# Ollie’s Bargain Outlet Authorizes $500 Million Share Buyback

- URL: https://stocks.freetheai.org/news/ollie-s-bargain-outlet-authorizes-500-million-share-buyback-309820
- Published: 2026-10-13T11:00:00Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:OLLI](https://stocks.freetheai.org/symbols/NASDAQ-OLLI)
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Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) announced that its board of directors unanimously approved a new $500 million share repurchase plan. Combined with remaining funds from an existing program, the retailer now has approximately $561 million in aggregate share repurchase capacity. Shares were trading at $86.44, up 1.30% following the announcement.

The expansion reflects management's confidence in the discount retailer's business model, cash flow, and overall financial strength. Company leadership emphasized that capital priorities remain focused on opening new stores, expanding supply chain capabilities, and returning excess cash to investors. Since initiating stock repurchases in 2019, the company has returned roughly $679 million to shareholders.

Investors will be tracking how quickly the company utilizes the authorization in coming quarters. The program carries no expiration date and permits purchases through open-market transactions, private deals, or trading plans. Ollie's is not obligated to buy back a set number of shares and may adjust or suspend the program at any time.

## Key points

- Ollie's Bargain Outlet authorized a new $500 million share repurchase program with no expiration date.
- The addition brings the company's total aggregate buyback capacity to approximately $561 million.
- Since starting share repurchases in 2019, the retailer has returned about $679 million to shareholders.
- As of August 1, 2026, the company operated 686 stores across 36 states.

## Questions and answers

### How much stock is Ollie's Bargain Outlet buying back?

Ollie's Bargain Outlet authorized a new $500 million stock repurchase program, bringing its total share buyback capacity to roughly $561 million.

### When does the Ollie's share repurchase program expire?

The new $500 million buyback authorization has no expiration date, allowing the company flexibility to repurchase shares over time at its discretion.

### How many stores does Ollie's Bargain Outlet operate?

As of August 1, 2026, Ollie's Bargain Outlet operated 686 stores across 36 states.