Ollie's Bargain Outlet (OLLI) Q3 2025 Earnings
How Did OLLI Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +1.77%.
Did OLLI Beat Earnings? Q3 2025 Results
Yes. Ollie's Bargain Outlet reported Q3 2025 earnings of $0.75 a share on Dec 9, 2025, beating the $0.73 consensus estimate by 2.4%. Revenue was $613.6M against a $614.4M estimate.
Ollie's Bargain Outlet posted a solid fiscal third quarter, beating adjusted EPS estimates while revenue came in essentially in line, as aggressive store expansion drove an 18.6% year-over-year revenue gain to $613.62 million. Adjusted diluted EPS of $0.75 topped the $0.73 consensus by 2.43%, fueled by a record 32 new store openings during the quarter that brought the total footprint to 645 locations, with unit growth of 18.1% year-over-year contributing the bulk of the top-line gain alongside a 3.3% comparable store sales increase. Net income climbed to $46.17 million from $35.88 million a year ago, while operating margin expanded 40 basis points to 9.0%, reflecting SG&A leverage that more than offset modest gross margin pressure from tariff-related supply chain costs. Ollie's Army loyalty membership grew 11.8% to 16.6 million members, underscoring durable customer engagement. Management lifted its full-year outlook, now guiding for net sales of $2.65 billion and adjusted EPS of $3.81 to $3.87, with RBC naming the stock among its top retail picks heading into 2026.
- New store unit growth with 32 openings in the quarter, bringing total to 645 stores
- Comparable store sales increased 3.3%, driven by continued strength in transactions
- Ollie's Army loyalty members increased 11.8% to 16.6 million
- SG&A as a percentage of net sales decreased 50 basis points to 29.4% driven by lower professional fees, stock-based compensation, and marketing spend optimization
- Higher merchandise margins partially offset tariff-related supply chain cost increases
“Thanks to the extraordinary execution of our team, we delivered another strong performance in the third quarter. We opened a record number of stores, continued to accelerate membership growth of our Ollie's Army loyalty program, widened our price gaps to the fancy stores, and delivered industry-leading sales growth, all while driving significant improvement on the bottom-line.”
Ollie's Bargain Outlet CEO, on the earnings call
What Was Ollie's Bargain Outlet's Outlook in Q3 2025?
The company raised its fiscal 2025 outlook: net sales of $2.648 to $2.655 billion (previously $2.631 to $2.644 billion), comparable store sales growth of 3.2% to 3.5% (previously 3.0% to 3.5%), operating income of $293 to $298 million (previously $292 to $298 million), adjusted net income per diluted share of $3.81 to $3.87 (previously $3.76 to $3.84), annual effective tax rate of approximately 24% (previously approximately 25%), capital expenditures of approximately $88 million, and 86 store openings. The outlook includes approximately $5 million in dark rent expenses ($0.06 per diluted share) related to leases acquired through bankruptcy. The company is targeting 75 new store openings in fiscal 2026, with the majority planned for the first half of the fiscal year.
OLLI YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $613.6M | $517.4M | +18.6% |
| Gross Profit | $253.7M | $214.5M | +18.3% |
| Operating Income | $55.4M | $44.5M | +24.5% |
| Net Income | $46.2M | $35.9M | +28.7% |
Figures from SEC filings and company reports. Not investment advice.