Ollie's Bargain Outlet (OLLI) - 2026 Q3 - Quarterly Results

Financial Performance - Net sales increased by 18.6% year-over-year to $613.6 million, compared to $517.4 million in the same quarter last year[4] - Net income increased by 29.3% to $46.2 million, up from $35.9 million in the prior year[4] - Adjusted EBITDA rose by 21.8% to $72.9 million, with an adjusted EBITDA margin of 11.9%[5] - Adjusted EBITDA for the thirty-nine weeks ended November 1, 2025, was $238,829 thousand, compared to $203,721 thousand for the same period in 2024, indicating a growth of 17.2%[20] - Net income for the thirteen weeks ended November 1, 2025, was $46,172 thousand, compared to $35,884 thousand for the same period in 2024, reflecting a year-over-year increase of 28.5%[20] Store Expansion - The company opened a record 32 new stores, bringing the total to 645 stores, an increase of 18.1% year-over-year[5] - The number of stores increased to 645 by the end of the period, representing a year-over-year growth of 18.1% from 546 stores in November 2024[22] - The company plans to open 75 new stores in fiscal 2026, primarily in the first half of the year[8] Sales Metrics - Comparable store sales rose by 3.3%, driven by continued strength in transactions[5] - Comparable store sales increased by 3.3% for the thirteen weeks ended November 1, 2025, compared to a decrease of 0.5% in the same period of 2024[22] Financial Outlook - The company is raising its fiscal 2025 net sales outlook to between $2.648 billion and $2.655 billion, up from the previous range of $2.631 billion to $2.644 billion[7] - The adjusted net income per diluted share is projected to be between $3.81 and $3.87, an increase from the previous range of $3.76 to $3.84[7] Margins and Costs - Gross margin for the quarter was 41.3%, a slight decrease of 10 basis points due to higher supply chain costs[5] Membership and Loyalty - Ollie's Army loyalty program membership grew by 11.8% to 16.6 million members[5] Assets and Liabilities - Total assets increased to $2,855,043 thousand in November 2025, up from $2,470,842 thousand in November 2024, representing a growth of 15.5%[18] - Total cash and investments increased to $432,163 thousand in November 2025, compared to $303,911 thousand in November 2024, representing a significant growth of 42.2%[22] - Cash and cash equivalents at the end of the period were $144,699 thousand, up from $128,685 thousand in the previous year, marking a 12.5% increase[19] - The total current liabilities increased to $361,593 thousand in November 2025, up from $317,107 thousand in November 2024, reflecting a rise of 14.0%[18] Capital Expenditures and Share Repurchase - Capital expenditures for the thirteen weeks ended November 1, 2025, were $30,732 thousand, slightly down from $31,016 thousand in the same period of 2024[22] - The company repurchased $11,577 thousand worth of shares during the period, compared to $15,825 thousand in the same period of 2024[22]