Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. is set to release its fourth quarter and full-year fiscal 2024 financial results on March 19, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call hosted by the President and CEO, Eric van der Valk, and the Executive Vice President and CFO, Robert Helm, at 8:30 a.m. Eastern Time on the same day [1] - The company encourages interested parties to pre-register for the live conference call and provides options for listening to a live webcast or replay through its Investor Relations section [2] Group 2: Company Overview - Ollie's is recognized as America's largest retailer of closeout merchandise and excess inventory, offering significant value on brand name products across various departments [3] - The company operates 571 stores across 31 states and continues to expand its presence [3]

Core Insights - Ollie's Bargain Outlet is accelerating its expansion by acquiring 40 former Big Lots store leases, increasing the total number of former Big Lots locations to 63, pending bankruptcy court approval [1][4] Group 1: Expansion Strategy - The newly acquired Big Lots locations align with Ollie's growth strategy, being the right size, having favorable lease terms, and catering to budget-conscious shoppers [2] - The company plans to prioritize opening these newly acquired stores over previously planned locations, aiming to open around 75 stores in 2025, exceeding its typical 10% annual growth target [3] Group 2: Market Position and Business Model - Ollie's operates 568 stores across 31 states and aims to grow to 1,300 locations nationwide, indicating a significant growth initiative within the competitive retail landscape [4] - The company's business model focuses on "buying cheap and selling cheap," which, along with cost-control efforts and the expansion of the Ollie's Army rewards program, strengthens its market position [5] Group 3: Competitive Advantage - Ollie's success relies on offering brand-name merchandise at deep discounts, with prices 20% to 70% lower than department stores, attracting value-conscious consumers [6] - The company has a robust supply-chain infrastructure, supported by a new distribution center in Princeton, IL, which enhances its ability to manage an expanding footprint and serve up to 750 stores [7] Group 4: Financial Performance and Challenges - Ollie's strategic expansion aims to strengthen market presence and drive sales, supporting future financial performance, although challenges include margin pressures from higher SG&A expenses and shifts in product mix [8]

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. has announced the acquisition of 40 former Big Lots store leases, bringing the total to 63, pending bankruptcy court approval [1][2]. Group 1: Acquisition Details - The acquisition includes 40 additional store leases from Gordon Brothers, which aligns with the company's growth strategy and operational plans [1][2]. - The new store locations are considered favorable due to their size, lease terms, and proximity to existing trade areas, catering to value-conscious consumers [2]. Group 2: Growth Strategy - The company plans to adjust its new store openings to prioritize the acquired locations, aiming to accelerate new store openings in 2025 beyond the 10% annual growth target, with an estimated 75 new units [2]. - Ollie's currently operates 568 stores across 31 states, focusing on closeout merchandise and excess inventory, offering significant value on brand-name products [3].

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. has announced the acquisition of 40 former Big Lots store leases, bringing the total to 63, pending bankruptcy court approval [1][2] Group 1: Acquisition Details - The acquisition includes 40 additional store leases from Gordon Brothers, which aligns with the company's growth strategy and operational plans [1][2] - The acquired locations are deemed suitable due to their size, favorable lease terms, and proximity to existing trade areas, catering to value-conscious consumers [2] Group 2: Growth Strategy - The company plans to adjust its new store openings to prioritize the acquired stores, aiming to accelerate new store openings in 2025 beyond the 10% annual growth target, with an estimated 75 new units [2] - Ollie's currently operates 568 stores across 31 states, focusing on closeout merchandise and excess inventory, offering significant value on brand name products [3]

Economic Sentiment - U.S. consumer sentiment has recently declined, indicating a more cautious approach to spending in 2025 [1] - Concerns over inflation and tariffs are contributing factors to this decline in consumer confidence [1] Investment Landscape - The financial markets continue to attract interest, with a focus on stocks, mutual funds, and ETFs for intermediate- to long-term investing [1] - The article highlights the importance of research and analysis in investment decisions, particularly in the context of retirement portfolio management [1]

Core Viewpoint - Ollie's Bargain Outlet Holdings, Inc. has appointed Eric van der Valk as the new President & CEO, effective February 2, 2025, completing the company's Leadership Succession Plan initiated in June 2024 [1][2]. Group 1: Leadership Changes - Eric van der Valk has been appointed as President & CEO and has joined the Board of Directors, increasing the total number of directors from nine to ten [1]. - John Swygert has transitioned to the role of Executive Chairman of the Board after over 20 years of leadership [1][2]. - The Board expressed confidence in Eric van der Valk's ability to lead the company towards sustainable long-term growth due to his extensive experience in closeout, deep discount, merchandising, and operations [2]. Group 2: Company Overview - Ollie's is recognized as America's largest retailer of closeout merchandise and excess inventory, providing significant value on brand name products across various departments [3]. - The company operates 562 stores across 31 states and continues to expand its footprint [3].

Group 1 - Ollie's Bargain Outlet Holdings, Inc. appointed Eric van der Valk as President & CEO effective February 2, 2025, and he has joined the Board of Directors, increasing the total number of directors to ten [1] - John Swygert has been appointed as Executive Chairman of the Board, completing the Company's Leadership Succession Plan announced in June 2024 [1] - Eric van der Valk expressed gratitude for the opportunity to lead the company and emphasized the commitment to delivering value to customers [2] Group 2 - John Swygert reflected on his 20-plus years with Ollie's, highlighting the company's dedication to its business model of selling Real Brands and Real Bargains [2] - Rich Zannino, the lead independent director, stated that Eric van der Valk's experience in closeout, deep discount, merchandising, and operations makes him the ideal candidate for the CEO role [2] - The company operates 562 stores across 31 states, focusing on providing extreme value on brand name products in various departments [3]

Discount retail stock Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) has been on an extended descent since its Dec. 20, three-year high of $120.00. Down 1.3% at $99.93 at last glance, the stock is headed for its ninth loss in the last 11 sessions. The 126-day moving average, which represents half a year's worth of trading, appears to be providing support today, however. And given it's history as a bullish trendline for the stock, it could soon provide OLLI with a jumping off point. Per Schaeffer's Senior ...

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) has caught the attention of investors, with its stock climbing 8.4% in the past month, fueled by robust financial results and strategic growth initiatives. While this performance has been impressive, it raises a critical question: Is there still room for further upside, or has OLLI reached its peak?With the company’s solid fundamentals, aggressive expansion plans and increasing consumer loyalty, OLLI appears well-positioned to maintain its upward trajectory. The ...

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Ollie's Bargain Outlet (OLLI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Ollie's Bargain Outlet is one of 185 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 in the Zacks Sector ...