secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ollie's Bargain Outlet Holdings, Inc. (OLLI)
CIK:        0001639300
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0001140361-22-031854
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ollie's Q2: net income $14.1M ($0.22/sh) vs $34.3M; gross margin down 750 bps
-----------------------------------------------------------------------------

- Net sales $452.5M (+8.8% YoY); comparable store sales +1.2%.
- Gross margin 31.7% (down from 39.2%) on higher supply chain costs and lower merch margin.
- Operating income $16.5M, down 63.8%; operating margin 3.7% vs 11.0%.
- FY2022 guidance: net sales $1.843-1.861B, comp sales -2.5% to -1.5%.
- Q3 comp sales expected +3.5% to +5.5%; repurchased $10M stock in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639300/000114036122031854/0001140361-22-031854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639300/000114036122031854/brhc10041502_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-031854

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