Ollie's Bargain Outlet (OLLI) Q2 2025 Earnings
How Did OLLI Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +2.66%.
Did OLLI Beat Earnings? Q2 2025 Results
Yes. Ollie's Bargain Outlet reported Q2 2025 earnings of $0.99 a share on Aug 28, 2025, beating the $0.93 consensus estimate by 6.8%. Revenue was $679.6M against a $662.2M estimate.
Ollie's Bargain Outlet delivered a notably strong second quarter of fiscal 2025, with the deep-discount retailer beating Wall Street expectations on both the top and bottom lines as aggressive store expansion and a consumer-friendly value proposition drove momentum. Adjusted EPS came in at $0.99, beating the $0.93 consensus by 6.77%, while revenue of $679.56 million topped estimates by 2.62% and grew 17.5% year over year. The standout driver behind those results was a sharp acceleration in store openings, with 29 new locations added during the quarter, far ahead of the 9 opened in the same period a year ago, lifting the total footprint to 613 stores across 34 states. Gross margin expanded 200 basis points to 39.9%, aided by lower supply chain costs and stronger merchandise margins. Shares have outperformed the broader market this year, and management rewarded investor confidence by raising its full-year outlook, lifting adjusted EPS guidance to $3.76 to $3.84 and increasing planned store openings to 85, with comparable store sales growth now expected between 3.0% and 3.5%.
- New store unit growth with 29 openings in the quarter (16.8% year-over-year store growth)
- Comparable store sales increased 5.0%, driven by higher transactions
- Gross margin expanded 200 basis points to 39.9% from lower supply chain costs and higher merchandise margin
- Strong consumer staples and seasonal category performance
- Ollie's Army loyalty membership grew 10.6% to 16.1 million members
- Reimagined Ollie's Days event drove strong customer response
“We had a very strong second quarter and are operating with the wind in our sails. We are driving the business to new heights through improved planning, coordination, and execution across the organization. New store openings, total sales, comparable store sales, and earnings were all ahead of our expectations in the quarter and we are raising our full-year outlook across the board.”
Ollie's Bargain Outlet CEO, on the earnings call
What Was Ollie's Bargain Outlet's Outlook in Q2 2025?
The company raised its full-year fiscal 2025 outlook. Store openings increased to 85 from 75. Net sales guidance raised to $2.631–$2.644 billion from $2.579–$2.599 billion. Comparable store sales growth expectations raised to 3.0%–3.5% from 1.4%–2.2%. Gross margin guided at 40.3%, up from 40.0%. Operating income outlook raised to $292–$298 million from $283–$292 million. Adjusted net income per diluted share raised to $3.76–$3.84 from $3.65–$3.75. Capital expenditures maintained at $83–$88 million. Annual effective tax rate approximately 25%. Outlook includes approximately $5 million of dark rent expenses from bankruptcy-acquired leases and approximately $18 million of interest income.
OLLI YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $679.6M | $578.4M | +17.5% |
| Gross Profit | $271.3M | $219.0M | +23.9% |
| Operating Income | $77.0M | $60.8M | +26.7% |
| Net Income | $61.3M | $49.0M | +25.2% |
Figures from SEC filings and company reports. Not investment advice.