🚨 OLLIE’S $OLLI JUST RAISED ITS BUYBACK TARGET TO NEARLY 4% OF ITS MARKET CAP
And it’s doing it while the $OLLI stock remains 44% below its 52-week high.
Ollie’s already repurchased $137.3M in H1, and its expected diluted share count has fallen from 60.9M to 60M.
That helps explain something unusual:
• Sales guidance went DOWN 1.9%.
• BUT adjusted EPS guidance went UP 2.4%.
• Gross-margin guidance also jumped from 40.7% to 41.3%.
The bull case is that management thinks the 44% collapse has made $OLLI stock cheap enough to start aggressively buying again.
The bear case is that buybacks, margin expansion, and tariff benefits are masking weak comparable sales.
Is $OLLI buying the dip of the year, or financially engineering its way around slowing growth?