Ollie's Bargain Outlet (OLLI) - 2025 Q4 - Annual Results

Sales Performance - Q4 net sales increased 2.8% to $667.1 million, with a comparable store sales increase of 2.8%[4] - Fiscal 2024 total net sales increased 8.0% to$ 2.272 billion, with a comparable store sales increase of 2.8%[10] - Net sales for the quarter ended February 1, 2025, were $667.1 million, an increase of 2.0% from$ 648.9 million for the same quarter in 2024[38] - Comparable store sales change for the quarter was 2.8%, compared to 3.9% in the same quarter of 2024[61] - Average net sales per store for the quarter ended February 1, 2025, was $1,200,000, down from$ 1,273,000 in the same quarter of 2024[61] Store Expansion - The company opened 13 new stores in Q4, ending the quarter with 559 stores, a 9.2% year-over-year increase[4] - The company plans to open 75 new stores in fiscal 2025, up from 50 in fiscal 2024[28] - The number of stores open at the end of the quarter was 559, an increase from 512 at the end of the same quarter in 2024[61] - The company opened 13 new stores in the quarter, compared to 7 new stores opened in the same quarter of 2024[61] Financial Performance - Net income for Q4 was $68.6 million, or$ 1.11 per diluted share, a decrease of 10.4% from the prior year[12] - Net income for the fiscal year 2025 was $199.8 million, representing an increase of 10.0% from$ 181.4 million in 2024[38] - The company reported a diluted earnings per share of $3.23 for the fiscal year 2025, compared to$ 2.92 in 2024, reflecting an increase of 10.6%[38] - Net income for the quarter ended February 1, 2025, was $68,554,000, down from$ 76,475,000 in the same quarter of 2024, a decrease of 10.5%[54] - Adjusted net income for the fiscal year ended February 1, 2025, was $202,418,000, compared to$ 180,365,000 in 2024, an increase of 12.2%[54] EBITDA and Operating Income - Adjusted EBITDA for Q4 was $109.4 million, with an adjusted EBITDA margin of 16.4%[13] - Operating income for the quarter was$ 87.7 million, a decrease of 10.0% compared to $97.7 million in the same quarter last year[38] - Adjusted operating income for the fiscal year ended February 1, 2025, was$ 254,991,000, up from $227,799,000 in 2024, representing an increase of 11.9%[51] - EBITDA for the quarter ended February 1, 2025, was$ 100,317,000, compared to $107,357,000 in the same quarter of 2024, a decrease of 6.9%[60] - Adjusted EBITDA for the fiscal year ended February 1, 2025, was$ 313,076,000, up from $275,156,000 in 2024, an increase of 13.8%[60] Assets and Cash Flow - Total assets as of February 1, 2025, were$ 2.56 billion, an increase from $2.29 billion as of February 3, 2024[42] - Cash and cash equivalents decreased to$ 205.1 million from $266.3 million year-over-year[42] - The company ended fiscal 2024 with cash and cash equivalents of$ 428.7 million, compared to $353.2 million at the end of fiscal 2023[21] - Net cash provided by operating activities for the fiscal year was$ 227.5 million, down from $254.5 million in 2024[45] Capital Expenditures and Share Repurchase - Capital expenditures for fiscal 2024 were$ 120.6 million, primarily for new store development and distribution center completion[23] - The company announced a new share repurchase authorization for an additional $300 million of its outstanding common stock[25] Future Outlook - Fiscal 2025 net sales are estimated to be between$ 2.564 billion and $2.586 billion[28] - The company plans to continue expanding its market presence and investing in new store openings to drive future growth[38]