---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-041908"
form_type: "8-K"
ticker: "OLLI"
cik: "0001639300"
company_name: "Ollie's Bargain Outlet Holdings, Inc."
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:16:05.751996+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ollie's Bargain Outlet Q2 net sales +13.7%, comp store sales +7.9%, EPS $0.68 vs $0.22, raises FY outlook

## Summary
- Net sales $514.5M (+13.7% YoY); comp store sales +7.9% vs +1.2% prior year.
- GAAP EPS $0.68 (+209% YoY); adjusted EPS $0.67 (+205%); operating margin 10.2% vs 3.7%.
- Gross margin expanded 650 bps to 38.2% on favorable supply chain costs and higher merchandise margins.
- Raised FY2023 net sales guidance to $2.076-2.091B; comp sales +4-4.5%; adjusted EPS $2.65-2.74.
- Ended quarter with $310M cash, no borrowings, and repurchased $16.7M in stock.

## SEC filing metadata
- accession: 0001140361-23-041908
- form_type: 8-K
- ticker: OLLI
- cik: 0001639300
- company_name: Ollie's Bargain Outlet Holdings, Inc.
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639300/000114036123041908/0001140361-23-041908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639300/000114036123041908/brhc20058245_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-041908
- JSON: https://secwatch.observer/filing/0001140361-23-041908.json
- Plain text: https://secwatch.observer/filing/0001140361-23-041908.txt

## Key facts
- Earnings Releases
  Ollie's Bargain Outlet Holdings, Inc. reported the second quarter ended July 29, 2023 results: revenue $514.5 million, net income $42.2 million, or $0.68 per diluted share, EPS $0.68 per diluted share. Guidance raised.
  - Period: the second quarter ended July 29, 2023
  - Revenue: $514.5 million
  - Net income: $42.2 million, or $0.68 per diluted share
  - EPS: $0.68 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the second quarter ended July 29, 2023. Second Quarter Summary: • Total net sales increased 13.7% to $514.5 million. • Comparable store sales increased 7.9% from the prior year increase of 1.2%. • The Company opened six new stores, ending the quarter with 482 stores in 29 states, a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036123041908/0001140361-23-041908-index.htm

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