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:   2022-06-08T23:59:59+00:00
Accession:  0001140361-22-022279
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639300/000114036122022279/0001140361-22-022279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639300/000114036122022279/brhc10038531_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-022279

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer