Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) has reported its second-quarter fiscal 2025 results, demonstrating impressive growth and performance. The company's net sales for the quarter ended August 2, 2025, amounted to $679.6 million, reflecting a substantial 17.5% increase compared to the same period in the prior year, which recorded net sales of $578.4 million.
Additionally, the company's net income for the same period also exhibited significant growth, reaching $61.3 million, compared to $49.0 million in the previous year. This represents a remarkable year-over-year increase of 25.0% in earnings per share, with diluted net income per share rising to $0.99 from $0.79 in the same quarter of the previous year.
Moreover, the company's adjusted net income per diluted share also saw substantial growth, increasing by 26.9% year-over-year to $0.99 from $0.78. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter surged to $93.8 million, marking a significant 26.0% increase compared to the prior year, with an adjusted EBITDA margin of 13.8%, up 90 basis points from the previous year.
Ollie's Bargain Outlet Holdings, Inc.'s impressive performance can also be attributed to its store openings. The company opened 29 new stores during the quarter, ending with a total of 613 stores in 34 states, representing a remarkable 16.8% year-over-year increase in store count.
The growth in comparable store sales was also noteworthy, increasing by 5.0% in the second quarter of fiscal 2025, driven by a rise in transactions. The company's gross margin increased by 200 basis points to 39.9%, primarily due to lower supply chain costs and higher merchandise margins.
Looking ahead, Ollie's Bargain Outlet Holdings, Inc. has raised its sales and earnings outlook for fiscal 2025. The company now anticipates net sales in the range of $2.631 to $2.644 billion, up from the previous range of $2.579 to $2.599 billion. Furthermore, Ollie's expects adjusted net income for fiscal 2025 to be in the range of $233 to $237 million, an increase from the previous range of $225 to $232 million.
With such strong financial results and an optimistic outlook for the remainder of fiscal 2025, Ollie's Bargain Outlet Holdings, Inc. is positioned for continued growth and success in the off-price retail market. As a result of these announcements, the company's shares have moved 0.14% on the market, and are now trading at a price of $130.78. For more information, read the company's full 8-K submission here.
