Ollie’s Bargain Outlet Holdings, Inc. Announces Third Quarter Fiscal 2025 Results

Core Insights - Ollie's Bargain Outlet Holdings, Inc. reported strong financial results for the third quarter of fiscal 2025, with net sales increasing by 18.6% year-over-year to $613.6 million and earnings per share rising by 29.3% to $0.75 [2][4][5]. Financial Performance - Net sales for the third quarter reached $613,619, compared to $517,428 in the same period last year, marking an 18.6% increase [4][5]. - Comparable store sales increased by 3.3%, a significant improvement from a decline of 0.5% in the previous year [5][23]. - Net income rose to $46,172, up from $35,884, reflecting a year-over-year increase of 29.3% [4][5]. - Adjusted EBITDA increased by 21.8% to $72,884, with an adjusted EBITDA margin of 11.9% [4][9]. Store Expansion - The company opened a record 32 new stores during the quarter, bringing the total number of stores to 645, which represents an 18.1% year-over-year growth [5][23]. - Ollie's Army loyalty program membership grew by 11.8% to 16.6 million members, contributing to increased sales [5][23]. Outlook - The company raised its fiscal 2025 sales and earnings outlook, now projecting net sales between $2.648 billion and $2.655 billion, up from the previous estimate of $2.631 billion to $2.644 billion [6][7]. - The expected increase in comparable store sales is now between 3.2% and 3.5%, compared to the previous range of 3.0% to 3.5% [7]. Cash and Investments - Total cash and investments increased by 42.2% to $432.2 million, including cash and cash equivalents of $144.7 million [9][23]. - Capital expenditures for the quarter were approximately $30.7 million [23].