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Ollie's Authorizes $500 Million Share Buyback Program

BullishMedium impact
OLLI$86.44 1.30%

Ollie's Bargain Outlet Holdings, Inc. (OLLI) board of directors has unanimously authorized a new $500 million share repurchase program for its common stock. The new approval increases the discount retailer's total aggregate buyback capacity to approximately $561 million.

The expanded repurchase authorization reflects the company's ongoing capital allocation strategy. Since 2019, the retailer has returned roughly $679 million to shareholders through stock repurchases while continuing to fund business growth. Shares of the company rose 1.30% to $86.44 following the announcement.

Under the authorized program, repurchases may occur through open market transactions, privately negotiated deals, or Rule 10b5-1 trading plans. The plan carries no set expiration date, does not obligate the firm to acquire a specific number of shares, and may be paused or terminated at any time.

Key points

  • Ollie's Bargain Outlet authorized a new $500 million buyback program.
  • Total repurchase capacity reached roughly $561 million with prior authorizations.
  • The company has returned about $679 million to shareholders via buybacks since 2019.
  • Repurchases have no expiration date and can be conducted through open market or private transactions.

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Questions and answers

How much stock is Ollie's buying back?

Ollie's authorized a new $500 million share repurchase program, raising its total repurchase capacity to approximately $561 million.

When does the Ollie's share repurchase plan expire?

The program has no expiration date and does not obligate the company to purchase shares. It can be suspended or stopped at any time.

How much has Ollie's returned through buybacks since 2019?

Ollie's has returned roughly $679 million to shareholders through share repurchases since 2019 while continuing to invest in growth.