Business
Ollie’s Bargain Outlet Holdings, Inc. Announces Second Quarter Fiscal 2025 Results
Store Openings, Sales, and Earnings Ahead of Expectations Net Sales Increased 17.5% and Earnings Per Share Increased 25.0% Raising Fiscal 2025 Sales and
About this update from Ollie's Bargain Outlet Holdings, Inc.
[{"type":"text","content":"Store Openings, Sales, and Earnings Ahead of Expectations Net Sales Increased 17.5% and Earnings Per Share Increased 25.0% Raising Fiscal 2025 Sales and Earnings Outlook HARRISBURG, Pa., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced financial results for the second quarter fiscal 2025 ended August 2, 2025. “We had a very strong second quarter and are operating with the wind in our sails,” said Eric van der Valk, President and Chief Executive Officer. “We are driving the business to new heights through improved planning, coordination, and execution across the organization. New store openings, total sales, comparable store sales, and earnings were all ahead of our expectations in the quarter and we are raising our full-year outlook across the board.” Mr. van der Valk continued, “Consumers responded to our compelling assortment of bargains, especially in our consumer staples and seasonal categories. Ollie’s Army growth was another bright spot in the quarter, headlined by an outstanding response to our reimagined Ollie’s Days event.” Thirteen weeks ended August 2, August 3, 2025 2024 (Dollars in thousands, except per share data) Net sales $679,556 $578,375 Yr/yr change 17.5% 12.4% Comparable store sales change(1) 5.0% 5.8% Net income $61,310 $48,982 Net income per diluted share $0.99 $0.79 Adjusted net income per diluted share $0.99 $0.78 Yr/yr change 26.9% 16.4% Adjusted EBITDA $93,786 $74,450 % of net sales 13.8% 12.9% Store openings 29 9 Store growth, yr/yr change 16.8% 8.9% (1)Calculated based on the comparable number of weeks from the prior year. Second Quarter Fiscal 2025 Highlights and Year-Over-Year Comparisons Opened 29 stores, ending the quarter with a total of 613 stores in 34 states, an increase of 16.8% year-over-year.Ollie’s Army loyalty members increased 10.6% to 16.1 million members.Net sales increased 17.5% to $679.6 million, driven by new store unit growth and an increase in comparable store sales.Comparable store sales increased 5.0%, driven by an increase in transactions.Gross margin increased 200 basis points to 39.9%. The increase was primarily driven by lower supply chain costs and higher merchandise margin.Selling, general, and administrative (“SG&A”) expenses as a percentage of net sales increased 60 basis points to 25.8%. The increase ...