Ollie's Bargain Outlet Holdings, Inc. (OLLI) SEC Filings & Earnings Calls

Buyback program may be suspended or discontinued at any time; no commitment to repurchase specific number of shares.

“Company may suspend or discontinue program at any time without prior announcement.”

Comparable store sales decline

“Comparable store sales decreased 1.8% in the second quarter of fiscal 2026 compared with a 5.0% increase in the second quarter of fiscal 2025.” · word for word

SG&A deleverage from fixed costs

“The increase in SG&A as a percentage of net sales was primarily driven by the deleveraging of fixed costs from the decline in comparable store sales and higher marketing expense due to the timing shift of one merchandise flyer.” · word for word

Tariff refund non-recurrence

“The increase in gross margin was driven by lower supply chain costs, primarily from IEEPA tariff refunds received and lower tariff rates incurred in the period.” · word for word

Comparable store sales decline of 1.8% indicates consumer spending pressure and promotional headwinds

“Comparable store sales declined 1.8% against a challenging multi-year stack... negatively impacted by... continued economic pressure on the consumer, and an elevated promotional environment” · word for word

Gross margin benefit from IEEPA tariff refunds is non-recurring; underlying margin may be lower

“IEEPA tariff refunds benefited gross margin by 380 basis points in this year’s second quarter” · word for word

Consumer backdrop remains challenging; potential tariff impact not assumed in guidance.

“These metrics do not assume any impact from IEEPA tariff refunds.” · word for word

Tariff uncertainty

“As of May 2, 2026, we had not recognized the effect of any potential tariff refunds, as the timing and amount of any potential refunds for previously collected tariffs remains uncertain and may be subject to further legal and regulatory developments.” · word for word

Store opening delays

“We have experienced, and may continue to experience, delays in construction and permitting of new stores and other projects.” · word for word

Key Personnel Departure

“Mr. McLain will retire from the Company effective May 1, 2026... Mr. Comitale has resigned from the Company, with his resignation being effective May 1, 2026.” · word for word

Generic Risk Factors

“Please refer to 'Cautionary Note Regarding Forward-Looking Statements' and Item 1A. Risk Factors in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026.” · word for word

Brick-and-Mortar Only Risk

“risks associated with our status as a 'brick and mortar only' retailer and our lack of operations in the growing online retail marketplace” · word for word

Tariff and Trade Policy Risk

“potential increases in tariffs and trade sanctions on imported goods, as well as international trade disputes” · word for word

Inventory Management Risk

“our failure to adequately procure and manage our inventory, anticipate consumer demand, or achieve favorable product margins” · word for word

Low risk; planned succession with internal promotion.

“Succession planning in place; internal candidate with decade of experience.”

Guidance implies modest comp deceleration; gross margin expansion dependent on pricing and cost control.

“FY2026 comp guidance ~2% vs Q4 3.6%; gross margin guidance ~40.5% vs Q4 39.9%.”

Tariff cost pressure on gross margin; supply chain costs increased

“Gross margin decreased 10 bps driven by higher supply chain costs, primarily incremental tariff expenses”

Dark rent expense from acquired Big Lots locations

“Pre-opening expenses include $1.0 million of dark rent expense associated with former Big Lots locations acquired through bankruptcy auction”

Tariff cost pressure on gross margin

“The decrease in gross margin was primarily driven by higher supply chain costs, including incremental tariff expenses, partially offset by higher merchandise margins.” · word for word

Consumer spending sensitivity to macro conditions

“Our customers’ discretionary income is primarily impacted by gas prices, wages, rising interest rates, inflation, and consumer trends and preferences, which fluctuate depending on the environment.” · word for word