Latest news with #Ollie's
Yahoo
20 hours ago
- Business
- Yahoo
Ollie's says the 18 Big Lots stores it took over are 'off to a very strong start'
Ollie's Bargain Outlet says early returns have been positive after taking over 18 stores from Big Lots, which filed for bankruptcy in 2024. Between January and May, Ollie's opened 25 new stores throughout the country − a record for the Pennsylvania-based retailer. Eighteen of those stores were former Big Lots locations. Earlier this year, Ollie's acquired 40 Big Lots locations through auction, as the latter filed for Chapter 11 bankruptcy in September 2024. As of May 3, Ollie's operates 584 stores in 32 states. "These stores are off to a very strong start," Ollie's CEO Eric van der Valk said of the new stores during an earnings call on June 3. "We appear to be benefiting from the fact that these are warm boxes, with a built-in discount customer shopping base, which was our hypothesis going in." In addition to the new store openings, Ollie's experienced a 13.4% increase in sales during its first quarter, a total revenue of $576.8 million, according to a news release. With the slogan "Good Stuff Cheap," Ollie's is a discount retailer that offers closeout and excess inventory for lower prices. The retailer sells items like clothing, home goods, toys, hardware, food and books. Discount stores: Ollie's Bargain Outlet to acquire 40 store leases from struggling Big Lots To find the Ollie's nearest to you, visit the Ollie's website at Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: Ollie's takes over 18 Big Lots stores, says it's off to 'strong start' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Ollie's says the 18 Big Lots stores it took over are 'off to a very strong start'
Ollie's Bargain Outlet says early returns have been positive after taking over 18 stores from Big Lots, which filed for bankruptcy in 2024. Between January and May, Ollie's opened 25 new stores throughout the country − a record for the Pennsylvania-based retailer. Eighteen of those stores were former Big Lots locations. Earlier this year, Ollie's acquired 40 Big Lots locations through auction, as the latter filed for Chapter 11 bankruptcy in September 2024. As of May 3, Ollie's operates 584 stores in 32 states. "These stores are off to a very strong start," Ollie's CEO Eric van der Valk said of the new stores during an earnings call on June 3. "We appear to be benefiting from the fact that these are warm boxes, with a built-in discount customer shopping base, which was our hypothesis going in." In addition to the new store openings, Ollie's experienced a 13.4% increase in sales during its first quarter, a total revenue of $576.8 million, according to a news release. With the slogan "Good Stuff Cheap," Ollie's is a discount retailer that offers closeout and excess inventory for lower prices. The retailer sells items like clothing, home goods, toys, hardware, food and books. Discount stores: Ollie's Bargain Outlet to acquire 40 store leases from struggling Big Lots To find the Ollie's nearest to you, visit the Ollie's website at Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: Ollie's takes over 18 Big Lots stores, says it's off to 'strong start'
USA Today
21 hours ago
- Business
- USA Today
Ollie's says the 18 Big Lots stores it took over are 'off to a very strong start'
Ollie's says the 18 Big Lots stores it took over are 'off to a very strong start' Show Caption Hide Caption Big Lots stores set to reopen in six states A number of Big Lots stores are set to reopen on April 10 despite the company filing for bankruptcy and closing multiple locations last year. unbranded - Newsworthy Ollie's Bargain Outlet says early returns have been positive after taking over 18 stores from Big Lots, which filed for bankruptcy in 2024. Between January and May, Ollie's opened 25 new stores throughout the country − a record for the Pennsylvania-based retailer. Eighteen of those stores were former Big Lots locations. Earlier this year, Ollie's acquired 40 Big Lots locations through auction, as the latter filed for Chapter 11 bankruptcy in September 2024. As of May 3, Ollie's operates 584 stores in 32 states. "These stores are off to a very strong start," Ollie's CEO Eric van der Valk said of the new stores during an earnings call on June 3. "We appear to be benefiting from the fact that these are warm boxes, with a built-in discount customer shopping base, which was our hypothesis going in." In addition to the new store openings, Ollie's experienced a 13.4% increase in sales during its first quarter, a total revenue of $576.8 million, according to a news release. With the slogan "Good Stuff Cheap," Ollie's is a discount retailer that offers closeout and excess inventory for lower prices. The retailer sells items like clothing, home goods, toys, hardware, food and books. Discount stores: Ollie's Bargain Outlet to acquire 40 store leases from struggling Big Lots Where is the nearest Ollie's? To find the Ollie's nearest to you, visit the Ollie's website at Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@
Yahoo
03-06-2025
- Business
- Yahoo
Ollie's (NASDAQ:OLLI) Surprises With Q1 Sales
Discount retail company Ollie's Bargain Outlet (NASDAQ:OLLI) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 13.4% year on year to $576.8 million. The company expects the full year's revenue to be around $2.59 billion, close to analysts' estimates. Its non-GAAP profit of $0.75 per share was 5.8% above analysts' consensus estimates. Is now the time to buy Ollie's? Find out in our full research report. Revenue: $576.8 million vs analyst estimates of $566.2 million (13.4% year-on-year growth, 1.9% beat) Adjusted EPS: $0.75 vs analyst estimates of $0.71 (5.8% beat) Adjusted EBITDA: $72.16 million vs analyst estimates of $68.28 million (12.5% margin, 5.7% beat) The company slightly lifted its revenue guidance for the full year to $2.59 billion at the midpoint from $2.58 billion Management reiterated its full-year Adjusted EPS guidance of $3.70 at the midpoint Operating Margin: 9.7%, down from 11.1% in the same quarter last year Free Cash Flow Margin: 0.3%, down from 2.6% in the same quarter last year Locations: 584 at quarter end, up from 516 in the same quarter last year Same-Store Sales rose 2.6% year on year, in line with the same quarter last year Market Capitalization: $6.87 billion 'We had a strong first quarter, highlighted by accelerated store growth and better than expected sales and earnings,' said Eric van der Valk, President and Chief Executive Officer. Often located in suburban or semi-rural shopping centers, Ollie's Bargain Outlet (NASDAQ:OLLI) is a discount retailer that acquires excess inventory then sells at meaningful discounts. A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With $2.34 billion in revenue over the past 12 months, Ollie's is a small retailer, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with suppliers. On the bright side, it can grow faster because it has more white space to build new stores. As you can see below, Ollie's grew its sales at a decent 10.4% compounded annual growth rate over the last six years (we compare to 2019 to normalize for COVID-19 impacts) as it opened new stores and increased sales at existing, established locations. This quarter, Ollie's reported year-on-year revenue growth of 13.4%, and its $576.8 million of revenue exceeded Wall Street's estimates by 1.9%. Looking ahead, sell-side analysts expect revenue to grow 13.4% over the next 12 months, an acceleration versus the last six years. This projection is eye-popping and indicates its newer products will fuel better top-line performance. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. The number of stores a retailer operates is a critical driver of how quickly company-level sales can grow. Ollie's operated 584 locations in the latest quarter. It has opened new stores at a rapid clip over the last two years, averaging 9.2% annual growth, much faster than the broader consumer retail sector. This gives it a chance to scale into a mid-sized business over time. When a retailer opens new stores, it usually means it's investing for growth because demand is greater than supply, especially in areas where consumers may not have a store within reasonable driving distance. The change in a company's store base only tells one side of the story. The other is the performance of its existing locations and e-commerce sales, which informs management teams whether they should expand or downsize their physical footprints. Same-store sales gives us insight into this topic because it measures organic growth for a retailer's e-commerce platform and brick-and-mortar shops that have existed for at least a year. Ollie's demand has been spectacular for a retailer over the last two years. On average, the company has increased its same-store sales by an impressive 4.1% per year. This performance suggests its rollout of new stores is beneficial for shareholders. We like this backdrop because it gives Ollie's multiple ways to win: revenue growth can come from new stores, e-commerce, or increased foot traffic and higher sales per customer at existing locations. In the latest quarter, Ollie's same-store sales rose 2.6% year on year. This growth was a deceleration from its historical levels, showing the business is still performing well but losing a bit of steam. We enjoyed seeing Ollie's beat analysts' revenue, EPS, and EBITDA expectations this quarter. We were also happy it raise its full-year revenue guidance. On the other hand, its full-year EPS guidance slightly missed. Overall, this print had some key positives. Investors were likely hoping for more, and shares traded down 2.9% to $108.73 immediately after reporting. Is Ollie's an attractive investment opportunity right now? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Yahoo
13-05-2025
- Business
- Yahoo
‘Semi-lovely' retailer Ollie's filling Big Lots spots
SPRINGFIELD, MO – A discount retailer is moving into some vacant stores formerly occupied by a now-bankrupt store chain. Closeout merchandiser Ollie's Bargain Outlet plans to take over at least two former Big Lots locations in the area, including Springfield and Lebanon. The storefronts became empty last year following Big Lots' bankruptcy and liquidation. On its website, the Pennsylvania-based company explains it is the country's 'largest retailer of closeout merchandise and excess inventory, adding, 'Our 574+ 'semi-lovely' stores sell merchandise of all descriptions and some beyond description. You'll find real brands at real bargain prices in every department, from housewares and flooring to food, cookware, toys & games, electronics & more.' According to City of Springfield building permit filings, Ollie's is proposing a store at 303 E Battlefield Road (J) near Food 4 Less. In addition, the company's website lists a new store coming to 1707 Southdale Ave. in Lebanon. No opening date is listed. Ollie's first location in southwest Missouri opened last April in Joplin at 1329 S. Rangeline Road in the former Slumberland location. The company operates ten other stores across Missouri, including the Kansas City and St. Louis metro areas. Springfield's second vacant Big Lots store, located on North Kansas Expressway, remains vacant and is not listed in records for a proposed Ollie's location. Ozarks First has reached out to Ollie's corporate office for more details about the new stores. We're still waiting to hear back. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
