$OLLI

Ollie's Bargain Outlet Holdings, Inc.

CIK:0001639300|SEC Filings

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Condensed Consolidated Statements of Income [Abstract]
Net sales	$ 741,305	$ 679,556	$ 1,400,233	$ 1,256,323
Cost of sales	419,140	408,218	802,104	747,954
Gross profit	322,165	271,338	598,129	508,369
Selling, general, and administrative expenses	197,213	175,476	385,895	340,308
Depreciation and amortization expenses	11,274	9,916	22,557	19,273
Pre-opening expenses	5,203	8,972	11,645	15,628
Operating income	108,475	76,974	178,032	133,160
Interest income, net	(6,142)	(4,534)	(11,108)	(9,322)
Income before income taxes	114,617	81,508	189,140	142,482
Income tax expense	29,163	20,198	47,286	33,612
Net income	$ 85,454	$ 61,310	$ 141,854	$ 108,870
Earnings per common share:
Basic (in Dollars per share)	$ 1.42	$ 1	$ 2.35	$ 1.77
Diluted (in Dollars per share)	$ 1.42	$ 0.99	$ 2.34	$ 1.76
Weighted average common shares outstanding:
Basic (in Shares)	60,097	61,340	60,490	61,342
Diluted (in Shares)	60,236	61,796	60,713	61,806

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Cash Flows from Operating Activities:
Net income	$ 141,854	$ 108,870
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	29,826	26,261
Amortization of debt issuance costs	26	26
Gain on sale of assets	(191)	(102)
Deferred income tax provision	4,809	4,516
Stock-based compensation expense	7,129	6,524
Other	(908)	(597)
Changes in operating assets and liabilities:
Inventories	(54,173)	(84,694)
Accounts receivable	(3,996)	542
Prepaid expenses and other assets	(2,932)	(1,519)
Accounts payable	21,679	36,511
Income taxes payable	(4,068)	(1,578)
Accrued expenses and other liabilities	14,570	14,654
Net cash provided by operating activities	153,625	109,414
Cash Flows from Investing Activities:
Capital expenditures	(68,783)	(53,156)
Proceeds from sale of property and equipment	466	102
Purchases of investments	(161,424)	(232,148)
Maturities of investments	79,085	227,192
Net cash used in investing activities	(150,656)	(58,010)
Cash Flows from Financing Activities:
Repayments on finance leases	(424)	(570)
Proceeds from stock option exercises	748	9,336
Common shares withheld for taxes	(4,878)	(5,507)
Payment for shares repurchased	(137,330)	(28,623)
Net cash used in financing activities	(141,884)	(25,364)
Net increase (decrease) in cash and cash equivalents	(138,915)	26,040
Cash and cash equivalents, beginning of the period	259,680	205,123
Cash and cash equivalents, end of the period	120,765	231,163
Cash paid during the period for:
Interest	244	248
Income taxes	46,546	30,674
Non-cash investing activities:
Accrued purchases of property and equipment	$ 9,216	$ 10,999

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash and cash equivalents	$ 120,765	$ 259,680	$ 231,163
Short-term investments	66,737	36,628	85,893
Inventories	704,433	650,260	637,236
Accounts receivable	7,801	3,805	1,810
Prepaid expenses and other assets	17,187	13,692	11,716
Total current assets	916,923	964,065	967,818
Property and equipment, net of accumulated depreciation of $297,207, $271,267 and $252,468, respectively	419,234	382,242	360,836
Operating lease right-of-use assets	694,113	663,848	652,341
Goodwill	444,850	444,850	444,850
Trade name	230,559	230,559	230,559
Long-term investments	319,592	266,455	143,206
Other assets	2,325	2,934	2,242
Total assets	3,027,596	2,954,953	2,801,852
Current liabilities:
Current portion of long-term debt	809	569	518
Accounts payable	190,207	169,345	165,629
Income taxes payable	5,755	9,823	129
Current portion of operating lease liabilities	99,157	108,854	103,122
Accrued expenses and other	115,656	111,857	98,968
Total current liabilities	411,584	400,448	368,366
Long-term debt	1,420	974	912
Deferred income taxes	94,733	89,924	85,640
Long-term operating lease liabilities	624,260	575,531	561,024
Total liabilities	1,131,997	1,066,877	1,015,942
Stockholders' equity:
Preferred stock - 50,000 shares authorized at $0.001 par value; no shares issued	0	0	0
Common stock - 500,000 shares authorized at $0.001 par value; 67,948, 67,840 and 67,700 shares issued, respectively	68	68	68
Additional paid-in capital	764,299	761,300	745,636
Retained earnings	1,750,163	1,608,309	1,476,583
Treasury - common stock, at cost; 8,399, 6,750 and 6,371 shares, respectively	(618,931)	(481,601)	(436,377)
Total stockholders' equity	1,895,599	1,888,076	1,785,910
Total liabilities and stockholders' equity	$ 3,027,596	$ 2,954,953	$ 2,801,852