---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-028942"
form_type: "8-K"
ticker: "OLLI"
cik: "0001639300"
company_name: "Ollie's Bargain Outlet Holdings, Inc."
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:16:58.726822+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ollie's Q1 beats: EPS $0.75 (+50%), comps +3.0%; raises FY guidance; leadership succession

## Summary
- Q1 net sales $508.8M (+10.8% YoY); comp store sales +3.0%; diluted EPS $0.75 (+50% YoY); adjusted EPS $0.73 (+49%).
- Gross margin expanded 220bps to 41.1%; operating margin 11.1% (+270bps); adjusted EBITDA $69.4M (+40.3%).
- Guidance raised: FY sales $2.257-$2.277B, comps +1.5%-2.3%, adjusted EPS $3.18-$3.28.
- Acquired 11 former 99 Cents Only Stores locations for $14.6M; funded with cash, closing early June.
- Leadership succession: Swygert to Exec Chairman early 2025; van der Valk to President/CEO; Zender hired as COO.

## SEC filing metadata
- accession: 0001140361-24-028942
- form_type: 8-K
- ticker: OLLI
- cik: 0001639300
- company_name: Ollie's Bargain Outlet Holdings, Inc.
- filed_at: 2024-06-05T23:59:59+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/1639300/000114036124028942/0001140361-24-028942-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639300/000114036124028942/ef20030612_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-028942
- JSON: https://secwatch.observer/filing/0001140361-24-028942.json
- Plain text: https://secwatch.observer/filing/0001140361-24-028942.txt

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