{"id":827406,"date":"2025-03-19T07:48:25","date_gmt":"2025-03-19T11:48:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ollies-bargain-outlet-holdings-inc-announces-new-300-million-share-repurchase-authorization\/"},"modified":"2025-03-19T07:48:25","modified_gmt":"2025-03-19T11:48:25","slug":"ollies-bargain-outlet-holdings-inc-announces-new-300-million-share-repurchase-authorization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ollies-bargain-outlet-holdings-inc-announces-new-300-million-share-repurchase-authorization\/","title":{"rendered":"Ollie\u2019s Bargain Outlet Holdings, Inc. Announces New $300 Million Share Repurchase Authorization"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HARRISBURG, Pa., March  19, 2025  (GLOBE NEWSWIRE) &#8212; Ollie\u2019s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the \u201cCompany\u201d) announced today that its Board of Directors has unanimously approved a new share repurchase authorization for the repurchase of an additional $300 million of the Company\u2019s outstanding common stock. This new authorization is effective through March 31, 2029. The Company may repurchase the shares in open market transactions, privately negotiated transactions, or a combination of the foregoing. Share repurchase decisions are at the Company\u2019s discretion based on market conditions, business considerations and other factors. Since Ollie\u2019s enacted its first share buyback in 2019, the Company has bought back nearly $414 million, or 5.5 million shares, of its common stock.<\/p>\n<p align=\"justify\">\u201cWhile 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 $429 million of cash and short-term investments and no borrowings under our revolving credit facility at the end of fiscal 2024, we have the ability to fund accelerated growth, return capital to shareholders, and pursue unique opportunities as they arise,\u201d said Eric van der Valk, President and Chief Executive Officer.<\/p>\n<p align=\"justify\">\n        <strong>About Ollie\u2019s<\/strong><br \/>\n        <br \/>We are America\u2019s largest retailer of closeout merchandise and excess inventory, offering Real Brands and Real Bargain prices\u00ae! 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! <br \/>For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1woIIeoAeRMgQPoG7-3RYcVrn3tPzxtPttmwRSsK4VfWtzU9SQG2iibhuXJPhd3y3xHFy4YKSzA6INyNxg4shA==\" rel=\"nofollow\" target=\"_blank\">www.ollies.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<br \/><\/strong>Statements in this press release may contain statements that constitute \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cguidance,\u201d \u201coutlook,\u201d \u201ctrends,\u201d \u201cgoals\u201d and similar expressions generally identify these forward-looking statements. Forward-looking statements are based on the Company\u2019s 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\u2019s actual results may differ materially from those contemplated by the forward-looking statements. Factors or events that could cause the Company\u2019s 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.<\/p>\n<p>\n        <strong>Investor Contact:<\/strong><br \/>\n        <br \/>John Rouleau<br \/>Managing Director \u2013 Corporate Communication &amp; Business Development<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4KinYMkrty6r_4z2tzEuh2XTCjN7wCi0_0rLfKK84dJf2UwK1ucUsX8YIuF84mRrOnTkHLDAa0A5JkfX9vbZD98Iz2f376h3U79Hf27CGOA=\" rel=\"nofollow\" target=\"_blank\">JRouleau@ollies.us<\/a><\/p>\n<p>\n        <strong>Media Contact:<\/strong><br \/>\n        <br \/>Tom Kuypers<br \/>Senior Vice President \u2013 Marketing &amp; Advertising<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QMxL-TfbIhBVWM9SOGcZNmrjSazLyvuXGzCHt-M2u273hCTMBNEeNvZgG6qOHt4cOo0hlGDz9Qqi1h63EeFLmrSNJanpoe8x14CC3r8wn4o=\" rel=\"nofollow\" target=\"_blank\">tkuypers@ollies.us<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5Njc3NCM2ODEyNzMyIzIwMTg4MDg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZGViMjk2NjEtYzRlZi00MTBjLWE4ZWItYTI3NTQ2YjAwOTJiLTEwMzAzODEtMjAyNS0wMy0xOS1lbg==\/tiny\/Ollie-s-Bargain-Outlet-Holding.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HARRISBURG, Pa., March 19, 2025 (GLOBE NEWSWIRE) &#8212; Ollie\u2019s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the \u201cCompany\u201d) announced today that its Board of Directors has unanimously approved a new share repurchase authorization for the repurchase of an additional $300 million of the Company\u2019s outstanding common stock. This new authorization is effective through March 31, 2029. The Company may repurchase the shares in open market transactions, privately negotiated transactions, or a combination of the foregoing. Share repurchase decisions are at the Company\u2019s discretion based on market conditions, business considerations and other factors. Since Ollie\u2019s enacted its first share buyback in 2019, the Company has bought back nearly $414 million, or 5.5 million shares, of its common stock. \u201cWhile accelerated growth is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ollies-bargain-outlet-holdings-inc-announces-new-300-million-share-repurchase-authorization\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ollie\u2019s Bargain Outlet Holdings, Inc. Announces New $300 Million Share Repurchase Authorization&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-827406","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ollie\u2019s Bargain Outlet Holdings, Inc. Announces New $300 Million Share Repurchase Authorization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ollies-bargain-outlet-holdings-inc-announces-new-300-million-share-repurchase-authorization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ollie\u2019s Bargain Outlet Holdings, Inc. Announces New $300 Million Share Repurchase Authorization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HARRISBURG, Pa., March 19, 2025 (GLOBE NEWSWIRE) &#8212; Ollie\u2019s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the \u201cCompany\u201d) announced today that its Board of Directors has unanimously approved a new share repurchase authorization for the repurchase of an additional $300 million of the Company\u2019s outstanding common stock. This new authorization is effective through March 31, 2029. The Company may repurchase the shares in open market transactions, privately negotiated transactions, or a combination of the foregoing. Share repurchase decisions are at the Company\u2019s discretion based on market conditions, business considerations and other factors. Since Ollie\u2019s enacted its first share buyback in 2019, the Company has bought back nearly $414 million, or 5.5 million shares, of its common stock. \u201cWhile accelerated growth is &hellip; Continue reading &quot;Ollie\u2019s Bargain Outlet Holdings, Inc. 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The Company may repurchase the shares in open market transactions, privately negotiated transactions, or a combination of the foregoing. Share repurchase decisions are at the Company\u2019s discretion based on market conditions, business considerations and other factors. Since Ollie\u2019s enacted its first share buyback in 2019, the Company has bought back nearly $414 million, or 5.5 million shares, of its common stock. \u201cWhile accelerated growth is &hellip; Continue reading \"Ollie\u2019s Bargain Outlet Holdings, Inc. 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