Ollie`s Bargain Outlet Holdings Inc.
- Ollie's Bargain Outlet Holdings Inc. eased 2.6% to $108.99 after the discount retailer reported first-quarter 2025 results.
Net sales jumped to $576.77 million from $508.82 million, net income edged up to $47.56 million from $46.34 million, and diluted earnings per share rose to 77 cents from 75 cents a year ago.
Comparable store sales increased 2.6% on top of 3% growth in the previous year, and the company opened 25 new stores, compared to four new stores in the same quarter last year.
The company said Ollie’s Army loyalty members increased 9.2% to more than 15.5 million in the quarter.
The discount retailer guided full-year net sales to range between $2.58 billion and $2.60 billion, compared to $2.27 billion a year earlier, and higher than the previous forecast.
The company also expects full-year comparable store sales to increase between 1.4% and 2.2%, higher than the previous estimate of 1% to 2%.
The retailer said full-year adjusted net income is estimated to be between $225 million and $232 million, or $3.65 to $3.75 per diluted share, compared to $202.4 million, or $3.28 per diluted share, a year ago.
The company plans to open 75 new stores in fiscal 2025.
Jun 3, 2025
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