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:   2023-06-07T23:59:59+00:00
Accession:  0001140361-23-028653
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639300/000114036123028653/0001140361-23-028653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639300/000114036123028653/brhc20054117_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-028653

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