Ollie's Q1 sales down 10%, comps -17.3%; CFO Stasz resigns, CEO Swygert interim CFO

Ollie's Bargain Outlet Holdings, Inc.

2022-Q1 EPS reported $0.20 revenue$406,666,000

Net sales $406.7M (-10.1% YoY); comp store sales -17.3% (prior year +18.8%).
Diluted EPS $0.20 vs $0.84 last year; adjusted EPS $0.20 vs $0.80.
CFO Jay Stasz resigns effective June 30; CEO John Swygert named interim CFO.
FY2022 guidance: net sales $1.87B-$1.90B, comps -2% to flat; Q2 comps flat to +3%.
Opened 9 stores, ending with 439 stores; inventory up 45.6% to $517M.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jay Stasz

Senior Vice President and Chief Financial Officer

OLLI · Ollie's Bargain Outlet Holdings, Inc.

Effective: 2022-06-30
Successor: John Swygert
Filed: June 8, 2022, 7:59 PM ET

On June 6, 2022, Jay Stasz, the Company’s Senior Vice President and Chief Financial Officer (“CFO”), notified the Company that he intends to resign effective June 30, 2022 (the “resignation date”) to pursue another opportunity.

Role change (interim)

John Swygert

Interim Chief Financial Officer

OLLI · Ollie's Bargain Outlet Holdings, Inc.

Effective: 2022-06-30
Filed: June 8, 2022, 7:59 PM ET

On June 8, 2022, the Company announced that John Swygert, 53, the Company’s President and Chief Executive Officer (“CEO”), will assume the additional role of Interim CFO effective June 30, 2022 until the position, which is the subject of a nationwide search, is permanently filled.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay Stasz resigned as Senior Vice President and Chief Financial Officer at Ollie's Bargain Outlet Holdings, Inc..

Action: resigned
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On June 6, 2022, Jay Stasz, the Company’s Senior Vice President and Chief Financial Officer (“CFO”), notified the Company that he intends to resign effective June 30, 2022 (the “resignation date”) to pursue another opportunity.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Swygert was appointed as Interim Chief Financial Officer at Ollie's Bargain Outlet Holdings, Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On June 8, 2022, the Company announced that John Swygert, 53, the Company’s President and Chief Executive Officer (“CEO”), will assume the additional role of Interim CFO effective June 30, 2022 until the position, which is the subject of a nationwide search, is permanently filled.

View on SEC.gov

Ollie's Bargain Outlet Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-22-022279

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