Core Insights - The investment approach focuses on identifying businesses with potential for long-term growth and significant terminal value generation [1] - Emphasis is placed on understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The goal is to generate long-term free cash flow and create shareholder value through fundamental research in sectors with strong secular tailwinds [1] Investment Philosophy - The investor is self-educated and has been active in the investment field for 10 years, currently managing personal funds sourced from friends and family [1] - The motivation for sharing insights on platforms like Seeking Alpha is to provide valuable analysis and receive feedback from other investors [1] - The focus is on helping readers understand the drivers of long-term equity value and ensuring that analysis is both analytical and accessible [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 2, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Ollie's Bargain Outlet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-37501 80-0848819 (Commission File Number) (IRS Em ...

Core Viewpoint - Investors are seeking growth stocks that demonstrate above-average growth potential, with Ollie's Bargain Outlet identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][9]. Group 1: Earnings Growth - Ollie's Bargain Outlet has a historical EPS growth rate of 5.5%, but projected EPS growth for this year is expected to be 15.2%, significantly higher than the industry average of 2.7% [4]. - Double-digit earnings growth is preferred by growth investors as it indicates strong future prospects and potential stock price gains [3]. Group 2: Cash Flow Growth - The company currently exhibits a year-over-year cash flow growth of 14.3%, which surpasses the industry average of 0.5% [5]. - Over the past 3-5 years, Ollie's Bargain Outlet has maintained an annualized cash flow growth rate of 10.9%, compared to the industry average of 4.6% [6]. Group 3: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Ollie's Bargain Outlet, with the current-year earnings estimates increasing by 1.8% over the past month [7]. - A positive trend in earnings estimate revisions is correlated with near-term stock price movements, making it a significant factor for investors [7]. Group 4: Overall Assessment - Ollie's Bargain Outlet has achieved a Growth Score of B and a Zacks Rank of 2, indicating it is a solid choice for growth investors and a potential outperformer [9].

Core Viewpoint - Ollie's Bargain Outlet (OLLI) has emerged as a significant exception in a challenging year for many retailers, achieving a remarkable 46% gain [1] Company Summary - Ollie's operates as an "extreme value" retailer, purchasing branded products from retailers or suppliers at discounted prices [1]

Core Insights - Ollie's Bargain Outlet Holdings, Inc. (OLLI) reported strong second-quarter fiscal 2025 results, with both revenue and earnings exceeding expectations and showing year-over-year improvement [1][9] - The company's value-driven model is resonating well with consumers, particularly in a challenging retail environment, leading to an increase in full-year guidance [1][14] Quarterly Performance - Adjusted earnings were reported at $0.99 per share, surpassing the Zacks Consensus Estimate of $0.91, and improving from $0.78 per share in the same quarter last year [2] - Net sales increased by 17.5% year over year to $679.6 million, driven by new store openings and a 5% rise in comparable store sales, exceeding the Zacks Consensus Estimate of $663 million [3] Margin Analysis - Gross profit rose by 23.9% to $271.3 million, with gross margin expanding by 200 basis points to 39.9%, benefiting from lower supply-chain costs [4] - Operating income grew by 26.7% to $77 million, with operating margin improving by 80 basis points to 11.3% [5] Store Expansion and Customer Engagement - Ollie's Bargain opened 29 new stores during the quarter, bringing the total to 613 stores across 34 states, reflecting a 16.8% year-over-year growth [6] - The Ollie's Army loyalty program grew by 10.6% to 16.1 million members, indicating strong consumer engagement [6] Financial Snapshot - The company ended the quarter with $460.3 million in total cash and investments, marking a 30.3% year-over-year increase, and remains debt-light [7] - Capital expenditures were $26.4 million, with $11.5 million worth of stock repurchased, demonstrating commitment to shareholder returns [7] Full-Year Outlook - Management raised the full-year guidance, projecting net sales in the range of $2,631-$2,644 million, up from $2,579-$2,599 million [10] - Comparable store sales growth is now forecasted at 3-3.5%, an increase from the previous estimate of 1.4-2.2% [10] Future Expectations - For the third quarter, comparable store sales growth is projected at around 3%, above the long-term algorithm of 1-2% [13] - The company plans to open most of its remaining new stores in the third quarter, which is expected to provide additional sales support [13]

Ollie's Bargain Outlet (OLLI) Q2 2026 Earnings Call August 28, 2025 08:30 AM ET Company ParticipantsEric van der Valk - President, CEO & DirectorRobert Helm - EVP & CFOChuck Grom - Managing DirectorBrad Thomas - Associate Director - ResearchSteven Zaccone - Director & Equity Research - Hardlines RetailKate McShane - Managing DirectorSteven Shemesh - Director - Equity ResearchMark Carden - Director - Equity ResearchLauren Ng - Equity Research AssociateEdward Kelly - MD - Equity ResearchConference Call Partic ...

Financial Data and Key Metrics Changes - The company reported a net sales increase of 18% to $680 million, driven by new store openings and comparable store sales growth [15] - Adjusted earnings per share increased by 26.9% to $0.99 for the quarter, with adjusted net income reaching $61 million [18] - Adjusted EBITDA rose by 26% to $94 million, with an adjusted EBITDA margin of 13.8% for the quarter [18] Business Line Data and Key Metrics Changes - The company opened 29 new stores in Q2, bringing the total to 613 stores, a 17% year-over-year increase [14] - Comparable store sales increased by 5%, driven by an increase in transactions, with strong demand for consumer staples and seasonal items [15] - The top five performing categories included Lawn and Garden, Hardware, Food, Housewares, and Domestics [15] Market Data and Key Metrics Changes - The company has seen a 10.6% increase in Ollie's Army members, reaching 16.1 million, with members spending over 40% more per visit than non-members [9][15] - The company is capitalizing on market share opportunities due to retail bankruptcies and store closures, which have provided additional buying opportunities [6][30] Company Strategy and Development Direction - The company is committed to profitable growth and plans to open 85 new stores in total for the year, raising its new store target [8][21] - The Ollie's Army loyalty program is a key focus, with enhancements aimed at customer acquisition and retention [13][39] - The company aims for double-digit annual unit growth moving forward, leveraging a flexible store model adaptable to various geographies and demographics [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business momentum, raising the sales and earnings outlook for the fiscal year [13][20] - The company anticipates continued strong deal flow due to market disruptions from tariffs and retail bankruptcies, which are beneficial for its business model [28][30] - Management noted that the current economic environment presents unique opportunities for market share expansion [22] Other Important Information - The company celebrated its 43rd anniversary and its 10-year anniversary as a public company, highlighting its strong performance as a retail IPO [10][11] - The balance sheet remains strong, with total cash and investments increasing by 30% to $460 million and no meaningful long-term debt [19] Q&A Session Summary Question: Can you elaborate on the improving cadence of comp as the second quarter progressed? - Management noted that May was flat, June began to accelerate, and July was the strongest month of the quarter [32] Question: How did the Ollie's Army Night compare to traditional events? - The revamped Ollie's Army Night exceeded expectations, driving record customer engagement and acquisition, with sales surpassing previous events [36][39] Question: What are the opportunities for gross margins over the next couple of years? - Management indicated that while they are guiding for gross margins above 40%, they are cautious about long-term projections and plan to maintain flexibility in pricing [49][116] Question: How are new stores performing compared to prior cohorts? - New stores are performing above plan, with strong payback periods consistent with historical performance [62] Question: What is the impact of tariffs on product sourcing? - Management stated they are price followers and will adjust sourcing strategies to maintain value propositions despite tariff impacts [118] Question: How is the customer acquisition from former Big Lots stores? - The company is seeing accelerated acquisition in new stores, with many customers expressing familiarity with the deep discount model [105]

[Second Quarter Fiscal 2025 Results Overview](index=1&type=section&id=Second%20Quarter%20Fiscal%202025%20Results%20Overview) Ollie's Bargain Outlet Holdings, Inc. reported strong Q2 FY2025 results, exceeding sales and earnings expectations, and raising its full-year outlook, driven by improved execution and positive consumer response [Executive Summary & CEO Commentary](index=1&type=section&id=1.1%20Executive%20Summary%20%26%20CEO%20Commentary) Ollie's Bargain Outlet Holdings, Inc. reported strong Q2 FY2025 results, exceeding sales and earnings, and raising its full-year outlook, driven by improved execution and positive consumer response - The company reported strong Q2 FY2025 performance, with new store openings, total sales, comparable store sales, and profitability all exceeding expectations, leading to an upward revision of the full-year outlook[1](index=1&type=chunk)[3](index=3&type=chunk) - CEO Eric van der Valk stated that improved internal planning, coordination, and execution elevated business performance, with positive consumer response to the merchandise mix, especially in consumables and seasonal categories, and notable growth in Ollie's Army membership[3](index=3&type=chunk) Key Financial Metrics for Q2 Fiscal 2025 (Year-over-Year Change) | Metric | Thirteen Weeks Ended August 2, 2025 (in thousands) | Thirteen Weeks Ended August 3, 2024 (in thousands) | Year-over-Year Change | | :-------------------------------- | :------------------- | :------------------- | :------- | | Net Sales | $679,556 | $578,375 | 17.5% | | Comparable Store Sales Change | 5.0% | 5.8% | -0.8% | | Net Income | $61,310 | $48,982 | 25.2% | | Diluted Net Income Per Share | $0.99 | $0.79 | 25.3% | | Adjusted Diluted Net Income Per Share | $0.99 | $0.78 | 26.9% | | Adjusted EBITDA | $93,786 | $74,450 | 26.0% | | Adjusted EBITDA as a Percentage of Net Sales | 13.8% | 12.9% | +0.9% | | New Store Openings | 29 | 9 | +20 | | Store Count Year-over-Year Growth | 16.8% | 8.9% | +7.9% | [Second Quarter Fiscal 2025 Key Highlights](index=2&type=section&id=1.2%20Second%20Quarter%20Fiscal%202025%20Key%20Highlights) Q2 FY2025 saw significant store expansion, loyalty member growth, and increased net and comparable store sales, with improved gross margin offset by higher SG&A and pre-opening expenses - **29 new stores** opened, bringing the total to **613 stores** across 34 states by quarter-end, representing **16.8% year-over-year growth**[4](index=4&type=chunk) - Ollie's Army loyalty membership grew by **10.6%** to **16.1 million members**[4](index=4&type=chunk) - Net sales increased by **17.5%** to **$679.6 million**, driven primarily by new store growth and higher comparable store sales[4](index=4&type=chunk) - Comparable store sales grew by **5.0%**, primarily driven by increased transaction volume[4](index=4&type=chunk) - Gross margin improved by **200 basis points** to **39.9%**, mainly due to lower supply chain costs and higher merchandise margins[4](index=4&type=chunk) - Selling, General, and Administrative (SG&A) expenses as a percentage of net sales increased by **60 basis points** to **25.8%**, primarily due to higher medical and casualty claims and a slight increase in store labor expenses[4](index=4&type=chunk) - Pre-opening expenses increased by **$4.4 million** to **$9.0 million**, driven by new store growth and **$2.3 million** in vacant rent expenses related to former Big Lots stores acquired through bankruptcy auctions[4](index=4&type=chunk) - Operating margin improved by **80 basis points** to **11.3%**[4](index=4&type=chunk) - Adjusted diluted net income per share increased by **26.9%** to **$0.99**[4](index=4&type=chunk) - Adjusted EBITDA grew by **26.0%** to **$93.8 million**, with adjusted EBITDA margin improving by **90 basis points** to **13.8%**[4](index=4&type=chunk) - Total cash and investments increased by **30.3%** (**$107.1 million**) to **$460.3 million**, comprising **$231.2 million** in cash and cash equivalents, **$85.9 million** in short-term investments, and **$143.2 million** in long-term investments[4](index=4&type=chunk) [Fiscal 2025 Outlook](index=3&type=section&id=Fiscal%202025%20Outlook) The company raised its FY2025 sales and earnings outlook, projecting higher new store openings, net sales, comparable store sales growth, gross margin, operating income, and adjusted diluted EPS [Fiscal 2025 Outlook Details](index=3&type=section&id=2.1%20Fiscal%202025%20Outlook%20Details) The company raised its FY2025 sales and earnings outlook, projecting higher new store openings, net sales, comparable store sales growth, gross margin, operating income, and adjusted diluted EPS Fiscal 2025 Outlook Comparison | Metric | Current Outlook | Previous Outlook | | :-------------------------------- | :------------------- | :------------------- | | New Store Openings | 85 | 75 | | Net Sales | $2.631 billion to $2.644 billion | $2.579 billion to $2.599 billion | | Comparable Store Sales Growth | 3.0% to 3.5% | 1.4% to 2.2% | | Gross Margin | 40.3% | 40.0% | | Operating Income | $292 million to $298 million | $283 million to $292 million | | Adjusted Net Income | $233 million to $237 million | $225 million to $232 million | | Adjusted Diluted Net Income Per Share | $3.76 to $3.84 | $3.65 to $3.75 | | Annual Effective Tax Rate | Approximately 25% | Approximately 25% | | Diluted Weighted Average Shares Outstanding | Approximately 62 million | Approximately 62 million | | Capital Expenditures | $83 million to $88 million | $83 million to $88 million | - The outlook includes approximately **$5.0 million** in vacant rent expenses, or **$0.06** per adjusted diluted share, related to opening stores acquired through bankruptcy proceedings[6](index=6&type=chunk) - The outlook includes approximately **$18.0 million** in interest income, assuming potential interest rate reductions in fiscal 2025[7](index=7&type=chunk) [Company Information & Disclosures](index=3&type=section&id=Company%20Information%20%26%20Disclosures) This section provides details on the Q2 FY2025 conference call, an overview of Ollie's business model, explanations of non-GAAP financial measures, forward-looking statements, and investor and media contacts [Conference Call Information](index=3&type=section&id=3.1%20Conference%20Call%20Information) A conference call was held on August 28, 2025, to discuss Q2 FY2025 financial results, with access available via pre-registration or the company's investor relations website - The Q2 Fiscal 2025 financial results conference call was held on **August 28, 2025, at 8:30 AM ET**[8](index=8&type=chunk) - Investors can access the live webcast or replay via pre-registration or by visiting the company's investor relations website at **https://investors.ollies.com/**[8](index=8&type=chunk) [About Ollie's](index=3&type=section&id=3.2%20About%20Ollie%27s) Ollie's is a leading discount retailer of brand-name closeout merchandise, offering "Real Brands! Real Bargains!" at significant discounts across 613 stores in 34 states - Ollie's is a leading discount retailer of brand-name closeout merchandise, founded in **1982** with the mission to sell "Good Stuff Cheap®"[9](index=9&type=chunk) - The company focuses on sourcing closeout and excess inventory from global suppliers and manufacturers through a flexible purchasing model[9](index=9&type=chunk) - Stores offer a treasure hunt shopping experience with "Real Brands! Real Bargains!®" at prices up to **70% below** traditional retailers[9](index=9&type=chunk) - As of **August 2, 2025**, the company operated **613 stores** across **34 states**[9](index=9&type=chunk) [Non-GAAP Financial Measures Explanation](index=3&type=section&id=3.3%20Non-GAAP%20Financial%20Measures%20Explanation) The company reports both GAAP and adjusted non-GAAP financial results, believing non-GAAP metrics provide a clearer comparison of core business performance by excluding non-core items - The company reports results on both GAAP and adjusted non-GAAP bases, with non-GAAP metrics including adjusted net income, adjusted diluted net income per share, and adjusted operating income[10](index=10&type=chunk) - The company believes that income and expense items excluded from non-GAAP adjustments do not reflect core business performance, and supplementary disclosure aids investors in comparing core business performance[10](index=10&type=chunk) - Refer to the "Reconciliation of GAAP to Non-GAAP Financial Measures" included in the press release for non-GAAP operating adjustments for the thirteen and twenty-six weeks ended August 2, 2025, and August 3, 2024[11](index=11&type=chunk) [Forward-Looking Statements](index=4&type=section&id=3.4%20Forward-Looking%20Statements) This press release contains forward-looking statements regarding industry trends, operations, and financial outlook, subject to risks and uncertainties under the Private Securities Litigation Reform Act of 1995 - The press release contains forward-looking statements concerning industry trends, value creation, customer trends, new stores, distribution centers, and financial outlook data including new store openings, net sales, comparable store sales, gross margin, SG&A, operating income, net income, adjusted net income, adjusted diluted net income per share, effective tax rate, diluted weighted average shares outstanding, and capital expenditures[12](index=12&type=chunk) - All forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be affected by certain risks and uncertainties, any one or combination of which could materially affect the company's operating results[12](index=12&type=chunk) - Readers are cautioned not to place undue reliance on these forward-looking statements, and the company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, unless required by law[12](index=12&type=chunk) [Investor and Media Contacts](index=4&type=section&id=3.5%20Investor%20and%20Media%20Contacts) This section provides essential contact information for investor relations and media inquiries - Investor Contact: John Rouleau, Managing Director, Corporate Communications & Business Development, Email: **JRouleau@ollies.us**[13](index=13&type=chunk) - Media Contact: Tom Kuypers, Senior Vice President, Marketing & Advertising, Phone: **717-657-2300**, Email: **tkuypers@ollies.us**[13](index=13&type=chunk) [Condensed Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Condensed%20Consolidated%20Financial%20Statements%20%28Unaudited%29) This section presents the condensed consolidated statements of income, balance sheets, and cash flows for the specified periods, providing a comprehensive overview of the company's financial position and performance [Condensed Consolidated Statements of Income](index=5&type=section&id=4.1%20Condensed%20Consolidated%20Statements%20of%20Income) This section presents the condensed consolidated statements of income for the thirteen and twenty-six weeks ended August 2, 2025, and August 3, 2024, detailing key revenue and expense items Condensed Consolidated Statements of Income (Unaudited) | (in thousands, except per share amounts) | Thirteen Weeks Ended August 2, 2025 | Thirteen Weeks Ended August 3, 2024 | Twenty-Six Weeks Ended August 2, 2025 | Twenty-Six Weeks Ended August 3, 2024 | | :-------------------------------- | :------------------- | :------------------- | :------------------- | :------------------- | | Net Sales | $679,556 | $578,375 | $1,256,323 | $1,087,193 | | Cost of Sales | 408,218 | 359,344 | 747,954 | 658,804 | | Gross Profit | 271,338 | 219,031 | 508,369 | 428,389 | | Selling, General and Administrative Expenses | 175,476 | 145,673 | 340,308 | 288,092 | | Depreciation and Amortization Expense | 9,916 | 8,004 | 19,273 | 15,720 | | Pre-opening Expenses | 8,972 | 4,595 | 15,628 | 7,321 | | Operating Income | 76,974 | 60,759 | 133,160 | 117,256 | | Interest Income, Net | (4,534) | (3,928) | (9,322) | (8,229) | | Income Before Income Taxes | 81,508 | 64,687 | 142,482 | 125,485 | | Income Tax Expense | 20,198 | 15,705 | 33,612 | 30,161 | | Net Income | $61,310 | $48,982 | $108,870 | $95,324 | | Earnings Per Share of Common Stock: | | | | | | Basic | $1.00 | $0.80 | $1.77 | $1.55 | | Diluted | $0.99 | $0.79 | $1.76 | $1.54 | | As a Percentage of Net Sales: | | | | | | Net Sales | 100.0% | 100.0% | 100.0% | 100.0% | | Cost of Sales | 60.1 | 62.1 | 59.5 | 60.6 | | Gross Profit | 39.9 | 37.9 | 40.5 | 39.4 | | Selling, General and Administrative Expenses | 25.8 | 25.2 | 27.1 | 26.5 | | Depreciation and Amortization Expense | 1.5 | 1.4 | 1.5 | 1.4 | | Pre-opening Expenses | 1.3 | 0.8 | 1.2 | 0.7 | | Operating Income | 11.3 | 10.5 | 10.6 | 10.8 | | Interest Income, Net | (0.7) | (0.7) | (0.7) | (0.8) | | Income Before Income Taxes | 12.0 | 11.2 | 11.3 | 11.6 | | Income Tax Expense | 3.0 | 2.7 | 2.7 | 2.8 | | Net Income | 9.0% | 8.5% | 8.7% | 8.8% | [Condensed Consolidated Balance Sheets](index=6&type=section&id=4.2%20Condensed%20Consolidated%20Balance%20Sheets) This section presents the condensed consolidated balance sheets as of August 2, 2025, and August 3, 2024, detailing the company's assets, liabilities, and stockholders' equity Condensed Consolidated Balance Sheets (Unaudited) | (in thousands) | August 2, 2025 | August 3, 2024 | | :-------------------------------- | :------------------- | :------------------- | | **Assets** | | | | **Current Assets:** | | | | Cash and Cash Equivalents | $231,163 | $170,600 | | Short-term Investments | 85,893 | 182,544 | | Inventory | 637,236 | 531,286 | | Accounts Receivable | 1,810 | 1,187 | | Prepaid Expenses and Other Current Assets | 11,716 | 9,813 | | **Total Current Assets** | **967,818** | **895,430** | | Property and Equipment, Net | 360,836 | 307,163 | | Operating Lease Right-of-Use Assets | 652,341 | 494,169 | | Goodwill | 444,850 | 444,850 | | Trade Names | 230,559 | 230,559 | | Long-term Investments | 143,206 | - | | Other Assets | 2,242 | 2,122 | | **Total Assets** | **$2,801,852** | **$2,374,293** | | **Liabilities and Stockholders' Equity** | | | | **Current Liabilities:** | | | | Current Portion of Long-term Debt | $518 | $589 | | Accounts Payable | 165,629 | 129,824 | | Income Taxes Payable | 129 | - | | Current Portion of Operating Lease Liabilities | 103,122 | 87,476 | | Accrued Expenses and Other Current Liabilities | 98,968 | 79,952 | | **Total Current Liabilities** | **368,366** | **297,841** | | Long-term Debt | 912 | 984 | | Deferred Income Taxes | 85,640 | 72,803 | | Long-term Portion of Operating Lease Liabilities | 561,024 | 411,994 | | **Total Liabilities** | **1,015,942** | **783,622** | | **Stockholders' Equity:** | | | | Common Stock | 68 | 67 | | Additional Paid-in Capital | 745,636 | 713,509 | | Retained Earnings | 1,476,583 | 1,263,275 | | Treasury Stock - Common Stock | (436,377) | (386,180) | | **Total Stockholders' Equity** | **1,785,910** | **1,590,671** | | **Total Liabilities and Stockholders' Equity** | **$2,801,852** | **$2,374,293** | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=4.3%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section presents the condensed consolidated statements of cash flows for the thirteen and twenty-six weeks ended August 2, 2025, and August 3, 2024, detailing cash flows from all activities Condensed Consolidated Statements of Cash Flows (Unaudited) | (in thousands) | Thirteen Weeks Ended August 2, 2025 | Thirteen Weeks Ended August 3, 2024 | Twenty-Six Weeks Ended August 2, 2025 | Twenty-Six Weeks Ended August 3, 2024 | | :-------------------------------- | :------------------- | :------------------- | :------------------- | :------------------- | | Net Cash Provided by Operating Activities | $80,712 | $43,875 | $109,414 | $84,059 | | Net Cash Used in Investing Activities | (39,744) | (90,883) | (58,010) | (159,398) | | Net Cash (Used in) Provided by Financing Activities | (8,823) | 5,358 | (25,364) | (20,323) | | Net Increase (Decrease) in Cash and Cash Equivalents | 32,145 | (41,650) | 26,040 | (95,662) | | Cash and Cash Equivalents at Beginning of Period | 199,018 | 212,250 | 205,123 | 266,262 | | Cash and Cash Equivalents at End of Period | $231,163 | $170,600 | $231,163 | $170,600 | [Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)](index=7&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Financial%20Measures%20%28Unaudited%29) This section provides detailed reconciliation tables for GAAP to non-GAAP financial measures, including adjusted net income and adjusted EBITDA, for the specified reporting periods [Reconciliation Details](index=7&type=section&id=5.1%20Reconciliation%20Details) This section provides reconciliation tables for GAAP net income to adjusted net income and EBITDA to adjusted EBITDA, detailing adjustments for the thirteen and twenty-six weeks ended August 2, 2025, and August 3, 2024 Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) | (in thousands, except per share amounts) | Thirteen Weeks Ended August 2, 2025 | Thirteen Weeks Ended August 3, 2024 | Twenty-Six Weeks Ended August 2, 2025 | Twenty-Six Weeks Ended August 3, 2024 | | :-------------------------------- | :------------------- | :------------------- | :------------------- | :------------------- | | Net Income | $61,310 | $48,982 | $108,870 | $95,324 | | Excess Tax Benefit Related to Share-Based Compensation (1) | (425) | (756) | (1,912) | (1,888) | | **Adjusted Net Income** | **$60,885** | **$48,226** | **$106,958** | **$93,436** | | Diluted Net Income Per Share | $0.99 | $0.79 | $1.76 | $1.54 | | Adjustments Noted Above, Per Diluted Share: | | | | | | Excess Tax Benefit Related to Share-Based Compensation (1) | (0.01) | (0.01) | (0.03) | (0.03) | | **Adjusted Diluted Net Income Per Share** | **$0.99** | **$0.78** | **$1.73** | **$1.51** | | Diluted Weighted Average Common Shares Outstanding | 61,796 | 61,721 | 61,806 | 61,731 | | Net Income | $61,310 | $48,982 | $108,870 | $95,324 | | Interest Income, Net | (4,534) | (3,928) | (9,322) | (8,229) | | Depreciation and Amortization Expense | 13,452 | 10,039 | 26,261 | 19,824 | | Income Tax Expense | 20,198 | 15,705 | 33,612 | 30,161 | | **EBITDA** | **90,426** | **70,798** | **159,421** | **137,080** | | Non-Cash Share-Based Compensation Expense | 3,360 | 3,652 | 6,524 | 6,801 | | **Adjusted EBITDA** | **$93,786** | **$74,450** | **$165,945** | **$143,881** | - Amounts represent the impact of excess tax benefits recognized in accordance with Accounting Standards Update 2016-09, Share-Based Compensation[18](index=18&type=chunk) [Key Statistics (Unaudited)](index=8&type=section&id=Key%20Statistics%20%28Unaudited%29) This section presents key operational and financial statistics, including store count, sales performance, cash and investments, capital expenditures, and share repurchases for the specified period [Operational and Financial Statistics](index=8&type=section&id=6.1%20Operational%20and%20Financial%20Statistics) This section provides key operational and financial statistics for the thirteen weeks ended August 2, 2025, and August 3, 2024, including store count, sales performance, and capital allocation Key Statistics (Unaudited) | (in thousands) | Thirteen Weeks Ended August 2, 2025 | Thirteen Weeks Ended August 3, 2024 | | :-------------------------------- | :------------------- | :------------------- | | Stores at Beginning of Period | 584 | 516 | | New Store Openings | 29 | 9 | | Store Closures | - | - | | Stores at End of Period | 613 | 525 | | Store Count Year-over-Year Growth | 16.8% | 8.9% | | Comparable Store Sales Change | 5.0% | 5.8% | | Comparable Stores at End of Period | 510 | 475 | | Total Cash and Investments (1) | $460,262 | $353,144 | | Capital Expenditures | $26,416 | $38,289 | | Share Repurchases | $11,516 | $6,428 | - Total cash and investments include cash and cash equivalents, short-term investments, and long-term investments[19](index=19&type=chunk)

Core Insights - Ollie's Bargain Outlet Holdings, Inc. reported strong financial results for the second quarter of fiscal 2025, with net sales increasing by 17.5% year-over-year to $679.6 million and earnings per share rising by 25.0% to $0.99 [2][3][4] Financial Performance - Net sales for the quarter reached $679,556,000, up from $578,375,000, reflecting a year-over-year growth of 17.5% compared to 12.4% in the previous year [4][17] - Comparable store sales increased by 5.0%, driven by a rise in transactions [4][23] - Net income rose to $61,310,000, a 25.0% increase from $48,982,000 in the same quarter last year [4][17] - Adjusted EBITDA increased by 26.0% to $93,786,000, with an adjusted EBITDA margin of 13.8% [4][12] Operational Highlights - The company opened 29 new stores during the quarter, bringing the total to 613 stores across 34 states, marking a year-over-year growth of 16.8% [4][23] - Ollie's Army loyalty program saw a 10.6% increase in membership, reaching 16.1 million members [4][23] - Gross margin improved by 200 basis points to 39.9%, primarily due to lower supply chain costs and higher merchandise margins [4][12] Fiscal 2025 Outlook - The company raised its fiscal 2025 sales and earnings outlook, now projecting net sales of $2.644 billion, up from the previous estimate of $2.599 billion [6][7] - The expected number of store openings for fiscal 2025 has been increased to 85 from 75 [6][7] - The forecast for comparable store sales growth has been adjusted to 3.0% to 3.5%, up from 1.4% to 2.2% [6][7] Cash and Investments - Total cash and investments increased by 30.3% to $460.3 million, including cash and cash equivalents of $231.2 million [12][23] - Capital expenditures for the quarter were reported at $26,416,000, compared to $38,289,000 in the previous year [23]

The upcoming report from Ollie's Bargain Outlet (OLLI) is expected to reveal quarterly earnings of $0.91 per share, indicating an increase of 16.7% compared to the year-ago period. Analysts forecast revenues of $662.68 million, representing an increase of 14.6% year over year.The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ov ...