Business
Ollie’s Bargain Outlet Holdings, Inc. Announces Third Quarter Fiscal 2025 Results
Store Openings, Sales, and Earnings Ahead of Expectations Net Sales Increased 18.6% and Earnings Per Share Increased 29.3% 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 18.6% and Earnings Per Share Increased 29.3% Raising Fiscal 2025 Sales and Earnings Outlook HARRISBURG, Pa., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced financial results for the third quarter ended November 1, 2025. “Thanks to the extraordinary execution of our team, we delivered another strong performance in the third quarter. We opened a record number of stores, continued to accelerate membership growth of our Ollie’s Army loyalty program, widened our price gaps to the fancy stores, and delivered industry-leading sales growth, all while driving significant improvement on the bottom-line,” said Eric van der Valk, President and Chief Executive Officer. Mr. van der Valk continued, “WE ARE… primed and ready for the holiday season! Our expanded assortment of seasonal and gift items, along with our amazing deals of name brand household products, makes us THE holiday shopping destination. With the better than expected third quarter results and a very good start to the fourth quarter, we are raising our full-year sales and earnings outlook.” Thirteen weeks ended November 1, November 2, 2025 2024 (Dollars in thousands, except per share data) Net sales $ 613,619 $ 517,428 Yr/yr change 18.6% 7.8% Comparable store sales change (1) 3.3% -0.5% Net income $ 46,172 $ 35,884 Net income per diluted share $ 0.75 $ 0.58 Adjusted net income per diluted share $ 0.75 $ 0.58 Yr/yr change 29.3% 13.7% Adjusted EBITDA $ 72,884 $ 59,840 % of net sales 11.9% 11.6% Store openings 32 24 Store growth, yr/yr change 18.1% 8.1% (1) Calculated based on the comparable number of weeks from the prior year. Third Quarter Fiscal 2025 Highlights and Year-Over-Year Comparisons Opened a record 32 new stores and ended the quarter with a total of 645 stores in 34 states, an increase of 18.1% year-over-year. With these new store openings, the Company opened a record 86 new stores in fiscal 2025, exceeding its initial target of 75 new stores.Ollie’s Army loyalty members increased 11.8% to 16.6 million members.Net sales increased 18.6% to $613.6 million, driven by new store unit growth and an increase in comparable store sales.Comparable store sales increased 3.3%, driven by continued strength in transactions.Gross margin d...