Ollie's Bargain Outlet Holdings, Inc. Files 2024 10-K Report

TL;DR

<b>Ollie's Bargain Outlet Holdings, Inc. has submitted its 2024 10-K filing detailing its fiscal year 2023 performance and operations.</b>

AI Summary

Ollie's Bargain Outlet Holdings, Inc. (OLLI) filed a Annual Report (10-K) with the SEC on March 27, 2024. Ollie's Bargain Outlet Holdings, Inc. filed its annual 10-K report for the fiscal year ending February 3, 2024. The company's principal business address is 6295 Allentown Boulevard, Suite 1, Harrisburg, PA 17112. The filing covers the fiscal year 2023, ending on February 3, 2024. Ollie's Bargain Outlet Holdings, Inc. is classified under Standard Industrial Classification code 5331 (Retail - Variety Stores). The company was incorporated in Delaware.

Why It Matters

For investors and stakeholders tracking Ollie's Bargain Outlet Holdings, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Ollie's financial health, operational strategies, and risk factors for the fiscal year 2023, which is crucial for investors to assess the company's performance and future outlook. Understanding the company's business classification (SIC 5331) and its operational base in Harrisburg, PA, helps contextualize its market position and strategic decisions within the variety store retail sector.

Risk Assessment

Risk Level: low — Ollie's Bargain Outlet Holdings, Inc. shows low risk based on this filing. The filing is a standard 10-K, which is a routine annual disclosure for publicly traded companies, indicating no immediate or unusual risks are highlighted in the header information.

Analyst Insight

Review the full 10-K filing to analyze Ollie's financial performance, strategic initiatives, and risk factors for fiscal year 2023.

Key Numbers

• 2024-02-03 — Fiscal Year End (Fiscal year end date)
• 2024-03-27 — Filing Date (Date the 10-K was filed)
• 2023 — Reporting Period (Conformed period of report)
• 5331 — SIC Code (Standard Industrial Classification code for Variety Stores)

Key Players & Entities

• Ollie's Bargain Outlet Holdings, Inc. (company) — Filer name
• Harrisburg, PA (location) — Business address city and state
• 6295 Allentown Boulevard, Suite 1 (address) — Business street address
• 17112 (postal_code) — Business address zip code
• 717 657-2300 (phone_number) — Business phone number
• DE (state) — State of incorporation
• 5331 (sic_code) — Standard Industrial Classification code
• 001-37501 (sec_file_number) — SEC file number

FAQ

Key Dates

• 2024-02-03: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-27: Filing Date — Date the 10-K was officially submitted to the SEC.

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value OLLI The NASDAQ Stock Mar
• $1.408 billion — per year; and Net sales increased from $1.408 billion to $2.103 billion, a CAGR of 10.5%. (1
• $2.103 b — sales increased from $1.408 billion to $2.103 billion, a CAGR of 10.5%. (1) 2023 consi

Filing Documents

• ef20015294_10k.htm (10-K) — 2051KB
• ef20015294_ex21-1.htm (EX-21.1) — 4KB
• ef20015294_ex23-1.htm (EX-23.1) — 3KB
• ef20015294_ex31-1.htm (EX-31.1) — 12KB
• ef20015294_ex31-2.htm (EX-31.2) — 12KB
• ef20015294_ex32-1.htm (EX-32.1) — 5KB
• ef20015294_ex32-2.htm (EX-32.2) — 5KB
• ef20015294_ex97.htm (EX-97) — 27KB
• image01.jpg (GRAPHIC) — 77KB
• image02.jpg (GRAPHIC) — 168KB
• image03.jpg (GRAPHIC) — 46KB
• 0001140361-24-015681.txt (&nbsp;) — 10112KB
• olli-20240203.xsd (EX-101.SCH) — 49KB
• olli-20240203_cal.xml (EX-101.CAL) — 76KB
• olli-20240203_def.xml (EX-101.DEF) — 238KB
• olli-20240203_lab.xml (EX-101.LAB) — 821KB
• olli-20240203_pre.xml (EX-101.PRE) — 455KB
• ef20015294_10k_htm.xml (XML) — 1637KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 13 Item 1B. Unresolved Staff Comments 32 Item 1C. Cybersecurity 32 Item 2.

Properties

Properties 35 Item 3.

Legal Proceedings

Legal Proceedings 35 Item 4. Mine Safety Disclosures 35 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 36 Item 6. [Reserved] 38 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 38 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 51 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 52 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 78 Item 9A.

Controls and Procedures

Controls and Procedures 78 Item 9B. Other Information 80 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 80 PART III Item 10. Directors, Executive Officers and Corporate Governance 80 Item 11.

Executive Compensation

Executive Compensation 80 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 80 Item 13. Certain Relationships and Related Transactions, and Director Independence 80 Item 14. Principal Accountant Fees and Services 80 PART IV Item 15. Exhibits and Financial Statement Schedules 81 Item 16. Form 10-K Summary 84 Index Cautionary note regarding forward-looking statements This Annual Report on Form 10-K contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "could," "may," "might," "will," "likely," "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "continues," "projects" and similar references to future periods, prospects, financial performance and industry outlook. Examples of forward-looking statements include, but are not limited to, statements we make regarding the outlook for our future business and financial performance, such as those contained in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations," included elsewhere in this Annual Report on Form 10-K. Forward-looking statements are based on our current expectations and assumptions regarding our 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, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, including, but not limited to, supply chain developments, legislation, national trade pol