Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) saw its stock jump 4.1% following the release of second-quarter results that exceeded analyst expectations, accompanied by an upgraded full-year forecast.
The discount retailer reported adjusted earnings per share of $0.99, surpassing the consensus estimate of $0.93. Revenue totaled $679.56 million, above the anticipated $662.22 million, marking a 17.5% increase from the same period last year. Growth was fueled by new store openings and a 5.0% rise in comparable store sales.
“We had a very strong second quarter and are operating with the wind in our sails,” said Eric van der Valk, President and Chief Executive Officer. “Consumers responded to our compelling assortment of bargains, especially in our consumer staples and seasonal categories.”
During the quarter, Ollie’s opened 29 new locations, bringing the total to 613 stores across 34 states—a 16.8% year-over-year increase. Its loyalty program, Ollie’s Army, grew by 10.6% to 16.1 million members.
The company saw gross margins expand 200 basis points to 39.9%, reflecting lower supply chain costs and improved merchandise margins. Operating margins also rose 80 basis points to 11.3%.
Looking ahead, Ollie’s raised its fiscal 2025 guidance, projecting net sales of $2.631 billion to $2.644 billion, up from the previous range of $2.579 billion to $2.599 billion. Comparable store sales growth is now expected to reach 3.0%-3.5%, compared with the prior forecast of 1.4%-2.2%. Adjusted EPS guidance was also increased to $3.76-$3.84 from $3.65-$3.75. The company plans to open 85 new stores in 2025, up from the earlier target of 75.
Ollies Bargain Outlet Holdings stock price
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