Ollie's Bargain Outlet authorizes additional $200M to repurchase stock

• Ollie's Bargain Outlet (NASDAQ:OLLI) has authorized an additional $200M to repurchase stock as part of its share buyback program, on December 15, 2023.
• The company invested $164.7M of cash to buyback 2,249,329 shares of its common stock in the third quarter of fiscal 2021. It has $33,000 of remaining capacity under its current share repurchase program, which expires on January 13, 2023.
• Ollie's Bargain Outlet shares have slumped 11.71% after-hour following its Q3 report