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Ollie's Bargain Beats on Q3 Earnings, Raises FY25 Outlook
ZACKS· 2025-12-10 15:15
Core Insights - Ollie's Bargain Outlet Holdings, Inc. (OLLI) reported mixed results for Q3 fiscal 2025, with revenues slightly below estimates but earnings exceeding expectations, showing year-over-year improvement in both metrics [1][10] - The company raised its full-year sales and earnings outlook, indicating strong momentum from Q3 and a positive start to Q4 [2] Financial Performance - Adjusted earnings were 75 cents per share, surpassing the Zacks Consensus Estimate of 71 cents and reflecting a 29.3% increase from 58 cents in the prior year [3][10] - Net sales increased by 18.6% to $613.6 million, driven by new store openings and solid comparable-store performance, although it fell short of the $616 million estimate [4][10] - Comparable-store sales grew by 3.3%, supported by mid-single-digit growth in transactions, despite a lower average ticket price [4] Category Performance - Key performing categories included food, seasonal items, hardware, stationery, and lawn & garden, with management noting that retail consolidation and improved deal flow in consumables enhanced traffic and customer acquisition [5] Margin Analysis - Gross profit rose by 18.3% to $253.7 million, while gross margin slightly decreased by 10 basis points to 41.3% due to higher supply-chain costs [6] - SG&A expenses as a percentage of net sales improved by 50 basis points to 29.4%, reflecting lower professional fees and optimized marketing expenditures [7] - Operating income increased by 24.5% to $55.4 million, with operating margin expanding by 40 basis points to 9% [8] Store Expansion - The company opened 32 new stores in the quarter, bringing the total to 645 stores, an 18.1% increase year-over-year, and completed 86 store openings year-to-date, exceeding the initial target of 75 [9] Customer Engagement - Membership in the loyalty program, Ollie's Army, grew by 11.8% to 16.6 million members, with significant growth among younger and higher-income demographics [11] Financial Position - Ollie's Bargain ended the quarter with $432.2 million in total cash and investments, a 42.2% year-over-year increase, maintaining a debt-light balance sheet [12] - The company repurchased $12 million worth of stock, with $293 million remaining under its current authorization [13] Future Outlook - For fiscal 2025, net sales are projected between $2,648 million and $2,655 million, with comparable store sales growth forecasted at 3.2% to 3.5% [14] - Adjusted earnings are expected to be in the range of $3.81 to $3.87 per share, an increase from the previous outlook [15]
Chanson International Holding Announces Pricing of $8 Million Public Offering
GlobeNewswire News Room· 2025-06-13 13:00
Core Viewpoint - Chanson International Holding has announced a public offering expected to generate approximately $8 million in gross proceeds to fund the expansion of its store network in China and the U.S. [1][3] Group 1: Offering Details - The offering consists of 16,000,000 units priced at $0.50 per unit, each unit includes one Class A ordinary share or a pre-funded warrant, along with Series A and Series B warrants [2] - Each Series A and Series B warrant has an exercise price of $0.525 per Class A ordinary share and can be exercised starting from the issuance date until two and a half years later [2] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to opening new stores in China and the U.S., with specific allocations depending on market conditions [3] Group 3: Company Overview - Chanson International Holding, founded in 2009, operates bakery, seasonal, and beverage products through its chain stores in China and the U.S., with 63 stores in China and 3 in New York City [5] - The company focuses on providing healthy, nutritious, and ready-to-eat food, utilizing advanced facilities and in-depth industry research to meet customer demand [5]