of Directors has unanimously approved a new share repurchase authorization for the repurchase of an additional $300 million of the Company's outstanding common stock. This new authorization is effective through March 31, 2029. The Company may repurchase the shares in open market transactions, privately negotiated transactions, or a combination of the foregoing. Share repurchase decisions are at the Company's discretion based on market conditions, business considerations and other factors. Since Ollie's enacted its first share buyback in 2019, the Company has bought back nearly $414 million, or 5.5 million shares, of its common stock.