Recent Updates — OLLI

The Board of Directors has approved a new $500 million share repurchase authorization for Ollie’s Bargain Outlet Holdings, Inc. This adds to the company's existing capacity, bringing total aggregate share repurchase authority to approximately $561 million. The program allows for open market or privately negotiated purchases with no expiration date and does not obligate the company to buy any specific amount of stock. Since 2019, Ollie’s has returned roughly $679 million to shareholders through buybacks while continuing to invest in store expansion and infrastructure. Ollie's Bargain Outlet Holdings operates as an off-price retailer selling brand-name household products.

Ollie's Bargain Outlet Holdings reported second quarter fiscal 2026 results with net sales increasing 9.1% to $741.3 million and adjusted net income per diluted share rising 43.4% to $1.42. Comparable store sales declined 1.8%, driven by lower average basket size, while gross margin expanded 360 basis points to 43.5% due to IEEPA tariff refunds. The company opened 15 new stores, ending the quarter with 686 locations, and invested $84 million in share repurchases. Ollie's updated its full-year fiscal 2026 net sales outlook downward to $2.928–$2.941 billion from a previous range of $2.980–$3.000 billion, citing challenging consumer conditions and an elevated promotional environment. The company operates as an off-price retailer of brand-name household products.