---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-022279"
form_type: "8-K"
ticker: "OLLI"
cik: "0001639300"
company_name: "Ollie's Bargain Outlet Holdings, Inc."
filed_at: "2022-06-08T23:59:59+00:00"
generated_at: "2026-06-25T03:33:02.384361+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-22-022279
- form_type: 8-K
- ticker: OLLI
- cik: 0001639300
- company_name: Ollie's Bargain Outlet Holdings, Inc.
- filed_at: 2022-06-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639300/000114036122022279/0001140361-22-022279-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639300/000114036122022279/brhc10038531_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-022279
- JSON: https://secwatch.observer/filing/0001140361-22-022279.json
- Plain text: https://secwatch.observer/filing/0001140361-22-022279.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036122022279/0001140361-22-022279-index.htm
- Executive change
  John Swygert was appointed as Interim Chief Financial Officer at Ollie's Bargain Outlet Holdings, Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036122022279/0001140361-22-022279-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.