Ollie's Bargain Outlet Holdings, Inc.
- Open
- 63.48
- Day high
- 65.19
- Day low
- 63.21
- Prev close
- 63.72
- Volume
- 2.0M
- Mkt cap
- $4.0B
- P/E (TTM)
- 15.9
- EPS (TTM)
- $4.08
- P/B
- 2.1
- P/S
- 1.4
- Yield
- —
- Per share
- —
Ollie's Bargain Outlet Holdings, Inc. (OLLI) is a Consumer Defensive company listed on NASDAQ. The stock is down 50% over the past year. Drillr has 8 published research articles covering OLLI.
Ollie's Bargain Outlet Holdings, Inc. (OLLI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OLLI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 3, 2026 | $0.87 | $0.91 | +4.6% | $659M | -0.4% |
| Mar 12, 2026 | $1.39 | $1.39 | +0.0% | $779M | -0.6% |
| Dec 9, 2025 | $0.74 | $0.75 | +1.4% | $614M | -0.3% |
| Aug 28, 2025 | $0.93 | $0.99 | +6.8% | $680M | +2.6% |
| Jun 3, 2025 | $0.71 | $0.75 | +5.5% | $577M | +1.9% |
| Mar 19, 2025 | $1.20 | $1.19 | -0.8% | $667M | +17.4% |
| Dec 10, 2024 | $0.57 | $0.58 | +1.8% | $517M | -0.3% |
| Aug 29, 2024 | $0.78 | $0.78 | +0.0% | $578M | +3.0% |
| Jun 5, 2024 | $0.65 | $0.73 | +12.3% | $509M | +0.5% |
| Mar 20, 2024 | $1.16 | $1.23 | +6.0% | $649M | -0.1% |
| Dec 6, 2023 | $0.45 | $0.51 | +13.3% | $480M | -26.1% |
| Aug 31, 2023 | $0.61 | $0.67 | +9.8% | $515M | +10.2% |
OLLI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 8, 2026 | SWYGERT JOHN Wdirector, officer: Executive Chairman | Sell | 3,330 | $95.80 |
| Apr 3, 2026 | WHITE STEPHEN Wdirector | Option | 1,091 | — |
| Apr 3, 2026 | Comitale James Jofficer: SVP, General Counsel | Tax | 335 | $91.24 |
| Apr 3, 2026 | Kraus Larryofficer: SVP, CIO | Grant | 2,466 | — |
| Apr 3, 2026 | BAGLIVO MARYdirector | Grant | 1,644 | — |
| Apr 3, 2026 | McLain Kevinofficer: SVP, Merchandising | Tax | 241 | $91.24 |
| Apr 3, 2026 | SWYGERT JOHN Wdirector, officer: Executive Chairman | Tax | 2,564 | $91.24 |
| Apr 3, 2026 | Ahlman Alissa Mdirector | Option | 1,091 | — |
| Apr 3, 2026 | Helm Robert Fofficer: EVP/CFO | Grant | 5,480 | — |
| Apr 3, 2026 | Helm Robert Fofficer: EVP/CFO | Tax | 646 | $91.24 |
| Apr 3, 2026 | Ahlman Alissa Mdirector | Grant | 1,644 | — |
| Apr 3, 2026 | BAGLIVO MARYdirector | Option | 1,091 | — |
| Apr 3, 2026 | Kraus Larryofficer: SVP, CIO | Option | 491 | — |
| Apr 3, 2026 | Kraus Larryofficer: SVP, CIO | Option | 758 | — |
| Apr 3, 2026 | van der Valk Ericdirector, officer: President and CEO | Tax | 806 | $91.24 |
Source: OLLI SEC Form 4 filings, latest Apr 8, 2026. For informational purposes only — not investment advice.
See the full OLLI insider & 13F page →OLLI research & analysis
Ollie's Hits 559 Stores With 17% Revenue Growth — The Expansion Playbook Is Working
Ollie's Bargain Outlet reached 559 stores at the end of FY2024 and has since accelerated its expansion to 645 locations by Q3 FY2025, driving 17-19% quarterly revenue growth with stable margins. The company's low-cost unit economics — $1M investment per store with $4M first-year sales and a two-year payback — support a long runway toward its 1,300+ store target.
Off-Price Retail Scorecard: Ranking OLLI, FIVE, BURL, TJX, and ROST on Growth and Margins
TJX leads the off-price retail group with 12% operating margins and 54% ROE, while Ollie's offers the best value at 23x forward P/E with double-digit revenue growth. Five Below commands the richest valuation despite the weakest earnings track record, making it the least attractive risk/reward in the group.
FIVEBURLTJXHow do TJX and Ross's margins compare to Ollie's and Burlington as the off-price sector matures?
Burlington and Ollie's carry significantly higher gross margins (41.9% and 40.3%) than TJX and Ross (31.1% and 27.9%), but the larger players convert more efficiently — TJX and Ross deliver 12.0% and 11.9% operating margins respectively versus Burlington's 8.9%. Ross emerges as the quiet margin leader with a best-in-class 9.7% FCF margin, while Burlington's 21.6% EBITDA growth signals the fastest margin expansion trajectory in the group.
TJXROSTBURLWhich off-price retailer has the most runway: Ollie's at 559 stores or Five Below at 1,750+?
Ollie's Bargain Outlet has the most store growth runway among off-price retailers, with ~133% unit growth potential from 559 to 1,300+ stores, the highest operating margins (11.2%), and the cleanest balance sheet (0.37x debt/equity). Five Below has ~100% remaining growth to 3,500 stores but faces margin pressure from its Five Beyond format shift, while Burlington is the most mature with ~80% unit growth left and the highest leverage.
FIVEBURLAt what store count does Ollie's SG&A leverage inflect enough to expand operating margins?
Ollie's SG&A as a percentage of sales has remained stuck at 26-28% despite growing from 431 to 645 stores over four years, with the leverage inflection likely occurring around 700-750 stores (late FY2026) when growth rates moderate, bankruptcy-acquired stores mature, and fixed-cost absorption accelerates — potentially pushing operating margins above 12% for the first time on a sustained basis.
FIVEHow does Ollie's gross margin compare to TJX and Burlington as closeout deal flow tightens?
Ollie's 40.3% TTM gross margin ranks between Burlington (41.9%) and well above TJX (31.1%) and Ross (27.9%), but OLLI's quarterly margins compressed 180bps YoY in Q4 2025 while TJX expanded by 140bps. The divergence highlights OLLI's vulnerability to tightening closeout supply versus TJX's diversified sourcing model, with operating margin (10.2% vs TJX's 13.0%) further constrained by SGA deleveraging at smaller scale.
TJXBURLROSTWhich regions offer the best whitespace for Ollie's next 750 stores?
Ollie's operates 645 stores across 34 states with distribution infrastructure supporting up to 750 locations, targeting 1,300+ long-term. The Deep South (backfill), Upper Midwest (Princeton DC unlock), and Mountain West (long-term frontier) represent the highest-potential whitespace regions, supported by a capital-efficient unit model (~$1M investment, ~2-year payback) and an unprecedented bankruptcy-acquisition pipeline that delivered 63 of 86 new stores in FY2025.
BURLTJXCan Ollie's maintain unit economics as it accelerates from 50 to 75+ stores per year?
Ollie's opened 86 stores in the first 39 weeks of FY2025 — more than double the prior-year pace — while maintaining operating margins at 10.1% and capex per store near the $1.0M target model. SG&A leverage, declining per-store pre-opening costs, and distribution capacity to 750 stores suggest unit economics are holding through the acceleration, though pre-opening expenses as a percentage of sales have doubled and will require monitoring as annual openings push higher.
FIVEDG
Ollie's Bargain Outlet Holdings, Inc. company profile
Overview
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) is a discount retail chain that operates as a closeout merchandise retailer across the United States. Founded in 1982 and headquartered in Harrisburg, Pennsylvania, the company went public in July 2015. Ollie's has grown from a small regional discount store to a national chain operating 559 stores across 31 states as of fiscal 2024. The company positions itself as offering "Good Stuff Cheap" by purchasing excess inventory, closeout merchandise, and overstock items from manufacturers and other retailers, then selling these brand-name products at significant discounts to consumers.
Business
Ollie's operates in the discount retail industry, specifically focusing on what's known as the closeout merchandise business model. The company purchases excess inventory, overstock items, production overruns, and closeout merchandise from manufacturers, wholesalers, and other retailers who need to quickly liquidate their inventory. This merchandise includes both brand-name and private-label products across diverse categories. The company's core offering spans multiple product categories including housewares (kitchen items, home décor, storage solutions), bed and bath products, food and candy, floor coverings (rugs, mats), health and beauty aids, books and stationery, toys and electronics, hardware, clothing, sporting goods, and lawn and garden products. The merchandise mix is intentionally unpredictable - customers never know exactly what they'll find, which creates a "treasure hunt" shopping experience that encourages frequent visits. Ollie's operates under several brand names including its primary Ollie's Bargain Outlet banner, along with specialty brands like Sarasota Breeze, Steelton Tools, American Way, and Middleton Home for different product categories. The company maintains a single business segment focused on discount retail operations, with no significant revenue breakdown by category disclosed, though management regularly highlights strong-performing categories like housewares, food and candy, and seasonal items like room air conditioners during earnings calls.
Revenue model
Ollie's generates revenue through direct product sales to consumers at its retail locations. The company's business model is built on purchasing merchandise at deeply discounted prices - typically 10-20 cents on the dollar - from suppliers who need to quickly liquidate excess inventory, then selling these items to consumers at prices 20-70% below traditional retail prices while maintaining healthy gross margins. The company's primary customers are value-conscious consumers across various income levels, with particular strength in households earning $40,000-$150,000 annually. The Ollie's Army loyalty program has grown to over 15.1 million members and accounts for more than 80% of total sales, providing valuable customer data and driving repeat visits. Several factors influence Ollie's margins and profitability. Positive margin drivers include the strength of the closeout market (more distressed inventory available means better purchasing terms), supply chain efficiencies as the company scales, and the ability to maintain pricing power due to the treasure hunt shopping experience. The company benefits from economic uncertainty and retail disruption, as these conditions create more closeout opportunities. Margin pressures can arise from increased competition for closeout deals, though Ollie's notes limited competition in their space. Transportation and logistics costs impact margins, as does product mix - consumable items like food and candy typically carry lower margins than hard goods. The company also faces seasonal fluctuations, with stronger performance typically in spring and summer months when categories like lawn and garden, and room air conditioners drive higher sales volumes.
Competitive moat
Ollie's possesses a moderate but sustainable competitive moat built primarily on its specialized expertise in the closeout merchandise business and established supplier relationships. The company's key competitive advantages include its deep relationships with suppliers who regularly offer excess inventory, its flexible buying model that allows rapid response to market opportunities, and its treasure hunt retail format that creates customer loyalty and frequent store visits. The company's scale advantages have grown significantly, with 559 stores providing substantial purchasing power when negotiating with suppliers. This scale, combined with four distribution centers strategically located across the country, creates operational efficiencies that smaller competitors cannot match. The Ollie's Army loyalty program with over 15 million members provides valuable customer data and creates switching costs for regular shoppers. However, the moat faces several challenges. The closeout merchandise model is inherently replicable - other retailers can pursue similar strategies, and the company faces competition from other discount retailers, dollar stores, and online platforms. Big Lots' bankruptcy in 2024 actually presented both opportunity and risk, as it eliminated a key competitor but also demonstrated the challenges facing the discount retail sector. The company's moat is geographically limited by store locations, and unlike asset-light digital businesses, Ollie's requires significant capital investment for expansion. The business model also depends on continued retail disruption and manufacturer inventory challenges to maintain deal flow, making it somewhat vulnerable to changes in broader retail industry dynamics. While the moat is real, it's more operational than structural, requiring continued execution excellence to maintain competitive advantages.
Risks & safety
Ollie's demonstrates a strong margin of safety with solid financial fundamentals and conservative capital structure, though valuation metrics suggest limited upside at current levels. **Financial Strength:** • Cash position of $205 million with minimal debt burden • Current ratio of 3.27 indicates strong liquidity • Debt-to-equity ratio of 0.33 shows conservative leverage • Positive free cash flow of $123 million in fiscal 2024 • No significant solvency concerns **Valuation Metrics:** • P/E ratio of 24.9x appears reasonable for a growing retailer • EV/EBITDA of 17.9x suggests moderate valuation • Price-to-book ratio of 4.0x indicates premium to tangible assets • Graham number of $26.36 suggests potential overvaluation at current $114 price **Other Considerations:** • Strong comparable store sales growth and expanding store base provide growth visibility • Benefit from retail industry disruption creates near-term tailwinds • Geographic expansion opportunity with presence in only 31 states • Seasonal business model creates quarterly earnings volatility
Recent development
Over the past few years, Ollie's has executed several key strategic initiatives focused on accelerated growth and market share capture. The company significantly expanded its store footprint, growing from 468 stores in fiscal 2022 to 559 stores by fiscal 2024, while simultaneously investing in distribution infrastructure with the opening of a fourth distribution center in Princeton, Illinois. A major strategic pivot occurred with the company's opportunistic real estate acquisitions. Ollie's acquired 11 stores from the bankrupt 99 Cents Only chain in Texas and subsequently secured 57 former Big Lots locations (40 through direct lease acquisition and 17 through other arrangements). These acquisitions represent a shift toward more aggressive expansion, with management raising their long-term growth target to "at least 10% annual unit growth" compared to previous more conservative expansion plans. The company has also focused on customer acquisition and retention through several initiatives. The launch of a co-branded Visa credit card aims to increase customer loyalty and spending, while enhanced digital marketing efforts target younger demographics aged 18-45. The Ollie's Army loyalty program has grown substantially to over 15.1 million members, now representing over 80% of sales. Leadership transition represents another significant development, with John Swygert transitioning to Executive Chairman and Eric van der Valk becoming CEO in early fiscal 2025. This change comes as the company positions itself to capitalize on what management describes as a $2.7 billion addressable market opportunity created by Big Lots' bankruptcy and other retail disruptions. The company has also invested in operational capabilities, including testing higher ratios of full-time associates in stores, implementing store remodel programs, and enhancing supply chain efficiency to support the accelerated growth strategy.
OLLI company profile · for informational purposes only — not investment advice.
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