Ollie's Bargain Outlet authorizes new $500M share repurchase program

Ollie's Bargain Outlet Holdings, Inc.

Board unanimously approved $500M buyback; combined with the existing authorization, total repurchase capacity is about $561M.
New authorization has no expiration date and may be executed via open market purchases, privately negotiated deals, or Rule 10b5-1 plans.
CEO Eric van der Valk cited confidence in cash flow generation, financial position, and long-term growth opportunity.
Since initiating buybacks in 2019, Ollie's has returned roughly $679M to shareholders while funding new stores and supply chain capacity.
Program may be suspended, modified, or discontinued at any time and obligates no repurchases.

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