Ollie's Bargain Outlet Files 10-Q
Ticker: OLLI · Form: 10-Q · Filed: 2024-08-29T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, retail
TL;DR
Ollie's 10-Q is in, check the numbers for Q2.
AI Summary
Ollie's Bargain Outlet Holdings, Inc. filed its 10-Q for the period ending August 3, 2024. The company reported financial results and provided updates on its business operations. Specific financial figures and operational details are available within the full filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Ollie's Bargain Outlet, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard for public companies, but the specific financial details and market conditions can introduce varying levels of risk.
Key Numbers
- 0001639300 — Central Index Key (Unique identifier for Ollie's Bargain Outlet Holdings, Inc.)
- 001-37501 — SEC File Number (SEC's file number for the company)
Key Players & Entities
- Ollie's Bargain Outlet Holdings, Inc. (company) — Filer of the 10-Q
- August 3, 2024 (date) — End of the reporting period
- 20240829 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the period ending August 3, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 29, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key is 0001639300.
What is the Standard Industrial Classification (SIC) code for Ollie's Bargain Outlet Holdings, Inc.?
The SIC code is 5331, which corresponds to RETAIL-VARIETY STORES.
What is the company's fiscal year end?
The company's fiscal year ends on February 1 (0201).
Filing Stats: 4,515 words · 18 min read · ~15 pages · Grade level 17.6 · Accepted 2024-08-29 16:30:52
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value OLLI The NASDAQ Stock Mar
Filing Documents
- ef20030919_10q.htm (10-Q) — 1222KB
- ef20030919_ex31-1.htm (EX-31.1) — 13KB
- ef20030919_ex31-2.htm (EX-31.2) — 13KB
- ef20030919_ex32-1.htm (EX-32.1) — 5KB
- ef20030919_ex32-2.htm (EX-32.2) — 5KB
- 0001140361-24-039300.txt ( ) — 5713KB
- olli-20240803.xsd (EX-101.SCH) — 33KB
- olli-20240803_cal.xml (EX-101.CAL) — 53KB
- olli-20240803_def.xml (EX-101.DEF) — 135KB
- olli-20240803_lab.xml (EX-101.LAB) — 602KB
- olli-20240803_pre.xml (EX-101.PRE) — 305KB
- ef20030919_10q_htm.xml (XML) — 862KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION Page Item 1.
Financial Statements
Financial Statements 1 Condensed Consolidated Statements of Income for the thirteen and twenty-six weeks ended August 3, 2024 and July 29, 2023 1 Condensed Consolidated Balance Sheets as of August 3, 2024, February 3, 2024, and July 29, 2023 2 Condensed Consolidated Statements of Stockholders' Equity for the thirteen and twenty-six weeks ended August 3, 2024 and July 29, 2023 3 Condensed Consolidated Statements of Cash Flows for the twenty-six weeks ended August 3, 2024 and July 29, 2023 4 Notes to Condensed Consolidated Financial Statements 5 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.
Controls and Procedures
Controls and Procedures 27
- OTHER INFORMATION
PART II - OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 28 Item 1A.
Risk Factors
Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 5. Other Information 29 Item 6. Exhibits 30 Index
– CONDENSED CONSOLIDATED
ITEM 1 – CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS (UNAUDITED)
FINANCIAL STATEMENTS (UNAUDITED) OLLIE'S BARGAIN OUTLET HOLDINGS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Income (In thousands, except per share amounts) (Unaudited) Thirteen weeks ended Twenty-six weeks ended August 3, July 29, August 3, July 29, 2024 2023 2024 2023 Net sales $ 578,375 $ 514,509 $ 1,087,193 $ 973,663 Cost of sales 359,344 317,825 658,804 598,408 Gross profit 219,031 196,684 428,389 375,255 Selling, general, and administrative expenses 145,673 134,623 288,092 264,891 Depreciation and amortization expenses 8,004 6,655 15,720 13,138 Pre-opening expenses 4,595 2,869 7,321 6,150 Operating income 60,759 52,537 117,256 91,076 Interest income, net ( 3,928 ) ( 3,402 ) ( 8,229 ) ( 6,077 ) Income before income taxes 64,687 55,939 125,485 97,153 Income tax expense 15,705 13,758 30,161 23,992 Net income $ 48,982 $ 42,181 $ 95,324 $ 73,161 Earnings per common share: Basic $ 0.80 $ 0.68 $ 1.55 $ 1.18 Diluted $ 0.79 $ 0.68 $ 1.54 $ 1.18 Weighted average common shares outstanding: Basic 61,313 61,768 61,347 61,869 Diluted 61,721 62,055 61,731 62,131 See accompanying notes to the condensed consolidated financial statements. 1 Index OLLIE'S BARGAIN OUTLET HOLDINGS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (In thousands, except per share amounts) (Unaudited) August 3, February 3, July 29, Assets 2024 2024 2023 Current assets: Cash and cash equivalents $ 170,600 $ 266,262 $ 181,416 Short-term investments 182,544 86,980 128,769 Inventories 531,286 505,790 498,331 Accounts receivable 1,187 2,223 2,935 Prepaid expenses and other current assets 9,813 10,173 6,810 Total current assets 895,430 871,428 818,261 Property and equipment, net of accumulated depreciation of $ 203,347 , $ 184,201 and