Ollie's Q1 2025 – 13.4% Net Sales Increase

By Bobby Samwell • Tuesday, June 03 16:39 • Permanent Link

Ollie’s Bargain Outlet Holdings, Inc. has announced its first quarter fiscal 2025 results, showcasing notable growth and performance. The company's net sales saw a significant increase of 13.4% compared to the same period last year, reaching $576.8 million. Comparable store sales also experienced a positive uptick, rising by 2.6%.

In terms of earnings, Ollie’s reported that its net income reached $47.6 million for the quarter, compared to $46.3 million in the previous year. Earnings per diluted share also saw a rise from $0.75 to $0.77.

The company's adjusted net income per diluted share increased by 2.7% year over year, reaching $0.75, while adjusted EBITDA stood at $72.2 million, representing 12.5% of net sales.

One of the most significant achievements for Ollie’s in the first quarter of fiscal 2025 was the opening of 25 new stores, a substantial increase compared to the previous year's four store openings. This contributed to a 13.2% year-over-year growth in store count, bringing the total number of stores to 584 in 32 states.

The quarterly results also revealed that Ollie’s loyalty program, Ollie’s Army, experienced a 9.2% increase in members, surpassing 15.5 million.

Looking ahead, the company reaffirmed its fiscal 2025 earnings outlook, maintaining its expectations for new store openings, net sales, comparable store sales increase, gross margin, operating income, adjusted net income, adjusted net income per diluted share, annual effective tax rate, diluted weighted average shares outstanding, and capital expenditures.

Furthermore, Ollie’s reported a healthy financial position, with cash, cash equivalents, and short-term investments totaling $369.5 million, along with an additional $45.4 million in long-term investments, reflecting a 21.5% year-over-year increase.

The company also utilized $17.1 million in cash to repurchase 159,757 shares of its common stock during the first quarter, with $315.5 million remaining available for future share repurchases under the current authorization.

The market has reacted to these announcements by moving the company's shares -1.68% to a price of $110.035. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.