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Ollie鈥檚 Bargain Outlet Holdings, Inc. Announces听Second Quarter Fiscal 2025 Results

Store Openings, Sales, and Earnings Ahead of Expectations

Net Sales Increased 17.5% and Earnings Per Share Increased 25.0%

Raising Fiscal 2025 Sales and Earnings Outlook

HARRISBURG, Pa., Aug. 28, 2025 (GLOBE NEWSWIRE) -- 听Ollie鈥檚 Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the 鈥淐ompany鈥�) today announced financial results for the second quarter fiscal 2025 ended August 2, 2025.

鈥淲e had a very strong second quarter and are operating with the wind in our sails,鈥� said Eric van der Valk, President and Chief Executive Officer. 鈥淲e are driving the business to new heights through improved planning, coordination, and execution across the organization. New store openings, total sales, comparable store sales, and earnings were all ahead of our expectations in the quarter and we are raising our full-year outlook across the board.鈥�

Mr. van der Valk continued, 鈥淐onsumers responded to our compelling assortment of bargains, especially in our consumer staples and seasonal categories. Ollie鈥檚 Army growth was another bright spot in the quarter, headlined by an outstanding response to our reimagined Ollie鈥檚 Days event.鈥�

Second Quarter Fiscal 2025 Highlights and Year-Over-Year Comparisons 听听听听

• Opened 29 stores, ending the quarter with a total of 613 stores in 34 states, an increase of 16.8% year-over-year.
• Ollie鈥檚 Army loyalty members increased 10.6% to 16.1 million members.
• Net sales increased 17.5% to $679.6 million, driven by new store unit growth and an increase in comparable store sales.
• Comparable store sales increased 5.0%, driven by an increase in transactions.
• Gross margin increased 200 basis points to 39.9%. The increase was primarily driven by lower supply chain costs and higher merchandise margin.
• Selling, general, and administrative (鈥淪G&A鈥�) expenses as a percentage of net sales increased 60 basis points to 25.8%. The increase was primarily driven by higher medical and casualty claims, as well as slightly higher store labor expenses.
• Pre-opening expenses increased $4.4 million to $9.0 million, driven by new store growth and $2.3 million of dark rent expense associated with the former Big Lots locations that were acquired through the bankruptcy auction process.
• Operating margin increased 80 basis points to 11.3%.
• Adjusted net income per diluted share increased 26.9% to $0.99.
• Adjusted EBITDA increased 26.0% to $93.8 million and adjusted EBITDA margin increased 90 basis points to 13.8%.
• Total cash and investments increased 30.3%, or $107.1 million, to $460.3 million. This included cash and cash equivalents of $231.2 million, short-term investments of $85.9 million, and long-term investments of $143.2 million.听听
  

Fiscal 2025 Outlook听听听

The Company is raising its previously provided sales and earnings outlook for fiscal 2025. A comparison of the current and previous outlook figures is contained in the table below.

Conference Call Information

A conference call to discuss second quarter fiscal 2025 financial results is scheduled for today, August 28, 2025, at 8:30 a.m. Eastern Time. To access the live conference call, please preregister . Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company鈥檚 website at . A replay of the conference call webcast will be available on the investor relations website for one year.

About Ollie鈥檚听听听听听听听听
Ollie鈥檚 is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap庐. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer AG真人官方 Brands! AG真人官方 Bargains! 庐 in a treasure hunt environment at prices up to 70% below traditional retailers.听As of August 2, 2025, we operated 613 stores in 34 states and growing! For more information, visit .

Non-GAAP Reconciliation

The Company鈥檚 results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income (loss), adjusted net income (loss) per diluted share, and adjusted operating income (loss) are non-GAAP measures, and are not intended to replace GAAP financial information, and may be different from non-GAAP measures reported by other companies. The Company believes the income and expense items excluded as non-GAAP adjustments are not reflective of the performance of its core business, and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business.

Please refer to the 鈥淩econciliation of GAAP to Non-GAAP Financial Measures鈥� table included in this press release, which sets forth the non-GAAP operating adjustments for the 13-week and 26-week periods ended August 2, 2025 and August 3, 2024.

Forward-Looking Statements

This press release contains certain forward-looking statements, which includes but is not limited to statements regarding industry trends, value creation, customer trends, new stores, distribution centers, and various financial outlook figures, including new store openings, net sales, comparable store sales, gross margin, SG&A, operating income, net income, adjusted net income, adjusted net income per diluted share, effective tax rate, diluted weighted average shares outstanding and capital expenditures. All forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, are subject to the finalization of the Company鈥檚 quarterly financial and accounting procedures, and may be affected by certain risks and uncertainties, any one, or a combination, of which could materially affect the results of the Company鈥檚 operations. Forward-looking statements are usually identified by or are associated with such words as 鈥渃ould鈥�, 鈥渕ay鈥�, 鈥渕ight鈥�, 鈥渨ill,鈥� 鈥渓ikely鈥�, 鈥渁nticipates鈥�, 鈥渋ntends鈥�, 鈥減lans鈥�, 鈥渂elieves鈥�, 鈥渆stimates鈥�, 鈥渆xpects鈥�, 鈥渃ontinues鈥�, 鈥減rojects鈥�, 鈥渇orecasts鈥�, and similar terminology. Actual results could vary materially from the expectations reflected in these statements. As with any business, all phases of our operations are subject to factors outside of our control. These factors include, without limitation, the impact of the recent tariff announcements and the corresponding macroeconomic pressures and those factors discussed in the 鈥淩isk Factors鈥� section of the Company鈥檚 Annual Reports or Form 10-K and other filings with the Securities and Exchange Commission. Forward-looking statements made by or on behalf of the Company are based on knowledge of its business and the environment in which it operates, but because of the factors listed above, actual results could differ materially from those reflected by any forward-looking statements. Consequently, all of the forward-looking statements made are qualified by these cautionary statements and those contained in the Company鈥檚 Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. There can be no assurance that the results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business and operations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.

Investor Contact

John Rouleau
Managing Director of Corporate Communication & Business Development

Media Contact

Tom Kuypers
Senior Vice President 鈥� Marketing & Advertising
717-657-2300

Ollie鈥檚 Bargain Outlet Holdings, Inc.
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Ollie鈥檚 Bargain Outlet Holdings, Inc.
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