Ollie's Bargain Outlet approves $500 million share buyback
The program lets the company buy shares in the open market or in privately negotiated deals, and it can be suspended without notice.
Key takeaways
- Ollie's Bargain Outlet Holdings, Inc. (OLLI) said its board approved a $500 million share repurchase program on Oct. 13, 2026. The company may buy shares in the open market or in privately negotiated transactions, and may suspend or discontinue the program at any time without prior announcement.
Ollie's Bargain Outlet Holdings, Inc. (OLLI) said Tuesday that its board of directors has approved a new $500 million share repurchase program, according to a filing with the Securities and Exchange Commission.
The program authorizes the company to buy back its common stock. Under the program, the company may repurchase shares in the open market at current market prices at the time of purchase, or in privately negotiated transactions.
The timing and the actual number of shares repurchased will depend on factors including price, corporate and regulatory requirements, and other business and market conditions.
The company may suspend or discontinue the program at any time, and may later resume purchases, without prior announcement.
The filing does not give an expiration date for the program or say how much of the $500 million has been used. A copy of the press release is being furnished as Exhibit 99.1 to the filing.