(12)
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 year presented:

    Fiscal Year Ended
 
   
February 1,
   
February 3,
   
January 28,
 
   
2025
   
2024
   
2023
 
   
(in thousands)
 
Consumables (1)
 
$
726,344
   
31.9
%
 
$
635,820
     
30.3
%
 
$
515,173
   
28.2
%
Home (1)
   
635,871
   
28.0
%
   
614,729
     
29.2
%
   
579,720
   
31.7
%
Seasonal
   
435,471
   
19.2
%
   
393,563
     
18.7
%
   
325,148
   
17.8
%
Other
   
474,019
   
20.9
%
   
458,550
     
21.8
%
   
406,968
   
22.3
%
Total
  $
2,271,705     100.0 %   $
2,102,662       100.0 %   $
1,827,009     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 fiscal 2024, 2023, and 2022:

   
February 1,
   
February 3,
   
January 28,
 
   
2025
   
2024
   
2023
 
Net sales
  $
2,271,705
    $
2,102,662
    $
1,827,009
 
Cost of sales
   
1,357,253
     
1,270,297
     
1,170,915
 
Selling, general, and administrative expenses other
   
403,002
     
376,289
     
318,489
 
Occupancy
   
121,902
     
111,741
     
101,565
 
Advertising expenses(1)
   
68,057
     
62,405
     
60,564
 
Depreciation and amortization expenses(2)
   
33,224
     
27,819
     
22,907
 
Stock-based compensation expense
   
19,445
     
12,237
     
9,951
 
Pre-opening expenses
   
19,319
     
14,075
     
11,700
 
Interest income, net
   
(16,311
)
   
(14,686
)
   
(2,965
)
Income tax expense
   
66,052
     
61,046
     
31,093
 
Segment income
   
199,762
     
181,439
     
102,790
 
                         
Reconciliation of profit or loss:
                       
Adjustments and reconciling items
   
-
     
-
     
-
 
Consolidated net income
  $
199,762
    $
181,439
    $
102,790
 


(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.
Free Sentinel

Want the next Ollie's Bargain Outlet Holdings, Inc. segments disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment Ollie's Bargain Outlet Holdings, Inc.'s next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

Historical Timeline

Fiscal YearFiled
2025Mar 26, 2025Showing above
2023Mar 24, 2023
2021Mar 24, 2021

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.