0001140361-25-033812 | 10-Q | XBRL Viewer | Ollies Bargain Outlet Holdings INC

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Debt Obligations and Financing Arrangements (Details) $ in Millions	6 Months Ended
	Aug. 02, 2025 USD ($)
Revolving Credit Facility [Member]
Debt Obligations and Financing Arrangements [Abstract]
Term of facility	5 years
Maximum borrowing capacity (in Dollars)	$ 100.0
Term of extension	5 years
Maturity date	Jan. 09, 2029
Outstanding borrowings (in Dollars)	$ 0.0
Borrowing availability (in Dollars)	90.4
Letters of credit commitments (in Dollars)	9.4
Rent reserves (in Dollars)	$ 0.2
Revolving Credit Facility [Member] \| Minimum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Variable unused line fee percentage	0.125%
Revolving Credit Facility [Member] \| Maximum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Percentage of most recent appraised value of eligible inventory	90.00%
Variable unused line fee percentage	0.25%
Revolving Credit Facility [Member] \| SOFR [Member]
Debt Obligations and Financing Arrangements [Abstract]
Interest rate floor	0.00%
Sub-Facility for Letters of Credit [Member]
Debt Obligations and Financing Arrangements [Abstract]
Maximum borrowing capacity (in Dollars)	$ 45.0
Sub-Facility for Swingline Loans [Member]
Debt Obligations and Financing Arrangements [Abstract]
Maximum borrowing capacity (in Dollars)	25.0
Credit Facility [Member]
Debt Obligations and Financing Arrangements [Abstract]
Maximum borrowing capacity (in Dollars)	$ 150.0
Credit Facility [Member] \| Minimum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Consolidated fixed charge coverage ratio	1
Credit Facility [Member] \| SOFR [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	1.00%
Term of variable rate	1 month
Credit Facility [Member] \| SOFR [Member] \| Minimum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	1.00%
Credit Facility [Member] \| SOFR [Member] \| Maximum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	1.50%
Credit Facility [Member] \| Federal Funds Effective Rate [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	0.50%
Credit Facility [Member] \| ABR Rate [Member] \| Minimum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	0.00%
Credit Facility [Member] \| ABR Rate [Member] \| Maximum [Member]
Debt Obligations and Financing Arrangements [Abstract]
Basis spread	0.50%

Segment Reporting and Entity-Wide Information

6 Months Ended

Aug. 02, 2025

Segment Reporting and Entity-Wide Information [Abstract]

Segment Reporting and Entity-Wide Information

(11)

Segment Reporting and Entity-Wide Information

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment and one reportable segment. The Company’s chief operating decision maker (the “CODM”) is the Chief Executive Officer. The CODM regularly reviews operations and financial performance at a consolidated level, for purposes of assessing performance and allocating resources.

The CODM uses net income to allocate resources for the single segment to make decisions regarding annual budget, new store openings, landlord and vendor negotiations, marketing decisions, pursuing new business ventures, and driving the Company's values. The CODM reviews asset information on a consolidated basis.

The following table summarizes the percentage of net sales by each product group for each period presented:



	Thirteen weeks ended								Twenty-six weeks ended
	August 2, 2025				August 3, 2024				August 2, 2025				August 3, 2024
	(in thousands)								(in thousands)
Consumables ⁽¹⁾	$	197,814	29.1	%	$	177,610	30.7	%	$	386,724	30.8	%	$	340,905	31.4	%
Home⁽¹⁾		181,853	26.8	%		143,226	24.8	%		354,525	28.2	%		295,059	27.1	%
Seasonal		164,408	24.2	%		140,399	24.3	%		266,891	21.2	%		236,110	21.7	%
Other		135,481	19.9	%		117,140	20.2	%		248,183	19.8	%		215,119	19.8	%
Total	$	679,556	100.0	%	$	578,375	100.0	%	$	1,256,323	100.0	%	$	1,087,193	100.0	%

(1)

In fiscal 2024, the Company reclassified certain products out of the Home category and into the Consumables category. These products included cleaning supplies, floor care, and other products such as paper goods. Prior periods have been adjusted for comparability.

Our single segment net sales, net income, and significant expenses are as follows for the thirteen and twenty-six weeks ended August 2, 2025 and August 3, 2024:


	Thirteen weeks ended						Twenty-six weeks ended
		August 2, 2025			August 3, 2024			August 2, 2025			August 3, 2024
Net sales	$	679,556		$	578,375		$	1,256,323		$	1,087,193
Cost of sales		408,218			359,344			747,954			658,804
Selling, general, and administrative expenses other		119,664			97,197			232,186			192,980
Occupancy		35,032			30,222			68,461			59,620
Advertising expenses⁽¹⁾		17,420			14,602			33,137			28,691
Depreciation and amortization expenses⁽²⁾		9,916			8,004			19,273			15,720
Stock-based compensation expense		3,360			3,652			6,524			6,801
Pre-opening expenses		8,972			4,595			15,628			7,321
Interest income, net		(4,534	)		(3,928	)		(9,322	)		(8,229	)
Income tax expense		20,198			15,705			33,612			30,161
Net income	$	61,310		$	48,982		$	108,870		$	95,324

(1) Expenses reported in operating expenses excludes advertising expenses recorded in pre-opening.

(2) Expenses reported in operating expenses excludes depreciation and amortization recorded in cost of sales.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Aug. 02, 2025
Commitments and Contingencies [Abstract]
Commitments and Contingencies	(5) Commitments and Contingencies Legal Matters From time to time, the Company may be involved in claims and legal actions that arise in the ordinary course of its business. The Company cannot predict the outcome of any claim or legal action to which it is a party. However, the Company does not believe that an unfavorable decision of any of the current claims or legal actions against it, individually or in the aggregate, will have a material adverse effect on its financial position, results of operations, liquidity, or capital resources.

Accounting Policies, by Policy (Policies)

6 Months Ended

Aug. 02, 2025

Accounting Policies [Abstract]

Fiscal Year

(b)

Fiscal Year

Ollie’s follows a 52/53-week fiscal year, which ends on the Saturday nearer to January 31^st of the following calendar year. References to the thirteen weeks ended August 2, 2025 and August 3, 2024 refer to the thirteen weeks from May 4, 2025 to August 2, 2025 and from May 5, 2024 to August 3, 2024, respectively. References to the year-to-date periods ending August 2, 2025 and August 3, 2024 refer to the twenty-six weeks from February 2, 2025 to August 2, 2025 and from February 4, 2024 to August 3, 2024, respectively. References to “2024” refer to the fiscal year ended February 1, 2025 and references to “2025” refer to the fiscal year ending January 31, 2026. Both periods consist of 52 weeks.

Basis of Presentation

(c)

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The condensed consolidated financial statements reflect all normal recurring adjustments which management believes are necessary to present fairly the Company’s results of operations, financial condition, and cash flows for all periods presented. The condensed consolidated balance sheets as of August 2, 2025 and August 3, 2024, and the condensed consolidated statements of income and stockholders’ equity for the thirteen weeks and twenty-six weeks ended August 2, 2025 and August 3, 2024, and the condensed consolidated statements of cash flows for the twenty-six weeks ended August 2, 2025 and August 3, 2024 have been prepared by the Company and are unaudited. The Company’s business is seasonal in nature and results of operations for the interim periods presented are not necessarily indicative of operating results for 2025 or any other period. All intercompany accounts, transactions, and balances have been eliminated in consolidation.

The Company’s balance sheet as of February 1, 2025, presented herein, has been derived from the audited balance sheet included in the Company’s Annual Report on Form 10-K filed with the SEC on March 26, 2025, as amended on April 11, 2025 (“Annual Report”), but does not include all disclosures required by GAAP. These financial statements should be read in conjunction with the financial statements for 2024 and footnotes thereto included in the Annual Report.

Segment Reporting

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

Use of Estimates

(d)

Use of Estimates

The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value Disclosures

(e)

Fair Value Disclosures

Fair value is defined as the price which the Company would receive to sell an asset or pay to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. In determining fair value, GAAP establishes a three-level hierarchy used in measuring fair value, as follows:

•

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

•

Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data.

•

Level 3 inputs are unobservable, developed using the Company’s estimates and assumptions, which reflect those that market participants would use.

The Company’s financial instruments consist of cash and cash equivalents, investment securities, accounts receivable, accounts payable and the Company’s credit facilities. The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable are representative of their respective fair value because of their short-term nature. The carrying amount of the Company’s credit facilities approximates its fair value because the interest rates are adjusted regularly based on current market conditions. Under the fair value hierarchy, the fair market values of cash equivalents and the investments in treasury bonds are Level 1 while the investments in municipal and corporate bonds are Level 2. Since quoted prices in active markets for identical assets are not available, these prices are determined by a third-party pricing service using observable market information such as quotes from less active markets and quoted prices of similar securities.

As of August 2, 2025, February 1, 2025, and August 3, 2024, the Company’s investment securities are classified as held-to-maturity since the Company has the intent and ability to hold the investments to maturity. Such securities are carried at amortized cost plus accrued interest and consist of the following:



	As of August 2, 2025
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
		(in thousands)
Short-term:
Treasury Bonds	$	47,008	$	5,945	$	(5,936	)	$	47,017
Municipal Bonds		14,913		37		(29	)		14,921
Corporate Bonds		23,972		53		(270	)		23,755
Total	$	85,893	$	6,035	$	(6,235	)	$	85,693
Long-term:
Municipal Bonds	$	20,131	$	-	$	(149	)	$	19,982
Corporate Bonds		123,075		199		(279	)		122,995
Total	$	143,206	$	199	$	(428	)	$	142,977



	As of February 1, 2025
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
		(in thousands)
Short-term:
Treasury Bonds	$	141,324	$	48	$	(7	)	$	141,365
Municipal Bonds		28,028		2		(131	)		27,899
Corporate Bonds		54,194		321		(174	)		54,341
Total	$	223,546	$	371	$	(312	)	$	223,605



	As of August 3, 2024
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
		(in thousands)
Short-term:
Treasury Bonds	$	104,762	$	35	$	(48	)	$	104,749
Municipal Bonds		27,515		-		(398	)		27,117
Corporate Bonds		50,267		101		(47	)		50,321
Total	$	182,544	$	136	$	(493	)	$	182,187

Short-term investment securities as of August 2, 2025, February 1, 2025, and August 3, 2024 all mature in one year or less. Long-term investment securities as of August 2, 2025 all mature after one year.

Recently Issued Accounting Pronouncements

(f)

Recently Issued Accounting Pronouncements

In December 2023, the FASB issued ASU 2023-09, “Improvements to Income Tax Disclosures,” which modifies the disclosure requirements for income taxes. This ASU requires disclosure of tabular statutory to effective rate reconciliation in both percentages and dollars, additional disaggregated rate reconciliation categories and disaggregation of both income taxes paid and income tax expense by jurisdiction. This guidance is effective for annual periods beginning after December 15, 2024. We expect this ASU to only impact our disclosures with no impact to our results of operations, cash flows, and financial condition.

In November 2024, the FASB issued ASU 2024-03 “Income Statement–Reporting Comprehensive Income–Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (“ASU 2024-03”) which requires disaggregated disclosure of certain costs and expenses, including purchases of inventory, employee compensation, depreciation, amortization, and depletion, within relevant income statement captions. This guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of ASU 2024-03 to our consolidated financial statements.

Net Sales

Ollie’s recognizes retail sales in its stores when merchandise is sold and the customer takes possession of merchandise. Also included in net sales is revenue allocated to certain redeemed discounts earned via the Ollie’s Army loyalty program and gift card breakage. Net sales are presented net of returns and sales tax. The Company provides an allowance for estimated retail merchandise returns based on prior experience.

Revenue Recognition

Revenue is deferred for the Ollie’s Army loyalty program where members accumulate points that can be redeemed for discounts on future purchases. The Company has determined it has an additional performance obligation to Ollie’s Army members at the time of the initial transaction. The Company allocates the transaction price to the initial transaction and the discount awards based upon its relative standalone selling price, which considers historical redemption patterns for the award. Revenue is recognized as those discount awards are redeemed. Discount awards issued upon the achievement of specified point levels are subject to expiration. Unless temporarily extended, the maximum redemption period is 45 days. At the end of each fiscal period, unredeemed discount awards and accumulated points to earn a future discount award are reflected as a liability. Discount awards are combined in one homogeneous pool and are not separately identifiable. Therefore, the revenue recognized consists of discount awards redeemed that were included in the deferred revenue balance at the beginning of the period as well as discount awards issued during the current period. The following table is a reconciliation of the liability related to this program:



	Twenty-six weeks ended
		August 2, 2025			August 3, 2024
		(in thousands)
Beginning balance	$	13,239		$	10,159
Revenue deferred		12,870			9,425
Revenue recognized		(11,220	)		(8,164	)
Ending balance	$	14,889		$	11,420

Gift card breakage for gift card liabilities not subject to escheatment is recognized as revenue in proportion to the redemption of gift cards. Gift cards do not expire. The rate applied to redemptions is based upon a historical breakage rate. Gift cards are combined in one homogeneous pool and are not separately identifiable. Therefore, the revenue recognized consists of gift cards that were included in the liability at the beginning of the period as well as gift cards that were issued during the period. The following table is a reconciliation of the gift card liability:



	Twenty-six weeks ended
		August 2, 2025			August 3, 2024
		(in thousands)
Beginning balance	$	2,766		$	2,650
Gift card issuances		2,136			3,262
Gift card redemption and breakage		(2,351	)		(3,451	)
Ending balance	$	2,551		$	2,461

The Company offers a co-branded credit card that can be used by customers for purchases at Ollie’s and everywhere else the co-branded credit card is accepted, and credit is extended to such customers by a third-party financial institution on a non-recourse basis to the Company. The co-branded credit card includes a performance obligation for the Company which includes marketing and promoting the program on behalf of the bank and the operation of the Company’s loyalty rewards program. Loyalty members earn points through purchases made using the card.

The third party reimburses the Company for certain credit card program costs such as advertising and loyalty points, which help promote the credit card program. The Company recognizes revenue when collectability is reasonably assured, under the assumption the amounts are not constrained and it is probable that a significant revenue reversal will not occur in future periods, which is generally the time at which the actual usage of the credit cards or specified transaction occurs.

Under the program, the Company receives a percentage of the sales generated by Ollie’s co-branded credit card, in exchange for primary marketing functions. As a result, all amounts associated with the program are recognized within net sales on the consolidated statements of income. Additionally, the Company is entitled to certain bonuses based on performance of the program.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

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+ Details

Income Taxes (Details)	3 Months Ended		6 Months Ended
Income Taxes (Details)	Aug. 02, 2025	Aug. 03, 2024	Aug. 02, 2025	Aug. 03, 2024
Income Taxes [Abstract]
Effective income tax rate	24.80%	24.30%	23.60%	24.00%

Insider Trading Arrangements

3 Months Ended

Aug. 02, 2025

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

Trading Arrangements of Directors and Executive Officers

During the thirteen weeks ended August 2, 2025, certain of our executives entered into written plans for the purchase or sale of our securities through a broker that are intended to satisfy the conditions specified in Rule 10b5-1(c) under the Exchange Act for an affirmative defense against liability for trading in securities on the basis of material nonpublic information.

The material terms of these trading plans are set forth in the table below.


Director/Officer	Action & Date of Action	Commencement of Trading Period	Scheduled Termination of Trading Period (1)	Security Covered	Maximum Number of Securities to be Purchased or Sold Pursuant to the Rule 10b5-1 Trading Plan (2)	Covers Purchase or Sale?
Eric van der Valk,	Adoption	September 29, 2025	July 30, 2026	Common Stock	8,831 (3)	Sale
President and Chief Executive Officer	June 30, 2025
Larry Kraus,	Adoption	October 6, 2025	July 7, 2026	Common Stock	12,080	Sale
Senior Vice President, Chief Information Officer	July 7, 2025
John Swygert,	Adoption	September 22, 2025	June 23, 2026	Common Stock	131,199 (3)	Sale
Executive Chairman of the Board	June 23, 2025

(1)

The plan is subject to earlier termination under certain circumstances specified in the plans, including upon the sale of all shares subject to the plan and upon either party to a plan giving notice of termination within the time prescribed under the plan.

(2)

Subject to adjustments for stock splits, stock combinations, stock dividends and other similar changes to our common stock.

(3)

The actual number of shares subject to be sold under the Rule 10b5-1 trading arrangement will be net of the number of shares withheld to satisfy certain costs and tax withholding obligations arising from the vesting of such awards and is not yet determinable.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Sale [Member] | Erik van der Valk [Member]

Trading Arrangements, by Individual

Name

Eric van der Valk

Title

President and Chief Executive Officer

Rule 10b5-1 Arrangement Adopted

true

June 30, 2025

July 30, 2026

305 days

8,831

Sale [Member] | Larry Kraus [Member]

Trading Arrangements, by Individual

Name

Larry Kraus

Title

Senior Vice President, Chief Information Officer

Rule 10b5-1 Arrangement Adopted

true

July 7, 2025

July 7, 2026

275 days

12,080

Sale [Member] | John Swygert [Member]

Trading Arrangements, by Individual

Name

John Swygert

Title

Executive Chairman of the Board

Rule 10b5-1 Arrangement Adopted

true

June 23, 2025

June 23, 2026

245 days

131,199

Accrued Expenses and Other Current Liabilities - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Aug. 02, 2025	Feb. 01, 2025	Aug. 03, 2024
Accrued Expenses and Other Current Liabilities [Abstract]
Compensation and benefits	$ 17,955	$ 20,605	$ 15,977
Deferred revenue	17,443	16,006	13,881
Sales and use taxes	13,078	9,034	11,015
Insurance	10,516	8,495	9,419
Property and equipment	9,323	5,570	7,302
Real estate	6,287	5,114	4,966
Freight	6,007	7,258	2,370
Advertising	3,811	2,178	2,027
Other	14,548	13,595	12,995
Total accrued expenses and other current liabilities	$ 98,968	$ 87,855	$ 79,952

Equity Incentive Plans

6 Months Ended

Aug. 02, 2025

Equity Incentive Plans [Abstract]

Equity Incentive Plans

(9)

Equity Incentive Plans

In connection with its initial public offering, the Company adopted the 2015 equity incentive plan (the “2015 Plan”) pursuant to which the Company’s Board of Directors may grant stock options, restricted shares, or other awards to employees, directors, and consultants. The 2015 Plan allowed for the issuance of up to 5,250,000 shares. Awards under the 2015 Plan were made pursuant to agreements and are subject to vesting and other restrictions as determined by the Board of Directors or the Compensation Committee of the Board. The Company uses authorized and unissued shares to satisfy share award exercises. No additional equity grants will be made under the 2015 Plan, although equity grants made under the 2015 Plan will continue to be governed by the 2015 Plan.

As of June 12, 2025, upon stockholder approval of the same at the Company’s annual meeting, the Company adopted a new 2025 Equity Incentive Plan (the “2025 Plan”). Pursuant to the 2025 Plan, the Company’s Board of Directors may grant stock options, restricted shares, restricted stock units, or other awards to officers, directors, key employees, and professional service providers, pursuant to agreements and subject to vesting and other restrictions as determined by the Board of Directors.

As of August 2, 2025, there were 4,903,438 shares available for grant under the 2025 Plan.

Stock Options

The exercise price for stock options is determined at the fair value of the underlying stock on the date of grant. The vesting period for awards granted under the 2025 Plan is generally set at four years (25% ratably per year). Awards are subject to employment for vesting, expire 10 years from the date of grant, and are not transferable other than upon death.

A summary of the Company’s stock option activity and related information for the twenty-six weeks ended August 2, 2025 follows:


		Number of options			Weighted average exercise price	Weighted average remaining contractual term (years)
	(in thousands, except share and per share amounts)
Outstanding at February 1, 2025		783,663		$	61.85
Granted		99,718			111.16
Forfeited		(2,685	)		59.76
Exercised		(147,624	)		63.14
Outstanding at August 2, 2025		733,072			68.31	6.9
Exercisable at August 2, 2025		393,724		$	62.00	5.6

The weighted average grant date fair value per option for options granted during the twenty-six weeks ended August 2, 2025 and August 3, 2024 was $53.80 and $39.27, respectively. The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that used the weighted average assumptions in the following table:


	Twenty-six weeks ended
		August 2, 2025		August 3, 2024
Risk-free interest rate		4.08	%	4.27	%
Expected dividend yield		—		-
Expected life (years)		5.32 years		6.25 years
Expected volatility		48.20	%	47.63	%

To estimate the expected life of stock options, the Company uses its historical information to develop reasonable expectation about future exercise patterns and post-vesting employment termination behavior for its stock option grants. For expected volatility, the Company uses its historical information over the expected life of the option granted to calculate the fair value of option grants. The risk-free interest rate is based on U.S. Treasury notes with a term approximating the expected life of the option.

Restricted Stock Units

Restricted stock units (“RSUs”) are issued at the closing price of the Company’s common stock on the date of grant. RSUs outstanding generally vest ratably over four years or cliff vest in one or four years. Awards are subject to employment for vesting and are not transferable other than upon death.

A summary of the Company’s RSU activity and related information for the twenty-six weeks ended August 2, 2025 is as follows:


	Number of shares			Weighted average grant date fair value
Non-vested balance at February 1, 2025	385,122		$	62.89
Granted	119,564			113.14
Forfeited	(12,949	)		75.61
Vested	(142,459	)		61.57
Non-vested balance at August 2, 2025	349,278		$	80.16

Stock-Based Compensation Expense

The compensation cost for stock options and RSUs, which have been recorded within selling, general, and administrative expenses on the condensed consolidated statements of income, related to the Company’s equity incentive plans was $3.4 million and $3.7 million for the thirteen weeks ended August 2, 2025 and August 3, 2024, respectively, and $6.5 million and $6.8 million for the twenty-six weeks ended August 2, 2025 and August 3, 2024, respectively.

As of August 2, 2025, there was $30.7 million of total unrecognized compensation cost related to non-vested stock-based compensation arrangements. That cost is expected to be recognized over a weighted average period of 2.9 years. Compensation costs related to awards are recognized using the straight-line method.

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Aug. 02, 2025	Feb. 01, 2025	Aug. 03, 2024
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation (in Dollars)	$ 252,468	$ 226,549	$ 203,347
Preferred stock, shares authorized (in Shares)	50,000,000	50,000,000	50,000,000
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares issued (in Shares)	0	0	0
Common stock, shares authorized (in Shares)	500,000,000	500,000,000	500,000,000
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001	$ 0.001
Common stock, shares issued (in Shares)	67,700,000	67,462,000	67,282,000
Treasury - common stock (in Shares)	6,371,000	6,113,000	5,891,000

Segment Reporting and Entity-Wide Information - Percentage of Net Sales by Product Group (Details) - Merchandise Category [Member] - Net Sales [Member] - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Aug. 02, 2025

Aug. 03, 2024

Aug. 02, 2025

Aug. 03, 2024

Sales by Product Group [Abstract]

Net sales

$ 679,556

$ 578,375

$ 1,256,323

$ 1,087,193

Concentration risk percentage

100.00%

Consumables [Member]

Sales by Product Group [Abstract]

Net sales

$ 197,814

$ 177,610

^[1]

$ 386,724

$ 340,905

^[1]

Concentration risk percentage

29.10%

30.70%

^[1]

30.80%

31.40%

^[1]

Home [Member]

Sales by Product Group [Abstract]

Net sales

$ 181,853

$ 143,226

^[1]

$ 354,525

$ 295,059

^[1]

Concentration risk percentage

26.80%

24.80%

^[1]

28.20%

27.10%

^[1]

Seasonal [Member]

Sales by Product Group [Abstract]

Net sales

$ 164,408

$ 140,399

$ 266,891

$ 236,110

Concentration risk percentage

24.20%

24.30%

21.20%

21.70%

Other [Member]

Sales by Product Group [Abstract]

Net sales

$ 135,481

$ 117,140

$ 248,183

$ 215,119

Concentration risk percentage

19.90%

20.20%

19.80%

[1]	In fiscal 2024, the Company reclassified certain products out of the Home category and into the Consumables category. These products included cleaning supplies, floor care, and other products such as paper goods. Prior periods have been adjusted for comparability.

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

Aug. 02, 2025

Accrued Expenses and Other Current Liabilities [Abstract]

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consists of the following:


		August 2, 2025		February 1, 2025		August 3, 2024
	(in thousands)
Compensation and benefits	$	17,955	$	20,605	$	15,977
Deferred revenue		17,443		16,006		13,881
Sales and use taxes		13,078		9,034		11,015
Insurance		10,516		8,495		9,419
Property and equipment		9,323		5,570		7,302
Real estate		6,287		5,114		4,966
Freight		6,007		7,258		2,370
Advertising		3,811		2,178		2,027
Other		14,548		13,595		12,995
	$	98,968	$	87,855	$	79,952

Equity Incentive Plans - Weighted Average Assumptions (Details)	6 Months Ended
	Aug. 02, 2025	Aug. 03, 2024
Equity Incentive Plans [Abstract]
Risk-free interest rate	4.08%	4.27%
Expected dividend yield	0.00%	0.00%
Expected life (years)	5 years 3 months 25 days	6 years 3 months
Expected volatility	48.20%	47.63%

Accrued Expenses and Other Current Liabilities

6 Months Ended

Aug. 02, 2025

Accrued Expenses and Other Current Liabilities [Abstract]

Accrued Expenses and Other Current Liabilities

(6)

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consists of the following:


		August 2, 2025		February 1, 2025		August 3, 2024
	(in thousands)
Compensation and benefits	$	17,955	$	20,605	$	15,977
Deferred revenue		17,443		16,006		13,881
Sales and use taxes		13,078		9,034		11,015
Insurance		10,516		8,495		9,419
Property and equipment		9,323		5,570		7,302
Real estate		6,287		5,114		4,966
Freight		6,007		7,258		2,370
Advertising		3,811		2,178		2,027
Other		14,548		13,595		12,995
	$	98,968	$	87,855	$	79,952

Net Sales - Reconciliation of Liabilities for Ollie's Army Loyalty Program and Gift Cards (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 02, 2025	Aug. 03, 2024
Net Sales [Abstract]
Beginning balance	$ 13,239	$ 10,159
Revenue deferred	12,870	9,425
Revenue recognized	(11,220)	(8,164)
Ending balance	14,889	11,420
Beginning balance	2,766	2,650
Gift card issuances	2,136	3,262
Gift card redemption and breakage	(2,351)	(3,451)
Ending balance	$ 2,551	$ 2,461

Segment Reporting and Entity-Wide Information (Details)	6 Months Ended
Segment Reporting and Entity-Wide Information (Details)	Aug. 02, 2025 Segment
Segment Reporting and Entity-Wide Information [Abstract]
Number of operating segments	1
Number of reportable segments	1

Common Stock - Common Stock (Details)	6 Months Ended
Common Stock - Common Stock (Details)	Aug. 02, 2025 Votepershare $ / shares shares	Feb. 01, 2025 $ / shares shares	Aug. 03, 2024 $ / shares shares
Common Stock [Abstract]
Common stock, number of votes per share \| Votepershare	1
Common stock, shares authorized (in Shares)	500,000,000	500,000,000	500,000,000
Common stock, par value \| $ / shares	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized (in Shares)	50,000,000	50,000,000	50,000,000
Preferred stock, par value \| $ / shares	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares issued (in Shares)	0	0	0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
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-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

Common Stock - Share Repurchase Program (Details) $ in Thousands	3 Months Ended		6 Months Ended		36 Months Ended
	Aug. 02, 2025 USD ($)	Aug. 03, 2024 USD ($)	Aug. 02, 2025 USD ($) shares	Aug. 03, 2024 USD ($)	Nov. 30, 2023 USD ($) Approval	Mar. 19, 2025 USD ($)
Common Stock [Abstract]
Number of separate approvals for authorized repurchase of common stock \| Approval					3
Shares repurchased	$ 11,516	$ 6,428	$ 28,623	$ 31,435
Share Repurchase Program [Member]
Common Stock [Abstract]
Authorized repurchase of common stock					$ 400,000
Increase in authorized repurchase of common stock						$ 300,000
Shares repurchased \| shares			257,434
Shares repurchased			$ 28,600
Remaining authorized repurchase of common stock	$ 304,000		$ 304,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 02, 2025	Aug. 03, 2024
Cash Flows from Operating Activities:
Net income	$ 108,870	$ 95,324
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	26,261	19,733
Amortization of debt issuance costs	26	26
Gain on sale of assets	(102)	(204)
Deferred income tax provision	4,516	926
Stock-based compensation expense	6,524	6,801
Other	(597)	(1,087)
Changes in operating assets and liabilities:
Inventories	(84,694)	(25,496)
Accounts receivable	542	1,036
Prepaid expenses and other assets	(1,519)	380
Accounts payable	36,511	3,426
Income taxes payable	(1,578)	(14,744)
Accrued expenses and other liabilities	14,654	(2,062)
Net cash provided by operating activities	109,414	84,059
Cash Flows from Investing Activities:
Capital expenditures	(53,156)	(65,154)
Proceeds from sale of property and equipment	102	233
Purchases of investments	(232,148)	(230,683)
Maturities of investments	227,192	136,206
Net cash used in investing activities	(58,010)	(159,398)
Cash Flows from Financing Activities:
Repayments on finance leases	(570)	(637)
Proceeds from stock option exercises	9,336	14,720
Common shares withheld for taxes	(5,507)	(2,971)
Payment for shares repurchased	(28,623)	(31,435)
Net cash used in financing activities	(25,364)	(20,323)
Net increase (decrease) in cash and cash equivalents	26,040	(95,662)
Cash and cash equivalents, beginning of the period	205,123	266,262
Cash and cash equivalents, end of the period	231,163	170,600
Cash paid during the period for:
Interest	248	219
Income taxes	30,674	45,376
Non-cash investing activities:
Accrued purchases of property and equipment	$ 10,999	$ 10,310

Leases (Details) $ in Millions	6 Months Ended
Leases (Details) $ in Millions	Aug. 02, 2025 USD ($) Option
Leases [Abstract]
Renewal term of leases	5 years
Minimum lease payments for leases signed, but not commenced (in Dollars) \| $	$ 40.8
Minimum [Member]
Leases [Abstract]
Number of options to renew operating leases	3
Maximum [Member]
Leases [Abstract]
Number of options to renew operating leases	5

Net Sales (Tables)

6 Months Ended

Aug. 02, 2025

Net Sales [Abstract]

Reconciliation of Liabilities for Ollie's Army Loyalty Program and Gift Cards

The following table is a reconciliation of the liability related to this program:



	Twenty-six weeks ended
		August 2, 2025			August 3, 2024
		(in thousands)
Beginning balance	$	13,239		$	10,159
Revenue deferred		12,870			9,425
Revenue recognized		(11,220	)		(8,164	)
Ending balance	$	14,889		$	11,420

The following table is a reconciliation of the gift card liability:



	Twenty-six weeks ended
		August 2, 2025			August 3, 2024
		(in thousands)
Beginning balance	$	2,766		$	2,650
Gift card issuances		2,136			3,262
Gift card redemption and breakage		(2,351	)		(3,451	)
Ending balance	$	2,551		$	2,461

Equity Incentive Plans - RSU Activity (Details) - Restricted Stock Units [Member]	6 Months Ended
	Aug. 02, 2025 $ / shares shares
Equity Incentive Plans [Abstract]
Non-vested at beginning of period \| shares	385,122
Non-vested at beginning of period \| $ / shares	$ 62.89
Granted \| shares	119,564
Granted \| $ / shares	$ 113.14
Forfeited \| shares	(12,949)
Forfeited \| $ / shares	$ 75.61
Vested \| shares	(142,459)
Vested \| $ / shares	$ 61.57
Non-vested at end of period \| shares	349,278
Non-vested at end of period \| $ / shares	$ 80.16

Earnings per Common Share

6 Months Ended

Aug. 02, 2025

Earnings per Common Share [Abstract]

Earnings per Common Share

(3)

Earnings per Common Share

Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding after giving effect to the potential dilution, if applicable, from the assumed exercise of stock options into shares of common stock as if those stock options were exercised and the assumed lapse of restrictions on restricted stock units.

The following table summarizes those effects for the diluted earnings per common share calculation:


	Thirteen weeks ended				Twenty-six weeks ended
		August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
	(in thousands, except per share amounts)				(in thousands, except per share amounts)
Net income	$	61,310	$	48,982	$	108,870	$	95,324
Weighted average number of common shares outstanding – Basic		61,340		61,313		61,342		61,347
Incremental shares from the assumed exercise of outstanding stock options and vesting of restricted stock units		456		408		464		384
Weighted average number of common shares outstanding - Diluted		61,796		61,721		61,806		61,731
Earnings per common share – Basic	$	1.00	$	0.80	$	1.77	$	1.55
Earnings per common share - Diluted	$	0.99	$	0.79	$	1.76	$	1.54

The effect of the weighted average assumed exercise of stock options outstanding totaling 105,588 and 298,237 for the thirteen weeks ended August 2, 2025 and August 3, 2024, respectively, and 89,102 and 408,987 for the twenty-six weeks ended August 2, 2025 and August 3, 2024, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.

The effect of weighted average non-vested restricted stock units outstanding totaling 546 and 445 for the thirteen weeks ended August 2, 2025 and August 3, 2024, respectively, and 17,373 and 246 for the twenty-six weeks ended August 2, 2025 and August 3, 2024, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.

Net Sales (Details)	6 Months Ended
Net Sales (Details)	Aug. 02, 2025
Net Sales [Abstract]
Maximum redemption period for discount awards	45 days

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 02, 2025	Feb. 01, 2025	Aug. 03, 2024
Current assets:
Cash and cash equivalents	$ 231,163	$ 205,123	$ 170,600
Short-term investments	85,893	223,546	182,544
Inventories	637,236	552,542	531,286
Accounts receivable	1,810	2,352	1,187
Prepaid expenses and other current assets	11,716	10,228	9,813
Total current assets	967,818	993,791	895,430
Property and equipment, net of accumulated depreciation of $252,468, $226,549, and $203,347 respectively	360,836	334,961	307,163
Operating lease right-of-use assets	652,341	554,737	494,169
Goodwill	444,850	444,850	444,850
Trade name	230,559	230,559	230,559
Long-term investments	143,206	0	0
Other assets	2,242	2,247	2,122
Total assets	2,801,852	2,561,145	2,374,293
Current liabilities:
Current portion of long-term debt	518	556	589
Accounts payable	165,629	130,279	129,824
Income taxes payable	129	1,707	0
Current portion of operating lease liabilities	103,122	83,944	87,476
Accrued expenses and other current liabilities	98,968	87,855	79,952
Total current liabilities	368,366	304,341	297,841
Long-term debt	912	1,040	984
Deferred income taxes	85,640	81,124	72,803
Long-term portion of operating lease liabilities	561,024	479,330	411,994
Total liabilities	1,015,942	865,835	783,622
Stockholders’ equity:
Preferred stock - 50,000 shares authorized at $0.001 par value; no shares issued	0	0	0
Common stock - 500,000 shares authorized at $0.001 par value; 67,700, 67,462, and 67,282 shares issued, respectively	68	67	67
Additional paid-in capital	745,636	735,284	713,509
Retained earnings	1,476,583	1,367,713	1,263,275
Treasury - common stock, at cost; 6,371, 6,113, and 5,891 shares, respectively	(436,377)	(407,754)	(386,180)
Total stockholders’ equity	1,785,910	1,695,310	1,590,671
Total liabilities and stockholders’ equity	$ 2,801,852	$ 2,561,145	$ 2,374,293

Leases

6 Months Ended

Aug. 02, 2025

Leases [Abstract]

Leases

(4)

Leases

The Company accounts for leases in accordance with ASC Topic 842, Leases. Under this guidance, arrangements meeting the definition of a lease are classified as operating or financing leases and are recorded on the balance sheet as both a right-of-use asset and lease liability, calculated by discounting fixed lease payments over the lease term at the rate implicit in the lease, if available. The Company’s lessors do not provide an implicit rate, nor is one readily available, therefore the Company uses its incremental borrowing rate based on the portfolio approach, which applies one rate to leases within a given period. Lease liabilities are increased by interest and reduced by payments each period, and the right-of-use asset is amortized over the lease term. For operating leases, interest on the lease liability and the amortization of the right-of-use asset result in straight-line rent expense over the lease term. Variable lease expenses, if any, are recorded when incurred.

In calculating the right-of-use asset and lease liability, the Company elects to combine lease and non-lease components. The Company excludes short-term leases having initial terms of 12 months or less from the guidance as an accounting policy election and recognizes rent expense on a straight-line basis over the lease term. The Company does not act as a lessor.

Ollie’s generally leases its stores, offices, and distribution facilities under operating leases that expire at various dates through 2038. These leases generally provide for fixed annual rentals; however, several provide for minimum annual rentals plus contingent rentals based on a percentage of annual sales. A majority of the Company’s leases also require a payment for all or a portion of common-area maintenance, insurance, real estate taxes, water and sewer costs, and repairs, on a fixed or variable payment basis, the cost of which, for leases existing as of the adoption of ASC 842, is charged to the related expense category rather than being accounted for as rent expense. For leases entered into after the adoption of ASC 842, the Company accounts for lease components together with non-lease components as a single component for all classes of underlying assets. Most of the leases contain options to renew for three to five successive five-year periods. Many of our lease agreements provide options to extend the lease term beyond the initial non-cancelable period. At lease commencement, we generally include only the initial term in the lease liability and right-of-use asset, as we have determined that renewal options are not reasonably certain to be exercised. Renewal decisions are generally at our sole discretion. Upon renewal of an expiring lease, we reassess the terms and include in the lease term any extension periods that are reasonably certain to be exercised. For leases acquired through bankruptcy proceedings, we typically include option periods in the lease term, as the economic penalty associated with the acquisition cost makes renewal reasonably certain. Ollie’s lease agreements generally do not contain any material residual value guarantees or material restrictive covenants.

Store and office lease costs are classified in selling, general, and administrative expenses and distribution center lease costs are classified in cost of sales on the condensed consolidated statements of income.

The following table summarizes the maturity of the Company’s operating lease liabilities by fiscal year as of August 2, 2025:


		August 2, 2025
		(in thousands)
Remainder of 2025	$	50,897
2026		134,805
2027		123,975
2028		108,628
2029		87,934
Thereafter		306,026
Total undiscounted lease payments (1)		812,265
Less: Imputed interest		(148,119	)
Total lease obligations		664,146
Less: Current obligations under leases		(103,122	)
Long-term lease obligations	$	561,024

(1) Lease obligations exclude $40.8 million of minimum lease payments for leases signed but not commenced.

The following table summarizes other information related to the Company’s operating leases as of and for the respective periods:



	Twenty-six weeks ended
		August 2, 2025			August 3, 2024
		(dollars in thousands)
Cash paid for operating leases	$	68,299		$	57,080
Operating lease cost		66,184			55,292
Variable lease cost		9,731			8,062
Non-cash right-of-use assets obtained in exchange for lease obligations		101,390			33,113
Weighted-average remaining lease term		8.3 years			6.6 years
Weighted-average discount rate		4.5	%		4.1	%

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2025	Aug. 03, 2024	Aug. 02, 2025	Aug. 03, 2024
Condensed Consolidated Statements of Income [Abstract]
Net sales	$ 679,556	$ 578,375	$ 1,256,323	$ 1,087,193
Cost of sales	408,218	359,344	747,954	658,804
Gross profit	271,338	219,031	508,369	428,389
Selling, general, and administrative expenses	175,476	145,673	340,308	288,092
Depreciation and amortization expenses	9,916	8,004	19,273	15,720
Pre-opening expenses	8,972	4,595	15,628	7,321
Operating income	76,974	60,759	133,160	117,256
Interest income, net	(4,534)	(3,928)	(9,322)	(8,229)
Income before income taxes	81,508	64,687	142,482	125,485
Income tax expense	20,198	15,705	33,612	30,161
Net income	$ 61,310	$ 48,982	$ 108,870	$ 95,324
Earnings per common share:
Basic (in Dollars per share)	$ 1	$ 0.8	$ 1.77	$ 1.55
Diluted (in Dollars per share)	$ 0.99	$ 0.79	$ 1.76	$ 1.54
Weighted average common shares outstanding:
Basic (in Shares)	61,340	61,313	61,342	61,347
Diluted (in Shares)	61,796	61,721	61,806	61,731

Segment Reporting and Entity-Wide Information - Single Segment Net Sales, Net Income and Significant Expenses (Details) - Ollie's [Member] - Operating Segments [Member] - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Aug. 02, 2025

Aug. 03, 2024

Aug. 02, 2025

Aug. 03, 2024

Segment Reporting Information [Abstract]

Net sales

$ 679,556

$ 578,375

$ 1,256,323

$ 1,087,193

Cost of sales

408,218

359,344

747,954

658,804

Selling, general, and administrative expenses other

119,664

97,197

232,186

192,980

Occupancy

35,032

30,222

68,461

59,620

Advertising expenses

^[1]

17,420

14,602

33,137

28,691

Depreciation and amortization expenses

^[2]

9,916

8,004

19,273

15,720

Stock-based compensation expense

3,360

3,652

6,524

6,801

Pre-opening expenses

8,972

4,595

15,628

7,321

Interest income, net

(4,534)

(3,928)

(9,322)

(8,229)

Income tax expense

20,198

15,705

33,612

30,161

Net income

$ 61,310

$ 48,982

$ 108,870

$ 95,324

[1]	Expenses reported in operating expenses excludes advertising expenses recorded in pre-opening.
[2]	Expenses reported in operating expenses excludes depreciation and amortization recorded in cost of sales.

Common Stock	6 Months Ended
Common Stock	Aug. 02, 2025
Common Stock [Abstract]
Common Stock	(10) Common Stock Common Stock The Company’s capital structure consists of a single class of common stock with one vote per share. The Company has authorized 500,000,000 shares at $0.001 par value per share. Additionally, the Company has authorized 50,000,000 shares of preferred stock at $0.001 par value per share; to date, however, no preferred shares have been issued. Treasury stock, which consists of the Company’s common stock, is accounted for using the cost method. Share Repurchase Program Between December 15, 2020, and November 30, 2023, the Company’s Board of Directors approved and authorized the repurchase of up to $400.0 million of shares of the Company’s common stock through three separate approvals, set to expire March 31, 2026. On March 19, 2025, the Company’s Board of Directors approved a new share repurchase authorization of an additional $300.0 million of the Company’s outstanding common stock, effective through March 31, 2029. The shares to be repurchased may be purchased from time to time in open market conditions (including blocks), privately negotiated transactions, accelerated share repurchase programs or other derivative transactions, issuer self-tender offers, or any combination of the foregoing. The timing of repurchases and the actual amount purchased will depend on a variety of factors, including the market price of the Company’s shares, general market, economic and business conditions, and other corporate considerations. Repurchases may be made pursuant to plans intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, which could allow the Company to purchase its shares during periods when it otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. Repurchases are expected to be funded from cash on hand or through the utilization of the Company’s Revolving Credit Facility. The repurchase authorization does not require the purchase of a specific number of shares and is subject to suspension or termination by the Company’s Board of Directors at any time. During the twenty-six weeks ended August 2, 2025, the Company repurchased 257,434 shares of its common stock for $28.6 million, inclusive of transaction costs, pursuant to its share repurchase program. These expenditures were funded by cash on hand. As of August 2, 2025, the Company had $304.0 million remaining under its share repurchase authorization. There can be no assurance that any additional repurchases will be completed, or as to the timing or amount of any repurchases. The share repurchase program may be discontinued at any time.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

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-Topic 505
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+ Details

Earnings per Common Share (Details) - shares	3 Months Ended		6 Months Ended
Earnings per Common Share (Details) - shares	Aug. 02, 2025	Aug. 03, 2024	Aug. 02, 2025	Aug. 03, 2024
Stock Options [Member]
Earnings per Common Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in Shares)	105,588	298,237	89,102	408,987
Non-vested Restricted Stock Units [Member]
Earnings per Common Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in Shares)	546	445	17,373	246

Net Sales

6 Months Ended

Aug. 02, 2025

Net Sales [Abstract]

Net Sales

(2)

Net Sales

Revenue Recognition



	Twenty-six weeks ended
		August 2, 2025			August 3, 2024
		(in thousands)
Beginning balance	$	13,239		$	10,159
Revenue deferred		12,870			9,425
Revenue recognized		(11,220	)		(8,164	)
Ending balance	$	14,889		$	11,420



	Twenty-six weeks ended
		August 2, 2025			August 3, 2024
		(in thousands)
Beginning balance	$	2,766		$	2,650
Gift card issuances		2,136			3,262
Gift card redemption and breakage		(2,351	)		(3,451	)
Ending balance	$	2,551		$	2,461

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Leases - Maturity of Operating Lease Liabilities (Details) - USD ($)
$ in Thousands

Aug. 02, 2025

Feb. 01, 2025

Aug. 03, 2024

Maturity of Operating Lease Liabilities [Abstract]

$ 50,897

134,805

123,975

108,628

87,934

306,026

Total undiscounted lease payments

^[1]

812,265

Less: Imputed interest

(148,119)

Total lease obligations

664,146

Less: Current obligations under leases

(103,122)

$ (83,944)

$ (87,476)

Long-term lease obligations

$ 561,024

$ 479,330

$ 411,994

[1]	Lease obligations exclude $40.8 million of minimum lease payments for leases signed but not commenced.

Earnings per Common Share - Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2025	Aug. 03, 2024	Aug. 02, 2025	Aug. 03, 2024
Earnings per Common Share [Abstract]
Net income (in Dollars)	$ 61,310	$ 48,982	$ 108,870	$ 95,324
Weighted average number of common shares outstanding - Basic (in Shares)	61,340	61,313	61,342	61,347
Incremental shares from the assumed exercise of outstanding stock options and vesting of restricted stock units (in Shares)	456	408	464	384
Weighted average number of common shares outstanding - Diluted (in Shares)	61,796	61,721	61,806	61,731
Earnings per common share - Basic (in Dollars per share)	$ 1	$ 0.8	$ 1.77	$ 1.55
Earnings per common share - Diluted (in Dollars per share)	$ 0.99	$ 0.79	$ 1.76	$ 1.54

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Basis of Presentation and Summary of Significant Accounting Policies (Details)	6 Months Ended
	Aug. 02, 2025 Store State Segment
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Number of retail stores \| Store	613
Number of states in which retail stores are operated \| State	34
Number of operating segments \| Segment	1

Basis of Presentation and Summary of Significant Accounting Policies - Held-to-Maturity Investment Securities (Details) - USD ($) $ in Thousands	Aug. 02, 2025	Feb. 01, 2025	Aug. 03, 2024
Short-term:
Amortized cost	$ 85,893	$ 223,546	$ 182,544
Gross unrealized gains	6,035	371	136
Gross unrealized losses	(6,235)	(312)	(493)
Fair market value	85,693	223,605	182,187
Long-term:
Amortized cost	143,206	0	0
Gross unrealized gains	199
Gross unrealized losses	(428)
Fair market value	142,977
Treasury Bonds [Member]
Short-term:
Amortized cost	47,008	141,324	104,762
Gross unrealized gains	5,945	48	35
Gross unrealized losses	(5,936)	(7)	(48)
Fair market value	47,017	141,365	104,749
Municipal Bonds [Member]
Short-term:
Amortized cost	14,913	28,028	27,515
Gross unrealized gains	37	2	0
Gross unrealized losses	(29)	(131)	(398)
Fair market value	14,921	27,899	27,117
Long-term:
Amortized cost	20,131
Gross unrealized gains	0
Gross unrealized losses	(149)
Fair market value	19,982
Corporate Bonds [Member]
Short-term:
Amortized cost	23,972	54,194	50,267
Gross unrealized gains	53	321	101
Gross unrealized losses	(270)	(174)	(47)
Fair market value	23,755	$ 54,341	$ 50,321
Long-term:
Amortized cost	123,075
Gross unrealized gains	199
Gross unrealized losses	(279)
Fair market value	$ 122,995

Equity Incentive Plans (Tables)

6 Months Ended

Aug. 02, 2025

Equity Incentive Plans [Abstract]

Stock Option Activity

A summary of the Company’s stock option activity and related information for the twenty-six weeks ended August 2, 2025 follows:


		Number of options			Weighted average exercise price	Weighted average remaining contractual term (years)
	(in thousands, except share and per share amounts)
Outstanding at February 1, 2025		783,663		$	61.85
Granted		99,718			111.16
Forfeited		(2,685	)		59.76
Exercised		(147,624	)		63.14
Outstanding at August 2, 2025		733,072			68.31	6.9
Exercisable at August 2, 2025		393,724		$	62.00	5.6

Weighted Average Assumptions


	Twenty-six weeks ended
		August 2, 2025		August 3, 2024
Risk-free interest rate		4.08	%	4.27	%
Expected dividend yield		—		-
Expected life (years)		5.32 years		6.25 years
Expected volatility		48.20	%	47.63	%

RSU Activity

A summary of the Company’s RSU activity and related information for the twenty-six weeks ended August 2, 2025 is as follows:


	Number of shares			Weighted average grant date fair value
Non-vested balance at February 1, 2025	385,122		$	62.89
Granted	119,564			113.14
Forfeited	(12,949	)		75.61
Vested	(142,459	)		61.57
Non-vested balance at August 2, 2025	349,278		$	80.16

Basis of Presentation and Summary of Significant Accounting Policies

6 Months Ended

Aug. 02, 2025

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

(1)

Basis of Presentation and Summary of Significant Accounting Policies

(a)

Description of Business

Ollie’s Bargain Outlet Holdings, Inc. and subsidiaries (collectively referred to as the “Company” or “Ollie’s”) principally buys overproduced, overstocked, and closeout merchandise from manufacturers, wholesalers, and other retailers. In addition, the Company augments its name-brand closeout deals with directly sourced private label products featuring names exclusive to Ollie’s in order to provide consistently value-priced goods in select key merchandise categories.

Since its first store opened in 1982, the Company has grown to 613 retail stores in 34 states as of August 2, 2025. Ollie’s retail stores are operated and located in the following states: Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, West Virginia, and Wisconsin.

(b)

Fiscal Year

(c)

Basis of Presentation

For purposes of the disclosure requirements for segments of a business enterprise, it has been determined that the Company is comprised of one operating segment.

(d)

Use of Estimates

(e)

Fair Value Disclosures

•

Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

•

Level 3 inputs are unobservable, developed using the Company’s estimates and assumptions, which reflect those that market participants would use.



	As of August 2, 2025
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
		(in thousands)
Short-term:
Treasury Bonds	$	47,008	$	5,945	$	(5,936	)	$	47,017
Municipal Bonds		14,913		37		(29	)		14,921
Corporate Bonds		23,972		53		(270	)		23,755
Total	$	85,893	$	6,035	$	(6,235	)	$	85,693
Long-term:
Municipal Bonds	$	20,131	$	-	$	(149	)	$	19,982
Corporate Bonds		123,075		199		(279	)		122,995
Total	$	143,206	$	199	$	(428	)	$	142,977



	As of February 1, 2025
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
		(in thousands)
Short-term:
Treasury Bonds	$	141,324	$	48	$	(7	)	$	141,365
Municipal Bonds		28,028		2		(131	)		27,899
Corporate Bonds		54,194		321		(174	)		54,341
Total	$	223,546	$	371	$	(312	)	$	223,605



	As of August 3, 2024
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
		(in thousands)
Short-term:
Treasury Bonds	$	104,762	$	35	$	(48	)	$	104,749
Municipal Bonds		27,515		-		(398	)		27,117
Corporate Bonds		50,267		101		(47	)		50,321
Total	$	182,544	$	136	$	(493	)	$	182,187

(f)

Recently Issued Accounting Pronouncements

Segment Reporting and Entity-Wide Information (Tables)

6 Months Ended

Aug. 02, 2025

Segment Reporting and Entity-Wide Information [Abstract]

Percentage of Net Sales by Product Group

The following table summarizes the percentage of net sales by each product group for each period presented:



	Thirteen weeks ended								Twenty-six weeks ended
	August 2, 2025				August 3, 2024				August 2, 2025				August 3, 2024
	(in thousands)								(in thousands)
Consumables ⁽¹⁾	$	197,814	29.1	%	$	177,610	30.7	%	$	386,724	30.8	%	$	340,905	31.4	%
Home⁽¹⁾		181,853	26.8	%		143,226	24.8	%		354,525	28.2	%		295,059	27.1	%
Seasonal		164,408	24.2	%		140,399	24.3	%		266,891	21.2	%		236,110	21.7	%
Other		135,481	19.9	%		117,140	20.2	%		248,183	19.8	%		215,119	19.8	%
Total	$	679,556	100.0	%	$	578,375	100.0	%	$	1,256,323	100.0	%	$	1,087,193	100.0	%

(1)

Single Segment Net Sales, Net Income and Significant Expenses

Our single segment net sales, net income, and significant expenses are as follows for the thirteen and twenty-six weeks ended August 2, 2025 and August 3, 2024:


	Thirteen weeks ended						Twenty-six weeks ended
		August 2, 2025			August 3, 2024			August 2, 2025			August 3, 2024
Net sales	$	679,556		$	578,375		$	1,256,323		$	1,087,193
Cost of sales		408,218			359,344			747,954			658,804
Selling, general, and administrative expenses other		119,664			97,197			232,186			192,980
Occupancy		35,032			30,222			68,461			59,620
Advertising expenses⁽¹⁾		17,420			14,602			33,137			28,691
Depreciation and amortization expenses⁽²⁾		9,916			8,004			19,273			15,720
Stock-based compensation expense		3,360			3,652			6,524			6,801
Pre-opening expenses		8,972			4,595			15,628			7,321
Interest income, net		(4,534	)		(3,928	)		(9,322	)		(8,229	)
Income tax expense		20,198			15,705			33,612			30,161
Net income	$	61,310		$	48,982		$	108,870		$	95,324

(1) Expenses reported in operating expenses excludes advertising expenses recorded in pre-opening.

(2) Expenses reported in operating expenses excludes depreciation and amortization recorded in cost of sales.

Equity Incentive Plans (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 02, 2025	Aug. 03, 2024	Aug. 02, 2025	Aug. 03, 2024
Equity Incentive Plans [Abstract]
Weighted average grant date fair value per option granted (in Dollars per share) (in Dollars per share)			$ 53.8	$ 39.27
Total unrecognized compensation cost related to non-vested stock-based compensation arrangements (in Dollars)	$ 30.7		$ 30.7
Weighted average period to recognize stock-based compensation expense			2 years 10 months 24 days
Selling, General and Administrative Expenses [Member]
Equity Incentive Plans [Abstract]
Compensation expense (in Dollars)	$ 3.4	$ 3.7	$ 6.5	$ 6.8
Restricted Stock Units [Member]
Equity Incentive Plans [Abstract]
Vesting period			4 years
Minimum [Member] \| Restricted Stock Units [Member]
Equity Incentive Plans [Abstract]
Cliff vesting period			1 year
Maximum [Member] \| Restricted Stock Units [Member]
Equity Incentive Plans [Abstract]
Cliff vesting period			4 years
2015 Plan [Member]
Equity Incentive Plans [Abstract]
Number of shares authorized for issuance (in Shares) (in Shares)	5,250,000		5,250,000
2025 Plan [Member]
Equity Incentive Plans [Abstract]
Number of shares available for grant (in Shares) (in Shares)	4,903,438		4,903,438
2025 Plan [Member] \| Stock Options [Member]
Equity Incentive Plans [Abstract]
Vesting period			4 years
Expiration period			10 years
2025 Plan [Member] \| Year 1 [Member] \| Stock Options [Member]
Equity Incentive Plans [Abstract]
Vesting percentage			25.00%
2025 Plan [Member] \| Year 2 [Member] \| Stock Options [Member]
Equity Incentive Plans [Abstract]
Vesting percentage			25.00%
2025 Plan [Member] \| Year 3 [Member] \| Stock Options [Member]
Equity Incentive Plans [Abstract]
Vesting percentage			25.00%
2025 Plan [Member] \| Year 4 [Member] \| Stock Options [Member]
Equity Incentive Plans [Abstract]
Vesting percentage			25.00%

Leases - Other Information Related to Operating Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 02, 2025	Aug. 03, 2024
Other Information Related to Operating Leases [Abstract]
Cash paid for operating leases	$ 68,299	$ 57,080
Operating lease cost	66,184	55,292
Variable lease cost	9,731	8,062
Non-cash right-of-use assets obtained in exchange for lease obligations	$ 101,390	$ 33,113
Weighted-average remaining lease term	8 years 3 months 18 days	6 years 7 months 6 days
Weighted-average discount rate	4.50%	4.10%

Earnings per Common Share (Tables)

6 Months Ended

Aug. 02, 2025

Earnings per Common Share [Abstract]

Earnings per Common Share

The following table summarizes those effects for the diluted earnings per common share calculation:


	Thirteen weeks ended				Twenty-six weeks ended
		August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
	(in thousands, except per share amounts)				(in thousands, except per share amounts)
Net income	$	61,310	$	48,982	$	108,870	$	95,324
Weighted average number of common shares outstanding – Basic		61,340		61,313		61,342		61,347
Incremental shares from the assumed exercise of outstanding stock options and vesting of restricted stock units		456		408		464		384
Weighted average number of common shares outstanding - Diluted		61,796		61,721		61,806		61,731
Earnings per common share – Basic	$	1.00	$	0.80	$	1.77	$	1.55
Earnings per common share - Diluted	$	0.99	$	0.79	$	1.76	$	1.54

Equity Incentive Plans - Stock Option Activity (Details) - Stock Options [Member] - $ / shares	6 Months Ended
	Aug. 02, 2025
Equity Incentive Plans [Abstract]
Outstanding at beginning of period (in Shares)	783,663
Outstanding at beginning of period (in Dollars per share)	$ 61.85
Granted (in Shares)	99,718
Granted (in Dollars per share)	$ 111.16
Forfeited (in Shares)	(2,685)
Forfeited (in Dollars per share)	$ 59.76
Exercised (in Shares)	(147,624)
Exercised (in Dollars per share)	$ 63.14
Outstanding at end of period (in Shares)	733,072
Outstanding at end of period (in Dollars per share)	$ 68.31
Outstanding at end of period	6 years 10 months 24 days
Exercisable at end of period (in Shares)	393,724
Exercisable at end of period (in Dollars per share)	$ 62
Exercisable at end of period	5 years 7 months 6 days

Debt Obligations and Financing Arrangements	6 Months Ended
Debt Obligations and Financing Arrangements	Aug. 02, 2025
Debt Obligations and Financing Arrangements [Abstract]
Debt Obligations and Financing Arrangements	(7) Debt Obligations and Financing Arrangements Long-term debt consists of finance leases. The Company’s credit facility (the “Credit Facility”) provides for a five-year $100.0 million revolving credit facility, which includes a $45.0 million sub-facility for letters of credit and a $25.0 million sub-facility for swingline loans (the “Revolving Credit Facility”). In addition, the Company may at any time add term loan facilities or additional revolving commitments up to $150.0 million pursuant to terms and conditions set out in the Credit Facility. On January 9, 2024, the Company refinanced its credit facility (the “Credit Facility”), pursuant to which the maturity date for any loans under the revolving credit facility was extended for a period of five years from the effective date of January 9, 2024 and a zero percent (0.0%) interest rate floor was added to the option for the SOFR Loan Rate (as defined in the Amendment). Loans under the Revolving Credit Facility mature on January 9, 2029. As a result of the anticipated discontinuation of LIBOR in 2023, on January 24, 2023, the Company amended its Credit Facility to replace the LIBOR-based interest rates included therein with SOFR-based interest rates and to modify the provisions for determining an alternative rate of interest upon the occurrence of certain events relating to the availability of interest rate benchmarks. The interest rates for the Credit Facility are calculated as follows: for ABR Loans, the highest of the Prime Rate, the Federal Funds Effective Rate plus 0.50% and Term SOFR with a term of one-month in effect on such day plus the SOFR Spread Adjustment plus 1.0%, plus the Applicable Margin, or, for SOFR Loans, the SOFR Loan Rate plus the Applicable Margin plus the SOFR Spread Adjustment. The Applicable Margin will vary from 0.00% to 0.50% for an ABR Loan and 1.00% to 1.50% for a SOFR Loan, based on availability under the Credit Facility. The SOFR Loan Rate is subject to a 0% floor. Under the terms of the Revolving Credit Facility, as of August 2, 2025, the Company could borrow up to 90.0% of the most recent appraised value (valued at cost, discounted for the current net orderly liquidation value) of its eligible inventory, as defined, up to $100.0 million. As of August 2, 2025, the Company had no outstanding borrowings under the Revolving Credit Facility, with $90.4 million of borrowing availability, outstanding letters of credit commitments of $9.4 million and $0.2 million of rent reserves. The Revolving Credit Facility also contains a variable unused line fee ranging from 0.125% to 0.250% per annum. The Credit Facility is collateralized by the Company’s assets and equity and contains a financial covenant, as well as certain business covenants, including restrictions on dividend payments, which the Company must comply with during the term of the agreement. The financial covenant is a consolidated fixed charge coverage ratio test of at least 1.0 to 1.0 applicable during a covenant period, based on reference to availability. The Company was in compliance with all terms of the Credit Facility during the twenty-six weeks ended August 2, 2025. The provisions of the Credit Facility restrict all of the net assets of the Company’s consolidated subsidiaries, which constitutes all of the net assets on the Company’s consolidated balance sheet as of August 2, 2025, from being used to pay any dividends or make other restricted payments to the Company without prior written consent from the financial institutions that are a party to the Credit Facility, subject to material exceptions including pro forma compliance with the applicable conditions described in the Credit Facility.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Cover - shares	6 Months Ended
Cover - shares	Aug. 02, 2025	Aug. 28, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Aug. 02, 2025
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Information [Line Items]
Entity Registrant Name	Ollie’s Bargain Outlet Holdings, Inc.
Entity Central Index Key	0001639300
Entity File Number	001-37501
Entity Tax Identification Number	80-0848819
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--01-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
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
Entity Phone Fax Numbers [Line Items]
City Area Code	717
Local Phone Number	657-2300
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	OLLI
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		61,310,152

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Aug. 02, 2025	Aug. 03, 2024	Aug. 02, 2025	Aug. 03, 2024
Pay vs Performance Disclosure
Net Income (Loss)	$ 61,310	$ 48,982	$ 108,870	$ 95,324

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance at Feb. 03, 2024	$ 67	$ (354,745)	$ 694,959	$ 1,167,951	$ 1,508,232
Beginning balance (in Shares) at Feb. 03, 2024	66,927
Treasury stock, common shares (in Shares) at Feb. 03, 2024		(5,473)
Stock-based compensation expense	$ 0	$ 0	6,801	0	6,801
Proceeds from stock options exercised	$ 0	$ 0	14,720	0	14,720
Proceeds from stock options exercised (in Shares)	277	0
Vesting of restricted stock	$ 0	$ 0	0	0	0
Vesting of restricted stock (in Shares)	116	0
Common shares withheld for taxes	$ 0	$ 0	(2,971)	0	(2,971)
Common shares withheld for taxes (in Shares)	(38)	0
Shares repurchased	$ 0	$ (31,435)	0	0	(31,435)
Shares repurchased (in Shares)	0	(418)
Net income	$ 0	$ 0	0	95,324	95,324
Ending balance at Aug. 03, 2024	$ 67	$ (386,180)	713,509	1,263,275	$ 1,590,671
Ending balance (in Shares) at Aug. 03, 2024	67,282
Treasury stock, common shares (in Shares) at Aug. 03, 2024		(5,891)			5,891
Beginning balance at May. 04, 2024	$ 67	$ (379,752)	697,816	1,214,293	$ 1,532,424
Beginning balance (in Shares) at May. 04, 2024	67,069
Treasury stock, common shares (in Shares) at May. 04, 2024		(5,810)
Stock-based compensation expense	$ 0	$ 0	3,652	0	3,652
Proceeds from stock options exercised	$ 0	$ 0	12,172	0	12,172
Proceeds from stock options exercised (in Shares)	211	0
Vesting of restricted stock	$ 0	$ 0	0	0	0
Vesting of restricted stock (in Shares)	4	0
Common shares withheld for taxes	$ 0	$ 0	(131)	0	(131)
Common shares withheld for taxes (in Shares)	(2)	0
Shares repurchased	$ 0	$ (6,428)	0	0	(6,428)
Shares repurchased (in Shares)	0	(81)
Net income	$ 0	$ 0	0	48,982	48,982
Ending balance at Aug. 03, 2024	$ 67	$ (386,180)	713,509	1,263,275	$ 1,590,671
Ending balance (in Shares) at Aug. 03, 2024	67,282
Treasury stock, common shares (in Shares) at Aug. 03, 2024		(5,891)			5,891
Beginning balance at Feb. 01, 2025	$ 67	$ (407,754)	735,284	1,367,713	$ 1,695,310
Beginning balance (in Shares) at Feb. 01, 2025	67,462
Treasury stock, common shares (in Shares) at Feb. 01, 2025		(6,113)			6,113
Stock-based compensation expense	$ 0	$ 0	6,524	0	$ 6,524
Proceeds from stock options exercised	$ 0	$ 0	9,335	0	9,335
Proceeds from stock options exercised (in Shares)	145	0
Vesting of restricted stock	$ 1	$ 0	0	0	1
Vesting of restricted stock (in Shares)	143	0
Common shares withheld for taxes	$ 0	$ 0	(5,507)	0	(5,507)
Common shares withheld for taxes (in Shares)	(50)	0
Shares repurchased	$ 0	$ (28,623)	0	0	(28,623)
Shares repurchased (in Shares)	0	(258)
Net income	$ 0	$ 0	0	108,870	108,870
Ending balance at Aug. 02, 2025	$ 68	$ (436,377)	745,636	1,476,583	$ 1,785,910
Ending balance (in Shares) at Aug. 02, 2025	67,700
Treasury stock, common shares (in Shares) at Aug. 02, 2025		(6,371)			6,371
Beginning balance at May. 03, 2025	$ 68	$ (424,861)	739,333	1,415,273	$ 1,729,813
Beginning balance (in Shares) at May. 03, 2025	67,650
Treasury stock, common shares (in Shares) at May. 03, 2025		(6,273)
Stock-based compensation expense	$ 0	$ 0	3,360	0	3,360
Proceeds from stock options exercised	$ 0	$ 0	3,180	0	3,180
Proceeds from stock options exercised (in Shares)	47	0
Vesting of restricted stock	$ 0	$ 0	0	0	0
Vesting of restricted stock (in Shares)	5	0
Common shares withheld for taxes	$ 0	$ 0	(237)	0	(237)
Common shares withheld for taxes (in Shares)	(2)	0
Shares repurchased	$ 0	$ (11,516)	0	0	(11,516)
Shares repurchased (in Shares)	0	(98)
Net income	$ 0	$ 0	0	61,310	61,310
Ending balance at Aug. 02, 2025	$ 68	$ (436,377)	$ 745,636	$ 1,476,583	$ 1,785,910
Ending balance (in Shares) at Aug. 02, 2025	67,700
Treasury stock, common shares (in Shares) at Aug. 02, 2025		(6,371)			6,371

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Aug. 02, 2025

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Investment Securities Classified as Held-to-Maturity



	As of August 2, 2025
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
		(in thousands)
Short-term:
Treasury Bonds	$	47,008	$	5,945	$	(5,936	)	$	47,017
Municipal Bonds		14,913		37		(29	)		14,921
Corporate Bonds		23,972		53		(270	)		23,755
Total	$	85,893	$	6,035	$	(6,235	)	$	85,693
Long-term:
Municipal Bonds	$	20,131	$	-	$	(149	)	$	19,982
Corporate Bonds		123,075		199		(279	)		122,995
Total	$	143,206	$	199	$	(428	)	$	142,977



	As of February 1, 2025
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
		(in thousands)
Short-term:
Treasury Bonds	$	141,324	$	48	$	(7	)	$	141,365
Municipal Bonds		28,028		2		(131	)		27,899
Corporate Bonds		54,194		321		(174	)		54,341
Total	$	223,546	$	371	$	(312	)	$	223,605



	As of August 3, 2024
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
		(in thousands)
Short-term:
Treasury Bonds	$	104,762	$	35	$	(48	)	$	104,749
Municipal Bonds		27,515		-		(398	)		27,117
Corporate Bonds		50,267		101		(47	)		50,321
Total	$	182,544	$	136	$	(493	)	$	182,187

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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+ Details

Income Taxes	6 Months Ended
Income Taxes	Aug. 02, 2025
Income Taxes [Abstract]
Income Taxes	(8) Income Taxes The effective income tax rates for the thirteen weeks ended August 2, 2025 and August 3, 2024 were 24.8% and 24.3%, respectively. The change in the effective tax rate was driven by the impact of higher non-deductible compensation as well as lower discrete items recognized, primarily excess tax benefits related to stock-based compensation. The effective income tax rates for the twenty-six weeks ended August 2, 2025 and August 3, 2024 were 23.6% and 24.0%, respectively. The change in the effective tax rate was driven by the impact of discrete tax items recognized, primarily excess tax benefits related to stock-based compensation, partially offset by the impact of higher non-deductible compensation. On July 4, 2025, the U.S. federal government enacted the “One Big Beautiful Bill Act” resulting in significant changes to the federal tax code, most notably the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act of 2017 and the restoration of favorable tax treatment for certain business provisions. The Company is subject to tax in the United States. The Company files a consolidated U.S. income tax return for federal income tax purposes. The Company is no longer subject to income tax examinations by U.S. federal, state and local tax authorities for tax years 2020 and prior. Management believes that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues arise as a result of a tax audit and are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

Leases (Tables)

6 Months Ended

Aug. 02, 2025

Leases [Abstract]

Maturity of Operating Lease Liabilities

The following table summarizes the maturity of the Company’s operating lease liabilities by fiscal year as of August 2, 2025:


		August 2, 2025
		(in thousands)
Remainder of 2025	$	50,897
2026		134,805
2027		123,975
2028		108,628
2029		87,934
Thereafter		306,026
Total undiscounted lease payments (1)		812,265
Less: Imputed interest		(148,119	)
Total lease obligations		664,146
Less: Current obligations under leases		(103,122	)
Long-term lease obligations	$	561,024

(1) Lease obligations exclude $40.8 million of minimum lease payments for leases signed but not commenced.

Other Information Related to Operating Leases

The following table summarizes other information related to the Company’s operating leases as of and for the respective periods:



	Twenty-six weeks ended
		August 2, 2025			August 3, 2024
		(dollars in thousands)
Cash paid for operating leases	$	68,299		$	57,080
Operating lease cost		66,184			55,292
Variable lease cost		9,731			8,062
Non-cash right-of-use assets obtained in exchange for lease obligations		101,390			33,113
Weighted-average remaining lease term		8.3 years			6.6 years
Weighted-average discount rate		4.5	%		4.1	%