UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Ollie's Bargain Outlet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-37501 80-0848819 (Commission File Number) (IRS Em ...

Financial Data and Key Metrics Changes - Net sales increased by 12% to $578 million, driven by new store growth and a 5.8% increase in comparable store sales [17][19] - Operating income rose by 16% to $61 million, with an operating margin increase of 30 basis points to 10.5% [19] - Adjusted net income increased by 16% to $48 million, and adjusted earnings per share rose to $0.78 [19] - Gross margin slightly decreased to 37.9%, a 30 basis point decline from the previous year [18] - Adjusted EBITDA increased by 16% to $74 million, with an adjusted EBITDA margin increase of 50 basis points to 12.9% [19] Business Line Data and Key Metrics Changes - The best-performing categories included room air, housewares, sporting goods, food, and candy [18] - Comparable store sales growth was primarily driven by strong growth in transactions, with basket and average unit retail also positively contributing [17] Market Data and Key Metrics Changes - The company ended the quarter with 14.5 million active Ollie's Army members, with sales to members accounting for over 80% of total sales [14][18] - The company opened nine new stores, ending with 525 stores across 31 states, representing a 9% year-over-year increase [18] Company Strategy and Development Direction - The company aims to grow to over 1,300 stores across the United States, with a focus on investing in people, processes, marketing, supply chain, and information technology [7][8] - The acquisition of 99 Cents Only stores is expected to accelerate store growth over the next 18 months, particularly in Texas [12][18] - The company is testing a higher mix of full-time associates in select stores to improve productivity and reduce turnover [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges, including rising ocean shipping rates and competitor liquidations [10][34] - The company raised its fiscal 2024 sales and earnings guidance, expecting total net sales of $2.276 billion to $2.291 billion [21] - Management noted that while competitor liquidations could impact the business, they are well-positioned to capitalize on market share opportunities [28][34] Other Important Information - The company has opened its fourth distribution center in Princeton, Illinois, which is expected to enhance productivity and support growth in the Midwest [11] - A new co-branded Visa credit card program is being rolled out, designed to enhance customer loyalty and spending [15][76] Q&A Session Summary Question: Can you elaborate on the cadence of trends through the quarter and August performance? - Management noted positive comps in all three months of the quarter, with strong momentum continuing into August, despite potential impacts from competitor liquidations [25][26] Question: What is the multiyear opportunity from industry consolidation? - Management highlighted the potential for market share gains and emphasized their strong relationships with key vendors, positioning them well for future growth [27][29] Question: Can you quantify the impact of gross margin mix shift? - Management indicated that the mix shift primarily affected gross margin in Q2, but they remain confident in achieving their full-year gross margin target of 40% [32][33] Question: How are you thinking about the impact of competitor liquidations? - Management acknowledged the unprecedented nature of the competitor closures but expressed confidence in their ability to navigate the situation and gain market share [34][36] Question: How are the 99 Cents Only stores performing? - Management reported positive early results from the opened 99 Cents Only stores, with excitement about marketing to previous customers [66][67] Question: What are the implications of the seasonal and toy categories on gross margin? - Management expects seasonal and toy categories to positively impact gross margin in Q3 and Q4, contrasting with the lower margin impact from room air and consumables in Q2 [71]

For the quarter ended July 2024, Ollie's Bargain Outlet (OLLI) reported revenue of $578.38 million, up 12.4% over the same period last year. EPS came in at $0.78, compared to $0.67 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $562.37 million, representing a surprise of +2.85%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.78. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Ollie's Bargain Outlet (OLLI) came out with quarterly earnings of $0.78 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this retailer would post earnings of $0.65 per share when it actually produced earnings of $0.73, delivering a surprise of 12.31%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Ollie's Bargain Ou ...

Exhibit 99.1 1 Ollie's Bargain Outlet Holdings, Inc. Reports Second Quarter Fiscal 2024 Financial Results ~ Comparable Store Sales increased 5.8% ~ ~ Earnings per Share increased 16.2% to $0.79 ~ ~ Adjusted Earnings per Share increased 16.4% to $0.78 ~ ~ Raising Fiscal Year Sales and Earnings Outlook ~ HARRISBURG, PA – August 29, 2024 – Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the "Company") today reported financial results for the second quarter ended August 3, 2024. Second Quarter Summary: • ...

~ Comparable Store Sales increased 5.8% ~ ~ Earnings per Share increased 16.2% to $0.79 ~ ~ Adjusted Earnings per Share increased 16.4% to $0.78 ~ ~ Raising Fiscal Year Sales and Earnings Outlook ~ HARRISBURG, Pa., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the "Company") today reported financial results for the second quarter ended August 3, 2024. Second Quarter Summary: Total net sales increased 12.4% to $578.4 million. Comparable store sales increased 5.8% fro ...

Ollie's Bargain Outlet Holdings, Inc. (OLLI) is set to report its second-quarter fiscal 2024 on Aug 29, before the opening bell. Analysts are anticipating an impressive performance, with the Zacks Consensus Estimate for revenues at $562.4 million, indicating a 9.3% increase compared to the prior-year quarter. The extreme-value retailer of brand-name merchandise is also anticipated to deliver bottom-line growth. The Zacks Consensus Estimate for second-quarter earnings per share has remained steady at 78 cent ...

Analysts on Wall Street project that Ollie's Bargain Outlet (OLLI) will announce quarterly earnings of $0.78 per share in its forthcoming report, representing an increase of 16.4% year over year. Revenues are projected to reach $562.37 million, increasing 9.3% from the same quarter last year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Ah ...

Ollie's Bargain Outlet Holdings, Inc. (OLLI) has taken a significant step forward in its nationwide expansion with the grand opening of its fourth distribution center in Princeton, IL. The new 615,000-square-foot distribution hub is not just a milestone in Ollie's growth strategy, but a crucial hub that will drive the company's expansion in the Midwest and support its push westward. Strategically designed to improve efficiency, the Princeton distribution center will initially serve around 60 stores across n ...

New Facility Brings More Jobs and Economic Growth to Princeton HARRISBURG, Pa., Aug. 21, 2024 /PRNewswire/ -- Ollie's Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) gathered today with officials from the Illinois Department of Commerce and Economic Opportunity and the city of Princeton to celebrate the grand opening and ribbon cutting of the new Ollie's distribution center in Princeton, Illinois. The more than 615,000 square foot facility is now open and is a crucial part of Ollie's growth plan in support of ...