Ollie's Bargain Outlet (OLLI) Q4 2024 Earnings
Excludes a one-time $5.5 million ($0.09/share) accelerated expense from modification of existing equity awards for the Executive Chairman, and adjusts for $0.654 million in excess tax benefits related to stock-based compensation
How Did OLLI Stock React to Q4 2024 Earnings?
S&P 500 over the same 30 days: −9.39%.
Did OLLI Beat Earnings? Q4 2024 Results
No. Ollie's Bargain Outlet reported Q4 2024 earnings of $1.19 a share on Mar 19, 2025, missing the $1.19 consensus estimate by 0.4%. Revenue was $667.1M against a $674.5M estimate.
Ollie's Bargain Outlet delivered a narrow miss on both the top and bottom lines in its fiscal fourth quarter, as a one-time charge tied to executive equity awards clouded an otherwise solid operational performance. The closeout retailer posted adjusted EPS of $1.19 for the 13-week period ended February 1, 2025, falling just short of the $1.19 consensus, while revenue of $667.08 million trailed estimates of $674.52 million by 1.10% and rose 2.8% year over year against a prior-year quarter that included a 53rd week contributing $34.00 million in sales. Stripping out that calendar benefit, net sales grew 8.5% on a comparable-period basis. The headline numbers were weighed down by a $5.49 million accelerated vesting charge for the Executive Chairman and a sharp jump in pre-opening expenses to $4.82 million, reflecting Ollie's aggressive push into bankruptcy-acquired real estate, including dozens of former Big Lots locations secured at below-market rents. That expansion strategy underpins management's fiscal 2025 guidance for 75 new store openings and adjusted EPS of $3.65 to $3.75.
- Comparable store sales increase of 2.8% driven by fairly equal increases in transactions and basket size
- New store growth with 50 net new stores opened in fiscal 2024
- Gross margin expansion of 20 basis points to 40.7% driven by lower supply chain costs
- Opportunistic acquisition of former 99 Cents Only Stores and Big Lots locations through bankruptcy auctions
“We were very pleased with our financial results and the underlying trends in our business. At a time when consumers need it most, we are delivering unprecedented value through an ever-changing assortment that combines quality, national brands, and pricing in a way that can only be found at Ollie's.”
Ollie's Bargain Outlet CEO, on the earnings call
What Was Ollie's Bargain Outlet's Outlook in Q4 2024?
For fiscal 2025 (year ending January 31, 2026), Ollie's is targeting 75 new store openings, up from 50 in fiscal 2024. The company projects net sales of $2.564 billion to $2.586 billion, comparable store sales growth of 1% to 2%, gross margin of 40%, operating income of $283 million to $292 million, adjusted net income of $225 million to $232 million, adjusted EPS of $3.65 to $3.75 on approximately 62 million diluted shares, a 25% effective tax rate (excluding excess tax benefits), and capital expenditures of $83 million to $88 million. The outlook includes approximately $5 million in dark rent expenses ($0.06 per adjusted EPS) from acquired former Big Lots leases and approximately $17 million in interest income, assuming the potential for lower interest rates.
OLLI YoY Financials
| Metric | Q4 2024 | Q4 2023 | Year over year |
|---|---|---|---|
| Revenue | $667.1M | $649.0M | +2.8% |
| Gross Profit | $271.6M | $255.4M | +6.3% |
| Operating Income | $87.7M | $99.3M | −11.6% |
| Net Income | $68.6M | $76.5M | −10.4% |
Figures from SEC filings and company reports. Not investment advice.