---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-012944"
form_type: "8-K"
ticker: "OLLI"
cik: "0001639300"
company_name: "Ollie's Bargain Outlet Holdings, Inc."
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:20:43.294918+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ollie's Q4 net sales up 9.7%, comp +3.0%; EPS $0.85; initiates FY23 guidance

## Summary
- Q4 net sales $549.8M (+9.7% YoY); comparable store sales +3.0% vs -10.5% prior year.
- Q4 diluted EPS $0.85 (+19.7% YoY); adjusted EPS $0.84 (+21.7% YoY).
- Gross margin expanded 110 bps to 37.6% on lower supply chain costs.
- FY23 guidance: net sales $2.036-2.058B, comp +1-2%, adj. EPS $2.49-2.58, 45 new stores.
- FY22 ended with $270.8M cash, $41.8M in share repurchases, no debt drawn on revolver.

## SEC filing metadata
- accession: 0001140361-23-012944
- form_type: 8-K
- ticker: OLLI
- cik: 0001639300
- company_name: Ollie's Bargain Outlet Holdings, Inc.
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639300/000114036123012944/0001140361-23-012944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639300/000114036123012944/brhc10050096_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-012944
- JSON: https://secwatch.observer/filing/0001140361-23-012944.json
- Plain text: https://secwatch.observer/filing/0001140361-23-012944.txt

## Key facts
- Earnings Releases
  Ollie's Bargain Outlet Holdings, Inc. reported fourth quarter of fiscal 2022 results: revenue $549.8 million, net income $53.1 million, EPS $0.85 per diluted share.
  - Period: fourth quarter of fiscal 2022
  - Revenue: $549.8 million
  - Net income: $53.1 million
  - EPS: $0.85 per diluted share
  - Result: reported results
  source text: Fourth Quarter Summary: • Total net sales increased 9.7% to $549.8 million. • Comparable store sales increased 3.0% from the prior year decrease of 10.5%. • The Company opened 5 new stores, ending the quarter with 468 stores in 29 states, a year-over-year increase in store count of 8.6%. • Operating income increased 17.8% to $67.7 million. Adjusted operating income (1) increased 16.5% to $66.8 million and adjusted operating margin (1) increased 70 basis points to 12.1%. • Net income totaled $53.1 million, or $0.85 per diluted share, as compared with net income of $44.7 million, or $0.71 per diluted share, in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036123012944/0001140361-23-012944-index.htm
- Earnings Releases
  Ollie's Bargain Outlet Holdings, Inc. reported fiscal year ended January 28, 2023 results: revenue $1.827 billion, net income $102.8 million, EPS $1.64 per diluted share.
  - Period: fiscal year ended January 28, 2023
  - Revenue: $1.827 billion
  - Net income: $102.8 million
  - EPS: $1.64 per diluted share
  - Result: reported results
  source text: Fiscal Year Summary: • Total net sales increased 4.2% to $1.827 billion. • Comparable store sales decreased 3.0% from the prior year decrease of 11.1%. • The Company opened 40 new stores and closed 3 stores in fiscal 2022. • Operating income decreased 36.0% to $130.9 million. Adjusted operating income (1) decreased 36.3% to $130.0 million and adjusted operating margin (1) decreased 450 basis points to 7.1%. • Net income totaled $102.8 million, or $1.64 per diluted share, as compared with net income of $157.5 million, or $2.43 per diluted share, in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036123012944/0001140361-23-012944-index.htm

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