Ollie’s Bargain Outlet Holdings (OLLI) Q3 2025 Financial Results Summary

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Q3 2025 Financial Results Summary

Released on December 9, 2025, Ollie’s Bargain Outlet Holdings, Inc. announced its financial results for the third quarter ended November 1, 2025. The company exhibited strong growth across various metrics, including net sales and earnings per share.

Key Financial Highlights

• Net Sales

• Total net sales reached $613.6 million, an 18.6% increase from $517.4 million in Q3 2024 (previous quarter year).

• Comparable Store Sales

• Achieved a 3.3% increase in comparable store sales, compared to a decrease of 0.5% in Q3 2024.

• Net Income

• Net income rose to $46.2 million, reflecting a 29.3% increase from $35.9 million in the same quarter last year.

• Earnings Per Share (EPS)

• Earnings per diluted share stood at $0.75, an increase of 29.3% from $0.58 in Q3 2024.

• Adjusted Net Income

• Adjusted net income per diluted share also reached $0.75, maintaining the same 29.3% year-over-year growth.

• Adjusted EBITDA

• Adjusted EBITDA experienced a 21.8% increase to $72.9 million from $59.8 million a year earlier, with the adjusted EBITDA margin rising to 11.9% (up 30 basis points).

• Gross Margin

• The gross margin experienced a slight decrease of 10 basis points to 41.3%, attributed to higher supply chain costs.

• Operating Income

• Operating income increased to $55.4 million, marking a 24.5% growth compared to $44.5 million last year, with the operating income margin improving 40 basis points to 9.0%.

Operational Highlights

• Store Openings

• The company opened a record 32 new stores during the quarter, totaling 645 stores across 34 states, representing an 18.1% increase in store count year-over-year.

• Ollie’s Army Loyalty Program

• Membership in the Ollie’s Army loyalty program increased by 11.8%, reaching 16.6 million members.

Cost Management

• Selling, General, and Administrative (SG&A) Expenses

• SG&A expenses as a percentage of net sales were reduced to 29.4%, down 50 basis points, aided by lower professional fees and stock-based compensation.

• Pre-Opening Expenses

• Pre-opening expenses were reported at $7.4 million, a 3.2% increase, influenced by new store openings and associated costs.

Cash and Investments

• Total Cash and Investments
• Increased by 42.2% to $432.2 million, which includes cash equivalents of $144.7 million and long-term investments of $246.1 million.

Financial Outlook

• In response to strong performance and positive momentum, the company raised its full-year sales and earnings outlook for fiscal 2025:
• Net Sales: Expected to range between $2.648 billion and $2.655 billion, up from earlier expectations of $2.631 to $2.644 billion.
• Comparable Store Sales Growth: Forecasted growth to be between 3.2% to 3.5%, revised from 3.0% to 3.5%.
• Operating Income: Expected to be between $293 million and $298 million against the prior outlook of $292 to $298 million.

Share Repurchase Activity

• During the quarter, the company engaged in share repurchases totaling $11.6 million, decreasing from $15.8 million during the same period last year.

Conclusion

Ollie’s Bargain Outlet Holdings, Inc. has demonstrated robust growth through strong sales performance and effective management of operational expenses. The company’s strategic focus on store openings and customer loyalty initiatives has positioned it favorably as it heads into the holiday season. With a strengthened financial outlook for the remainder of the fiscal year, Ollie’s remains committed to its mission of providing value to its customers.

For further details, stakeholders are invited to participate in the conference call scheduled for December 9, 2025, at 8:30 a.m. Eastern Time.

Condensed Consolidated Statements of Income (unaudited) (In thousands except for per share amounts)

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Condensed Consolidated Balance Sheets (unaudited) (In thousands)