Ollie's Bargain Outlet Holdings, Inc. Announces Second Quarter Fiscal 2025 Results

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]