---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-028653"
form_type: "8-K"
ticker: "OLLI"
cik: "0001639300"
company_name: "Ollie's Bargain Outlet Holdings, Inc."
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:53:09.478311+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ollie's Q1 net sales +12.9% to $459.2M, comps +4.5%, EPS $0.50; raises FY guidance

## Summary
- Comparable store sales +4.5% (prior year -17.3%); net sales $459.2M up from $406.7M.
- GAAP diluted EPS $0.50 vs $0.20 YoY; adjusted diluted EPS $0.49 vs $0.20.
- Gross margin expanded 410 bps to 38.9% on lower supply chain costs.
- FY 2023 outlook raised: net sales $2.052-$2.067B, comps +2.0%-2.8%, adj. EPS $2.56-$2.65.
- Repurchased 215,522 shares for $12.3M; opened 9 new stores, ended with 476.

## SEC filing metadata
- accession: 0001140361-23-028653
- form_type: 8-K
- ticker: OLLI
- cik: 0001639300
- company_name: Ollie's Bargain Outlet Holdings, Inc.
- filed_at: 2023-06-07T23:59:59+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/1639300/000114036123028653/0001140361-23-028653-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639300/000114036123028653/brhc20054117_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-028653
- JSON: https://secwatch.observer/filing/0001140361-23-028653.json
- Plain text: https://secwatch.observer/filing/0001140361-23-028653.txt

## Key facts
- Earnings Releases
  Ollie's Bargain Outlet Holdings, Inc. reported the quarter ended April 29, 2023 results: revenue $459.2 million, net income $31.0 million, EPS $0.50 per diluted share.
  - Period: the quarter ended April 29, 2023
  - Revenue: $459.2 million
  - Net income: $31.0 million
  - EPS: $0.50 per diluted share
  - Result: reported results
  source text: Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the quarter ended April 29, 2023. First Quarter Summary: • Total net sales increased 12.9% to $459.2 million. • Comparable store sales increased 4.5% from the prior year decrease of 17.3%. • The Company opened 9 new stores and closed one store, ending the quarter with 476 stores in 29
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036123028653/0001140361-23-028653-index.htm
- Earnings Releases
  Ollie's Bargain Outlet Holdings, Inc. updated its the 53-week fiscal year ending February 3, 2024 guidance (raised).
  - Period: the 53-week fiscal year ending February 3, 2024
  - Guidance: raised
  - Result: guidance update
  source text: The Company is raising its sales and earnings outlook for the 53-week fiscal year ending February 3, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036123028653/0001140361-23-028653-index.htm

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