Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) reported strong financial results for the third quarter of fiscal 2025, with net sales increasing by 18.6% and earnings per share rising by 29.3%.
The company exceeded expectations with record store openings and significant growth in membership numbers for the Ollie's Army loyalty program.
Despite challenges like higher supply chain costs, Ollie's maintained its industry-leading sales growth and improved bottom-line performance.
Record Store Openings
Opened a record 32 new stores in the third quarter, contributing to a total of 645 stores in 34 states, marking an 18.1% year-over-year increase.
Membership Growth
Ollie's Army loyalty members rose by 11.8% to 16.6 million, showcasing a strong increase in customer engagement.
Financial Performance
Net sales surged by 18.6% to $613.6 million, with comparable store sales growing by 3.3% driven by transaction strength.
Operational Efficiency
The company achieved a 24.5% increase in operating income, with adjusted EBITDA rising by 21.8% to $72.9 million.
Outlook Raise
Ollie's raised its fiscal 2025 outlook with increased expectations for net sales, earnings, and store openings compared to the previous guidance.
- Ollie's strong financial performance in the third quarter demonstrates its resilience and growth potential in the retail sector.
- The company's strategic focus on store expansion, customer loyalty, and operational efficiency has resulted in positive outcomes despite market challenges.
Ollie's Bargain Outlet Holdings, Inc. continues to outperform market expectations, driven by its strategic initiatives and customer-centric approach. The company's robust growth in sales, membership numbers, and earnings reflects its strong position in the retail industry.