Ollie’s Bargain Outlet Holdings, Inc. Announces $500 Million Share Repurchase Authorization
Key Highlights
- ➤Ollie’s (OLLI) authorizes an additional $500 million share repurchase
- ➤Total aggregate repurchase capacity rises to approximately $561 million
- ➤Ollie’s has returned approximately $679 million through repurchases since 2019
- ➤Authorization has no expiration date and does not obligate repurchases
Expert Statements
Eric van der Valk, President and Chief Executive Officer of Ollie’s Bargain Outlet Holdings, Inc.
“This new authorization underscores our conviction in the substantial long-term growth opportunity ahead. It also demonstrates our confidence in the durability of Ollie’s business model, our ability to generate substantial cash flow over time, and in the strength of our financial position.”
Eric van der Valk, President and Chief Executive Officer of Ollie’s Bargain Outlet Holdings, Inc.
“We remain committed to our capital allocation priorities, including investing in new stores, strengthening the capabilities and infrastructure to support our growth, maintaining financial flexibility, and returning excess capital to shareholders through disciplined share repurchases. We believe this authorization reflects our confidence in the future of our business with our focus on creating long-term shareholder value.”
HARRISBURG, Pa., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced that its Board of Directors has unanimously approved a new share repurchase authorization for the repurchase of an additional $500 million of the Company’s outstanding common stock. Including the Company’s existing share repurchase authorization, the Company now has approximately $561 million of aggregate share repurchase capacity.
“This new authorization underscores our conviction in the substantial long-term growth opportunity ahead. It also demonstrates our confidence in the durability of Ollie’s business model, our ability to generate substantial cash flow over time, and in the strength of our financial position,” said Eric van der Valk, President and Chief Executive Officer. “We remain committed to our capital allocation priorities, including investing in new stores, strengthening the capabilities and infrastructure to support our growth, maintaining financial flexibility, and returning excess capital to shareholders through disciplined share repurchases. We believe this authorization reflects our confidence in the future of our business with our focus on creating long-term shareholder value.”
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