Ollie鈥檚 Bargain Outlet Holdings, Inc. Announces New $300 Million Share Repurchase Authorization
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) has announced a new $300 million share repurchase authorization effective through March 31, 2029. The company can execute the buyback through open market or privately negotiated transactions. Since initiating its first share buyback in 2019, Ollie's has repurchased approximately 5.5 million shares worth $414 million.
The company maintains a strong financial position with $429 million in cash and short-term investments and no borrowings under its revolving credit facility as of fiscal 2024 end. President and CEO Eric van der Valk emphasized that while accelerated growth remains the primary short-term focus, the company is committed to returning capital to investors while maintaining balance for strategic growth opportunities and working capital needs.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) ha annunciato una nuova autorizzazione al riacquisto di azioni da 300 milioni di dollari valida fino al 31 marzo 2029. L'azienda pu貌 eseguire il riacquisto attraverso transazioni sul mercato aperto o negoziate privatamente. Dall'inizio del suo primo riacquisto di azioni nel 2019, Ollie's ha riacquistato circa 5,5 milioni di azioni per un valore di 414 milioni di dollari.
L'azienda mantiene una solida posizione finanziaria con 429 milioni di dollari in contante e investimenti a breve termine e nessun prestito sotto la sua linea di credito revolving alla fine dell'anno fiscale 2024. Il presidente e CEO Eric van der Valk ha sottolineato che, mentre la crescita accelerata rimane il principale obiettivo a breve termine, l'azienda 猫 impegnata a restituire capitale agli investitori mantenendo un equilibrio per opportunit脿 di crescita strategica e necessit脿 di capitale circolante.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) ha anunciado una nueva autorizaci贸n de recompra de acciones de 300 millones de d贸lares v谩lida hasta el 31 de marzo de 2029. La empresa puede llevar a cabo la recompra a trav茅s de transacciones en el mercado abierto o negociadas de forma privada. Desde el inicio de su primera recompra de acciones en 2019, Ollie's ha recomprado aproximadamente 5.5 millones de acciones por un valor de 414 millones de d贸lares.
La empresa mantiene una s贸lida posici贸n financiera con 429 millones de d贸lares en efectivo e inversiones a corto plazo y sin pr茅stamos bajo su l铆nea de cr茅dito revolving al final del a帽o fiscal 2024. El presidente y CEO Eric van der Valk enfatiz贸 que, aunque el crecimiento acelerado sigue siendo el enfoque principal a corto plazo, la compa帽铆a est谩 comprometida a devolver capital a los inversores mientras mantiene un equilibrio para oportunidades de crecimiento estrat茅gico y necesidades de capital de trabajo.
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Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) a annonc茅 une nouvelle autorisation de rachat d'actions de 300 millions de dollars valable jusqu'au 31 mars 2029. L'entreprise peut proc茅der au rachat par le biais de transactions sur le march茅 ouvert ou n茅goci茅es en priv茅. Depuis le lancement de son premier rachat d'actions en 2019, Ollie's a rachet茅 environ 5,5 millions d'actions pour une valeur de 414 millions de dollars.
L'entreprise maintient une solide position financi猫re avec 429 millions de dollars en liquidit茅s et investissements 脿 court terme et aucun emprunt sous sa ligne de cr茅dit revolving 脿 la fin de l'exercice 2024. Le pr茅sident et PDG Eric van der Valk a soulign茅 que, bien que la croissance acc茅l茅r茅e reste l'objectif principal 脿 court terme, l'entreprise s'engage 脿 restituer du capital aux investisseurs tout en maintenant un 茅quilibre pour les opportunit茅s de croissance strat茅gique et les besoins en fonds de roulement.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) hat eine neue Aktienr眉ckkaufgenehmigung 眉ber 300 Millionen Dollar bekannt gegeben, die bis zum 31. M盲rz 2029 g眉ltig ist. Das Unternehmen kann den R眉ckkauf 眉ber den offenen Markt oder privat verhandelte Transaktionen durchf眉hren. Seit dem Beginn seines ersten Aktienr眉ckkaufs im Jahr 2019 hat Ollie's etwa 5,5 Millionen Aktien im Wert von 414 Millionen Dollar zur眉ckgekauft.
Das Unternehmen hat eine starke finanzielle Position mit 429 Millionen Dollar in bar und kurzfristigen Investitionen und keine Kredite aus seiner revolvierenden Kreditfazilit盲t zum Ende des Gesch盲ftsjahres 2024. Pr盲sident und CEO Eric van der Valk betonte, dass das beschleunigte Wachstum zwar der prim盲re kurzfristige Fokus bleibt, das Unternehmen jedoch verpflichtet ist, Kapital an die Investoren zur眉ckzugeben und gleichzeitig ein Gleichgewicht f眉r strategische Wachstumschancen und Betriebskapitalbed眉rfnisse zu wahren.
- New $300 million share repurchase authorization through 2029
- Strong cash position of $429 million with no debt under revolving credit facility
- Successful track record of share buybacks ($414 million since 2019)
- Demonstrated commitment to returning capital to shareholders while maintaining growth
- Share repurchases may limit funds available for business growth opportunities
- Buyback execution dependent on market conditions and business considerations
HARRISBURG, Pa., March 19, 2025 (GLOBE NEWSWIRE) -- Ollie鈥檚 Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the 鈥淐ompany鈥�) announced today that its Board of Directors has unanimously approved a new share repurchase authorization for the repurchase of an additional
鈥淲hile accelerated growth is our primary focus in the short term, we remain committed to returning capital to our investors through share repurchases, while balancing our strategic growth opportunities and working capital needs. Our cash generation is strong, and we continue to grow our cash balances each year. With
About Ollie鈥檚
We are America鈥檚 largest retailer of closeout merchandise and excess inventory, offering AG真人官方 Brands and AG真人官方 Bargain prices庐! We offer extreme value on brand name products in a variety of departments, including housewares, food, books and stationery, bed and bath, floor coverings, toys, health and beauty aids, and more. We currently operate 575 stores in 31 states and growing!
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Forward-Looking Statements
Statements in this press release may contain statements that constitute 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as 鈥渨ill,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥渃ould,鈥� 鈥渟hould,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥渇orecast,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥済uidance,鈥� 鈥渙utlook,鈥� 鈥渢rends,鈥� 鈥済oals鈥� and similar expressions generally identify these forward-looking statements. Forward-looking statements are based on the Company鈥檚 current expectations and assumptions regarding its business, capital market conditions, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company鈥檚 actual results may differ materially from those contemplated by the forward-looking statements. Factors or events that could cause the Company鈥檚 actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. Any forward-looking statements made by the Company in this press release speak only as of the date on which they were made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. You are advised, however, to consult any further disclosures the Company makes on related subjects in its public announcements and filings with the Securities and Exchange Commission.
Investor Contact:
John Rouleau
Managing Director 鈥� Corporate Communication & Business Development
Media Contact:
Tom Kuypers
Senior Vice President 鈥� Marketing & Advertising
FAQ
How much is Ollie's new share repurchase authorization worth and when does it expire?
How many shares has OLLI repurchased since its first buyback program in 2019?
What is Ollie's current cash position as of fiscal 2024?
How will OLLI execute the new share repurchase program?
