Ollie's Bargain Outlet (OLLI) Q1 2025 Earnings
How Did OLLI Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: +4.13%.
Did OLLI Beat Earnings? Q1 2025 Results
Yes. Ollie's Bargain Outlet reported Q1 2025 earnings of $0.75 a share on Jun 3, 2025, beating the $0.71 consensus estimate by 5.8%. Revenue was $576.8M against a $565.9M estimate.
Ollie's Bargain Outlet delivered a solid first quarter for fiscal 2025, beating Wall Street expectations on both the top and bottom lines as an aggressive store expansion campaign fueled double-digit revenue growth. The discount retailer posted adjusted diluted EPS of $0.75, ahead of the $0.71 consensus estimate by 5.83%, while net sales climbed 13.3% year over year to $576.77 million, topping forecasts by 1.91%. The primary engine behind the growth was a rapid store count expansion, with Ollie's opening 25 locations during the quarter, including 18 former Big Lots sites acquired through bankruptcy auction, bringing its total footprint to 584 stores across 32 states. Comparable store sales rose 2.6%, driven by stronger transaction volumes, and the Ollie's Army loyalty program grew 9.2% to more than 15.5 million members. Some analysts have questioned whether the stock's valuation fully reflects margin pressures, including rising SG&A costs and pre-opening expenses. Management reaffirmed its fiscal 2025 adjusted EPS outlook of $3.65 to $3.75, narrowing its net sales range slightly upward to $2.58 billion to $2.60 billion.
- New store unit growth with 25 openings including 18 former Big Lots locations
- Comparable store sales increase of 2.6% driven by increased transactions
- Ollie's Army loyalty members grew 9.2% to over 15.5 million
- Net interest income of $4.8 million
- Lower supply chain costs offsetting lower merchandise margin from mix changes
“We had a strong first quarter, highlighted by accelerated store growth and better than expected sales and earnings.”
Ollie's Bargain Outlet CEO, on the earnings call
What Was Ollie's Bargain Outlet's Outlook in Q1 2025?
Ollie's reaffirmed its fiscal 2025 earnings outlook assuming current tariffs remain in place for the balance of the year. The company expects to open 75 new stores, with net sales of $2.579–$2.599 billion (slightly narrowed upward from $2.564–$2.586 billion), comparable store sales growth of 1.4%–2.2% (raised from 1.0%–2.0%), gross margin of 40%, operating income of $283–$292 million, adjusted net income of $225–$232 million, adjusted net income per diluted share of $3.65–$3.75, an annual effective tax rate of 25%, diluted weighted average shares of 62 million, and capital expenditures of $83–$88 million. The outlook includes approximately $5 million of dark rent expenses ($0.06 per adjusted EPS) from acquired Big Lots leases and approximately $17 million of interest income assuming the potential for lower interest rates.
OLLI YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $576.8M | $508.8M | +13.4% |
| Gross Profit | $237.0M | $201.6M | +17.6% |
| Operating Income | $56.2M | $59.2M | −5.1% |
| Net Income | $47.6M | $46.3M | +2.6% |
Figures from SEC filings and company reports. Not investment advice.