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Form 8-K

sec.gov

8-K — Ollie's Bargain Outlet Holdings, Inc.

Accession: 0001140361-26-035406

Filed: 2026-09-02

Period: 2026-09-02

CIK: 0001639300

SIC: 5331 (RETAIL-VARIETY STORES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ef20081496_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ef20081496_ex99-1.htm)

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8-K

8-K (Primary)

Filename: ef20081496_8k.htm · Sequence: 1

false000163930000016393002026-09-022026-09-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report: September 2, 2026

(Date of earliest event reported)

Ollie's Bargain Outlet Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-37501

80-0848819

(Commission File Number)

(IRS Employer Identification No.)

6295 Allentown Boulevard

Suite 1

Harrisburg, Pennsylvania

17112

(Address of principal executive offices)

(Zip Code)

(717) 657-2300

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following

provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol

Name of each exchange on which registered

Common Stock, $0.001 par value

OLLI

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule

12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised

financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐.

Item 2.02

Results of Operations and Financial Condition.

On September 2, 2026, Ollie’s Bargain Outlet Holdings, Inc. (the “Company”) issued a press release announcing its financial

results for the quarter ended August 1, 2026. A copy of the press release is furnished as Exhibit 99.1 to this current report and is incorporated by reference herein.

The information furnished in this Item 2.02 of on this Form 8-K, including the exhibit attached,

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing

under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.  The following exhibits are filed with this report:

Exhibit No.

Description

99.1

Press Release issued on September 2, 2026 of Ollie’s Bargain Outlet Holdings, Inc.

104

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

OLLIE’S BARGAIN OUTLET HOLDINGS, INC.

By:

/s/ Robert Helm

Name: Robert Helm

Title:   Executive Vice President and Chief Financial Officer

Date: September 2, 2026

EXHIBIT INDEX

Exhibit No.

Description

99.1

Press Release issued on September 2, 2026 of Ollie’s Bargain Outlet Holdings, Inc.

104

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EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ef20081496_ex99-1.htm · Sequence: 2

Exhibit 99.1

Ollie’s Bargain Outlet Holdings, Inc. Announces

Second Quarter Fiscal 2026 Results

Net Sales Increased 9.1%

Opened 15 New Stores and Grew Ollie’s Army 12.7%

Updating Outlook for Fiscal 2026

HARRISBURG, PA – September 2, 2026 – Ollie’s

Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced financial results for the second quarter ended August 1, 2026.

“We delivered strong earnings growth in the second quarter and continued to execute against our key strategic initiatives,” said Eric van der Valk, President and Chief

Executive Officer. “Comparable store sales declined 1.8% against a challenging multi-year stack. We believe our sales results were negatively impacted by the combination of less favorable weather, continued economic pressure on the consumer, and an

elevated promotional environment, which all led to a more challenging backdrop than we originally expected.”

Mr. van der Valk continued, “Consumers continue to seek value and many of the same pressures affecting our customers are creating buying opportunities across the

closeout market. We continue to see strong deal flow and remain committed to reinvesting in price and strengthening our competitive position. With a flexible business model, deep vendor relationships, growing scale, and a talented team, we believe

Ollie's is well positioned to deliver long-term profitable growth through any retail environment.”

Thirteen weeks ended

August 1,

August 2,

Dollars in thousands, except per share data

2026

2025

Net sales

$

741,305

$

679,556

Yr/yr change

9.1

%

17.5

%

Comparable store sales change (1)

(1.8

%)

5.0

%

Net income

$

85,454

$

61,310

Net income per diluted share

$

1.42

$

0.99

Adjusted net income per diluted share

$

1.42

$

0.99

Yr/yr change

43.4

%

26.9

%

Adjusted EBITDA

$

127,095

$

93,786

% of net sales

17.1

%

13.8

%

Store openings (2)

15

29

Store growth, yr/yr change

11.9

%

16.8

%

(1)

Calculated based on the comparable number of weeks from the prior year.

(2)

Gross number that does not include any store closures in the period.

Second Quarter 2026 Highlights and Year-Over-Year Comparisons

Opened 15 new stores and closed one store related to storm damage, ending the quarter with 686 stores in 36 states, an increase of 11.9%.

Ollie’s Army loyalty members increased 12.7% to 18.1 million members.

Net sales increased 9.1% to $741.3 million, driven by new store unit growth.

Comparable store sales decreased 1.8%, against a 5.0% increase in last year’s second quarter, with this year’s decrease driven by a decrease in average basket size.

Gross margin increased 360 basis points to 43.5%. The increase was driven by lower supply chain costs, primarily from IEEPA tariff refunds and lower tariff rates. IEEPA tariff refunds benefited gross

margin by 380 basis points in this year’s second quarter.

Selling, general, and administrative (“SG&A”) expenses as a percentage of net sales increased 80 basis points to 26.6%, with the increase primarily driven by the deleverage of fixed costs from

the decline in comparable store sales and higher marketing expenses primarily from one additional merchandise flyer in the second quarter.

Pre-opening expenses decreased 42.0% to $5.2 million, driven primarily by a lower number of new store openings and lower dark rent expense.

Adjusted net income increased 40.3% to $85.4 million and adjusted net income per diluted share increased 43.4% to $1.42.

Total cash and investments increased $46.8 million, to $507.1 million. This included cash and cash equivalents of $120.8 million, short-term investments of $66.7 million, and long-term investments of

$319.6 million.

The Company invested $84.0 million of cash to repurchase 1.107 million shares of its common stock in the second quarter. In the first half of the year, the Company repurchased $137.3 million, or 1.6

million shares, of its common stock. At the end of the second quarter, $121.5 million remained available for future share repurchases under the current share repurchase authorization.

2

Page

Outlook

The Company is updating its financial outlook figures for the fiscal year 2026 ending January 30, 2027. The Company is updating its net sales outlook to better align

with recent sales trends and the current environment for the balance of the fiscal year. In addition, the Company’s current outlook now includes IEEPA tariff refunds of $28.3 million received in the second quarter, of which the Company intends to

reinvest in pricing actions to further strengthen its competitive position. A table comparing the current outlook metrics to the previous outlook metrics is below.

Current

Previous

New store openings(1)

75

75

Net sales

$2.928 to $2.941 billion

$2.980 to $3.000 billion

Comparable store sales growth

0% to 0.5%

~2%

Gross margin

~41.3%

~40.7%

Operating income

$345 to $350 million

$340 to $348 million

Adjusted net income (2)(3)

$275 to $279 million

$271 to $277 million

Adjusted net income per diluted share(2)(3)

$4.57 to $4.65

$4.45 to $4.55

Annual effective tax rate(3)

~25%

~25%

Diluted weighted average shares outstanding

~60.0 million

~60.9 million

Capital expenditures

$103 to $113 million

$103 to $113 million

Share repurchases

~$175 million

~$125 million

(1)

New store openings is a gross number that does not include two store closures related to storm damage.

(2)

Includes interest income of approximately $22 million.

(3)

Excludes the excess tax benefits related to stock-based compensation, as the Company cannot predict such

estimates without unreasonable effort.

Conference Call Information

A conference call to discuss second quarter 2026 financial results is scheduled for today, September 2, 2026, at 8:30 a.m. Eastern Time. To access the live conference

call, please preregister here. Registrants will receive a confirmation

with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company’s website at https://investors.ollies.com.

A replay of the conference call webcast will be available on the investor relations website for one year.

About Ollie’s

Ollie’s is a leading off-price retailer of brand-name household products. Since our founding in 1982, our mission has been to sell Good

Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at

prices up to 70% below traditional retailers. As of August 1, 2026, we operated 686 stores in 36 states and growing! For more information, visit www.ollies.com.

Non-GAAP Reconciliation

The Company’s results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income (loss), Adjusted net income (loss) per diluted

share, EBITDA, and Adjusted EBITDA are non-GAAP measures, and are not intended to replace GAAP financial information, and may be different from non-GAAP measures reported by other companies. The Company believes the income and expense items excluded

as non-GAAP adjustments are not reflective of the performance of its core business, and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business.

3

Page

Please refer to the “Reconciliation of GAAP to Non-GAAP Financial Measures” table included in this press release, which sets forth the non-GAAP operating adjustments for

the 13-week and 26-week periods ended August 1, 2026 and August 2, 2025.

Forward-Looking Statements

This press release contains certain forward-looking statements, which includes but is not limited to statements regarding industry trends, value creation, customer

trends, new stores, distribution centers, and various financial outlook figures, including new store openings, net sales, comparable store sales, gross margin, SG&A, operating income, net income, adjusted net income, adjusted net income per

diluted share, effective tax rate, diluted weighted average shares outstanding and capital expenditures. All forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, are subject to

the finalization of the Company’s quarterly financial and accounting procedures, and may be affected by certain risks and uncertainties, any one, or a combination, of which could materially affect the results of the Company’s operations.

Forward-looking statements are usually identified by or are associated with such words as “could”, “may”, “might”, “will,” “likely”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “expects”, “continues”, “projects”, “forecasts”, and

similar terminology. Actual results could vary materially from the expectations reflected in these statements. As with any business, all phases of our operations are subject to factors outside of our control. These factors include, without

limitation, the impact of the recent tariff announcements and the corresponding macroeconomic pressures and those factors discussed in the “Risk Factors” section of the Company’s Annual Reports or Form 10-K and other filings with the Securities and

Exchange Commission. Forward-looking statements made by or on behalf of the Company are based on knowledge of its business and the environment in which it operates, but because of the factors listed above, actual results could differ materially from

those reflected by any forward-looking statements. Consequently, all of the forward-looking statements made are qualified by these cautionary statements and those contained in the Company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q,

and other filings with the Securities and Exchange Commission. There can be no assurance that the results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to

or effects on the Company or its business and operations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to release publicly

any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.

Investor Contact

John Rouleau

Managing Director, Corporate Communication & Business Development

JRouleau@ollies.us

Media Contact

Tom Kuypers

Senior Vice President, Marketing

tkuypers@ollies.us

4

Page

Ollie’s Bargain Outlet Holdings, Inc.

Condensed Consolidated Statements of Income (unaudited)

(In thousands except for per share amounts)

Thirteen weeks ended

Twenty-six weeks ended

August 1,

August 2,

August 1,

August 2,

2026

2025

2026

2025

Net sales

$

741,305

$

679,556

$

1,400,233

$

1,256,323

Cost of sales

419,140

408,218

802,104

747,954

Gross profit

322,165

271,338

598,129

508,369

Selling, general and administrative expenses

197,213

175,476

385,895

340,308

Depreciation and amortization expenses

11,274

9,916

22,557

19,273

Pre-opening expenses

5,203

8,972

11,645

15,628

Operating income

108,475

76,974

178,032

133,160

Interest income, net

(6,142

)

(4,534

)

(11,108

)

(9,322

)

Income before income taxes

114,617

81,508

189,140

142,482

Income tax expense

29,163

20,198

47,286

33,612

Net income

$

85,454

$

61,310

$

141,854

$

108,870

Earnings per common share:

Basic

$

1.42

$

1.00

$

2.35

$

1.77

Diluted

$

1.42

$

0.99

$

2.34

$

1.76

Weighted average common shares outstanding:

Basic

60,097

61,340

60,490

61,342

Diluted

60,236

61,796

60,713

61,806

Percentage of net sales:

Net sales

100.0

%

100.0

%

100.0

%

100.0

%

Cost of sales

56.5

60.1

57.3

59.5

Gross profit

43.5

39.9

42.7

40.5

Selling, general and administrative expenses

26.6

25.8

27.6

27.1

Depreciation and amortization expenses

1.5

1.5

1.6

1.5

Pre-opening expenses

0.7

1.3

0.8

1.2

Operating income

14.6

11.3

12.7

10.6

Interest income, net

(0.8

)

(0.7

)

(0.8

)

(0.7

)

Income before income taxes

15.5

12.0

13.5

11.3

Income tax expense

3.9

3.0

3.4

2.7

Net income

11.5

%

9.0

%

10.1

%

8.7

%

Components may not add to totals due to rounding.

5

Page

Ollie’s Bargain Outlet Holdings, Inc.

Condensed Consolidated Balance Sheets (unaudited)

(In thousands)

August 1,

August 2,

Assets

2026

2025

Current assets:

Cash and cash equivalents

$

120,765

$

231,163

Short-term investments

66,737

85,893

Inventories

704,433

637,236

Accounts receivable

7,801

1,810

Prepaid expenses and other current assets

17,187

11,716

Total current assets

916,923

967,818

Property and equipment, net

419,234

360,836

Operating lease right-of-use assets

694,113

652,341

Goodwill

444,850

444,850

Trade name

230,559

230,559

Long-term investments

319,592

143,206

Other assets

2,325

2,242

Total assets

$

3,027,596

$

2,801,852

Liabilities and Stockholders’ Equity

Current liabilities:

Current portion of long-term debt

$

809

$

518

Accounts payable

190,207

165,629

Income taxes payable

5,755

129

Current portion of operating lease liabilities

99,157

103,122

Accrued expenses and other current liabilities

115,656

98,968

Total current liabilities

411,584

368,366

Long-term debt

1,420

912

Deferred income taxes

94,733

85,640

Long-term portion of operating lease liabilities

624,260

561,024

Total liabilities

1,131,997

1,015,942

Stockholders’ equity:

Common stock

68

68

Additional paid-in capital

764,299

745,636

Retained earnings

1,750,163

1,476,583

Treasury - common stock

(618,931

)

(436,377

)

Total stockholders’ equity

1,895,599

1,785,910

Total liabilities and stockholders’ equity

$

3,027,596

$

2,801,852

6

Page

Ollie’s Bargain Outlet Holdings, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

(In thousands)

Thirteen weeks ended

Twenty-six weeks ended

August 1,

August 2,

August 1,

August 2,

2026

2025

2026

2025

Net cash provided by operating activities

$

108,124

$

80,712

$

153,625

$

109,414

Net cash used in investing activities

(101,095

)

(39,744

)

(150,656

)

(58,010

)

Net cash used in financing activities

(83,937

)

(8,823

)

(141,884

)

(25,364

)

Net increase (decrease) in cash and cash equivalents

(76,908

)

32,145

(138,915

)

26,040

Cash and cash equivalents, beginning of the period

197,673

199,018

259,680

205,123

Cash and cash equivalents, end of the period

$

120,765

$

231,163

$

120,765

$

231,163

Ollie’s Bargain Outlet Holdings, Inc.

Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited)

(In thousands except for per share amounts)

Thirteen weeks ended

Twenty-six weeks ended

August 1,

August 2,

August 1,

August 2,

2026

2025

2026

2025

Net income

$

85,454

$

61,310

$

141,854

$

108,870

Excess tax benefits related to stock-based compensation (1)

(7

)

(425

)

(501

)

(1,912

)

Adjusted net income

$

85,447

$

60,885

$

141,353

$

106,958

Net income per diluted share

$

1.42

$

0.99

$

2.34

$

1.76

Adjustments as noted above, per dilutive share:

Excess tax benefits related to stock-based compensation (1)

(0.00

)

(0.01

)

(0.01

)

(0.03

)

Adjusted net income per diluted share

$

1.42

$

0.99

$

2.33

$

1.73

Diluted weighted-average common shares outstanding

60,236

61,796

60,713

61,806

Net income

$

85,454

$

61,310

$

141,854

$

108,870

Interest income, net

(6,142

)

(4,534

)

(11,108

)

(9,322

)

Depreciation and amortization expenses

14,892

13,452

29,826

26,261

Income tax expense

29,163

20,198

47,286

33,612

EBITDA

123,367

90,426

207,858

159,421

Non-cash stock-based compensation expense

3,728

3,360

7,129

6,524

Adjusted EBITDA

$

127,095

$

93,786

$

214,987

$

165,945

Components may not add to totals due to rounding.

(1)

Amount represents the impact from the recognition of excess tax benefits pursuant to Accounting Standards Update 2016-09, Stock Compensation

7

Page

Ollie’s Bargain Outlet Holdings, Inc.

Key Statistics (unaudited)

(Dollars in thousands)

Thirteen weeks ended

August 1,

August 2,

2026

2025

Number of stores - beginning of period

672

584

Store openings

15

29

Store closings (1)

(1

)

-

Number of stores - end of period

686

613

Yr/yr store growth

11.9

%

16.8

%

Comparable stores sales change

(1.8

)%

5.0

%

Comparable store count – end of period

575

510

Total cash and investments (2)

$

507,094

$

460,262

Capital expenditures

$

43,309

$

26,416

Share repurchases

$

83,964

$

11,516

(1)

Due to storm-related damage.

(2)

Includes cash and cash equivalents, short-term investments, and long-term investments.

8

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v3.26.1

Document and Entity Information

Sep. 02, 2026

Cover [Abstract]

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Entity File Number

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Entity Registrant Name

Ollie's Bargain Outlet Holdings, Inc.

Entity Central Index Key

0001639300

Entity Incorporation, State or Country Code

DE

Entity Tax Identification Number

80-0848819

Entity Address, Address Line One

6295 Allentown Boulevard

Entity Address, Address Line Two

Suite 1

Entity Address, City or Town

Harrisburg

Entity Address, State or Province

PA

Entity Address, Postal Zip Code

17112

City Area Code

717

Local Phone Number

657-2300

Title of 12(b) Security

Common Stock, $0.001 par value

Trading Symbol

OLLI

Security Exchange Name

NASDAQ

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Name of the state or province.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Indicate if registrant meets the emerging growth company criteria.

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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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-Number 240

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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