secwatch.observer — SEC 8-K summary
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Issuer:     Ollie's Bargain Outlet Holdings, Inc. (OLLI)
CIK:        0001639300
Form:       8-K
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0001140361-22-010738
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ollie's Q4 adjusted EPS $0.69 beats expectations; revenue down 2.8%; FY2022 guidance issued
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- Q4 net sales $501.1M (-2.8% YoY); comparable store sales -10.5%; adjusted EPS $0.69 vs $0.97 prior year.
- FY2021 net sales $1.753B (-3.1%); adjusted EPS $2.36 vs $3.16; operating income $204.2M (-26.4%).
- FY2022 guidance: net sales $1.908B-$1.926B; adjusted EPS $2.15-$2.22; comp sales flat to +1.0%.
- Inventory up 32.1% to $467.3M; $220M spent on share repurchases in FY2021.
- First-ever store remodel program announced; 46-48 new stores planned for FY2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639300/000114036122010738/0001140361-22-010738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639300/000114036122010738/brhc10035578_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-010738

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