Ollie's Bargain Outlet Holdings, Inc. reported strong financial results for the second quarter of fiscal 2025.
Net sales increased by 17.5%, and earnings per share rose by 25.0% compared to the previous year.
The company exceeded expectations in store openings, sales, and earnings, prompting an optimistic outlook for the year.
Sales Growth
Net sales increased by 17.5% to $679.6 million, driven by new store unit growth and higher comparable store sales.
Earnings Boost
Earnings per diluted share rose by 25.0% to $0.99, with adjusted net income per diluted share increasing by 26.9%.
Store Expansion
Opened 29 new stores, reaching a total of 613 stores in 34 states, reflecting a 16.8% year-over-year growth.
Membership Growth
Ollie's Army loyalty members increased by 10.6% to 16.1 million, showing strong customer retention and acquisition.
Financial Outlook
The company raised its fiscal 2025 sales and earnings outlook, anticipating continued growth and positive performance.
- The company's strong performance in the second quarter was driven by a compelling assortment of bargains that attracted consumers, particularly in essential and seasonal categories.
- Notable growth in Ollie's Army membership and the success of Ollie's Days event contributed to the positive results and outlook for the company.
Ollie's Bargain Outlet Holdings, Inc. demonstrated impressive growth in sales, earnings, and store expansions in the second quarter of fiscal 2025. The company's strategic initiatives and customer-centric approach have positioned it for continued success.