Ollie’s Bargain Outlet Holdings, Inc. Announces Fourth Quarter Fiscal Year 2025 Results
Rhea-AI Summary
Ollie’s Bargain Outlet (NASDAQ: OLLI) reported strong fourth-quarter and fiscal 2025 results on March 12, 2026, with fiscal-year net sales of $2.649 billion (up 16.6%) and net income of $240.6 million. The company opened a record 86 stores, grew Ollie’s Army to 17.0 million, repurchased $73.8 million of stock, and ended the year with $562.8 million in cash and investments. Management provided initial fiscal 2026 guidance: net sales $2.985–$3.013 billion, comparable store sales ~2%, gross margin ~40.5%, adjusted EPS $4.40–$4.50, and ~75 new store openings.
Positive
- Net sales +16.6% year-over-year to $2.649 billion
- Net income of $240.6 million for fiscal 2025
- Record 86 store openings in fiscal 2025
- Ollie’s Army loyalty members +12.1% to 17.0 million
- Adjusted EBITDA of $365.96 million for fiscal 2025
- Ended year with $562.8 million in cash and investments
Negative
- Gross margin declined 80 basis points to 39.9% (price investments)
- Company guides comparable store sales to ~2% in fiscal 2026 versus 3.7% in fiscal 2025
News Market Reaction – OLLI
In the Mar 12 session, OLLI gained 1.45%, reflecting a mild positive market reaction. Argus tracked a peak move of +2.5% during that session. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 28 | Quarterly earnings | Positive | +0.6% | Q2 2025 beat with 17.5% net sales growth and higher guidance. |
| Jun 03 | Quarterly earnings | Positive | -1.8% | Q1 2025 strong growth, reaffirmed outlook, yet shares fell. |
| Mar 19 | Annual results | Positive | +9.0% | Q4/FY 2024 strength with 8.0% sales growth and EPS of $3.23. |
| Dec 10 | Quarterly earnings | Positive | +13.2% | Q3 2024 7.8% sales growth and higher margins drove gains. |
| Aug 29 | Quarterly earnings | Positive | -7.6% | Q2 2024 beat and guidance raise met with share decline. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases have generally been positive operationally, with 3 of the last 5 tagged earnings events seeing aligned positive price reactions and 2 showing negative reactions despite strong results.
Across the last five earnings releases, OLLI has consistently reported double-digit net sales growth, positive comparable store sales, and expanding store counts. Prior quarters included guidance raises (e.g., updated ranges to $2.631–2.644B sales and higher EPS) and strong loyalty growth. Fiscal 2024 results showed EPS of $3.23 and net sales of $2.272B, followed by continued strength through fiscal 2025 quarters. This announcement extends that trajectory with record store openings and higher sales, reinforcing the multi-year expansion story.
Key Terms
comparable store sales financial
gross margin financial
selling, general, and administrative financial
basis points financial
adjusted EBITDA financial
capital expenditures financial
annual effective tax rate financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Comparable Store Sales and Earnings Ahead of Expectations
Net Sales Increased
Provides Initial Outlook for Fiscal Year 2026
HARRISBURG, Pa., March 12, 2026 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced financial results for the fourth quarter and fiscal year ended January 31, 2026.
“We had a strong fourth quarter to cap off an exceptional year,” said Eric van der Valk, President and Chief Executive Officer. “In the fourth quarter, we delivered better than expected sales and earnings, driven by solid comp growth, healthy margins, and disciplined expense control. For the full year, we opened a record 86 stores and grew our Ollie’s Army loyalty program by more than
Mr. van der Valk concluded, “We are super proud of our achievements in fiscal 2025. We delivered against virtually every single metric and goal we set for ourselves at the beginning of the year. That’s now behind us, and we are focused on building on this success, seizing new opportunities, delivering another year of Good Stuff Cheap® to our customers, and strong results for our shareholders.”
| Thirteen weeks ended | Fiscal year ended | ||||||||||||||
| January 31, | February 1, | January 31, | February 1, | ||||||||||||
| Dollars in thousands, except per share data | 2026 | 2025 | 2026 | 2025 | |||||||||||
| Net sales | $ | 779,256 | $ | 667,084 | $ | 2,649,198 | $ | 2,271,705 | |||||||
| Yr/yr change | 16.8 | % | 2.8 | % | 16.6 | % | 8.0 | % | |||||||
| Comparable store sales change(1) | 3.6 | % | 2.8 | % | 3.7 | % | 2.8 | % | |||||||
| Net income | $ | 85,554 | $ | 68,554 | $ | 240,596 | $ | 199,762 | |||||||
| Net income per diluted share | $ | 1.39 | $ | 1.11 | $ | 3.89 | $ | 3.23 | |||||||
| Adjusted net income per diluted share | $ | 1.39 | $ | 1.19 | $ | 3.86 | $ | 3.28 | |||||||
| Yr/yr change | 16.8 | % | (3.3 | %) | 17.7 | % | 12.7 | % | |||||||
| Adjusted EBITDA | $ | 127,132 | $ | 109,355 | $ | 365,961 | $ | 313,076 | |||||||
| % of net sales | 16.3 | % | 16.4 | % | 13.8 | % | 13.8 | % | |||||||
| Store openings | - | 13 | 86 | 50 | |||||||||||
| Store growth, yr/yr change | 15.4 | % | 9.2 | % | 15.4 | % | 9.2 | % | |||||||
| (1)Calculated based on the comparable number of weeks from the prior year. | |||||||||||||||
Fourth Quarter Fiscal 2025 Highlights and Year-Over-Year Comparisons
- Opened a record 86 stores for the fiscal year and ended the period with 645 stores in 34 states, an increase of
15.4% . - Ollie’s Army loyalty members increased
12.1% to 17.0 million members. - Net sales increased
16.8% to$779.3 million , driven by new store unit growth and an increase in comparable store sales. - Comparable store sales increased
3.6% , driven by an increase in basket and transactions. Seasonal, consumables, hardware, stationery, and sporting goods were the top performing categories in the quarter. - Gross margin of
39.9% was ahead of plan and the year-over-year decrease of 80 basis points was primarily from planned investments in price. - Selling, general, and administrative (“SG&A”) expenses as a percentage of net sales decreased 130 basis points to
24.2% . Excluding a one-time expense of$5.5 million for the accelerated expense resulting from the modification of existing equity awards for our Executive Chairman in last year’s fourth quarter, SG&A expenses as a percentage of net sales decreased 40 basis points to24.2% . The decrease was primarily driven by leverage of our fixed costs from the increase in comparable store sales and benefits from our optimization efforts in marketing. - Pre-opening expenses decreased
53.3% to$2.3 million , driven by the earlier timing of new store openings this year versus last year. - Adjusted net income increased
16.4% to$85.4 million and adjusted net income per diluted share increased16.8% to$1.39 . - Total cash and investments increased
31.3% , or$134.1 million , to$562.8 million . This included cash and cash equivalents of$259.7 million , short-term investments of$36.6 million , and long-term investments of$266.5 million . - The Company repurchased
$33.6 million of common stock in the fourth quarter and$73.8 million of common stock for the fiscal year.
Outlook
The Company is providing the following initial outlook for the fiscal year 2026 ending January 30, 2027.
| New store openings | 75 |
| Net sales | |
| Comparable store sales growth | ~ |
| Gross margin | ~ |
| Operating income | |
| Adjusted net income(1)(2) | |
| Adjusted net income per diluted share(1)(2) | |
| Annual effective tax rate(2) | ~ |
| Diluted weighted average shares outstanding | ~61.4 million |
| Capital expenditures | |
| Share repurchases | ~ |
| (1)Includes interest income of approximately | |
| (2)Excludes the excess tax benefits related to stock-based compensation, as the Company cannot predict such | |
| estimates without unreasonable effort. | |
Conference Call Information
A conference call to discuss fourth quarter and fiscal year 2025 financial results is scheduled for today, March 12, 2026, at 8:30 a.m. Eastern Time. To access the live conference call, please preregister here. Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company’s website at https://investors.ollies.com/. A replay of the conference call webcast will be available on the investor relations website for one year.
About Ollie’s
Ollie’s is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to
Non-GAAP Reconciliation
The Company’s results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income (loss), Adjusted net income (loss) per diluted share, EBITDA, and Adjusted EBITDA are non-GAAP measures, and are not intended to replace GAAP financial information, and may be different from non-GAAP measures reported by other companies. The Company believes the income and expense items excluded as non-GAAP adjustments are not reflective of the performance of its core business, and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business.
Please refer to the “Reconciliation of GAAP to Non-GAAP Financial Measures” table included in this press release, which sets forth the non-GAAP operating adjustments for the 13-week and 52-week periods ended January 31, 2026 and February 1, 2025.
Forward-Looking Statements
This press release contains certain forward-looking statements, which includes but is not limited to statements regarding industry trends, value creation, customer trends, new stores, distribution centers, and various financial outlook figures, including new store openings, net sales, comparable store sales, gross margin, SG&A, operating income, net income, adjusted net income, adjusted net income per diluted share, effective tax rate, diluted weighted average shares outstanding and capital expenditures. All forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, are subject to the finalization of the Company’s quarterly financial and accounting procedures, and may be affected by certain risks and uncertainties, any one, or a combination, of which could materially affect the results of the Company’s operations. Forward-looking statements are usually identified by or are associated with such words as “could”, “may”, “might”, “will,” “likely”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “expects”, “continues”, “projects”, “forecasts”, and similar terminology. Actual results could vary materially from the expectations reflected in these statements. As with any business, all phases of our operations are subject to factors outside of our control. These factors include, without limitation, the impact of the recent tariff announcements and the corresponding macroeconomic pressures and those factors discussed in the “Risk Factors” section of the Company’s Annual Reports or Form 10-K and other filings with the Securities and Exchange Commission. Forward-looking statements made by or on behalf of the Company are based on knowledge of its business and the environment in which it operates, but because of the factors listed above, actual results could differ materially from those reflected by any forward-looking statements. Consequently, all of the forward-looking statements made are qualified by these cautionary statements and those contained in the Company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. There can be no assurance that the results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business and operations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.
Investor Contact
John Rouleau
Managing Director of Corporate Communication & Business Development
JRouleau@ollies.us
Media Contact
Tom Kuypers
Senior Vice President, Marketing
tkuypers@ollies.us
Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Statements of Income (unaudited)
(In thousands except for per share amounts)
| Thirteen weeks ended | Fiscal year ended | ||||||||||||||
| January 31, | February 1, | January 31, | February 1, | ||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net sales | $ | 779,256 | $ | 667,084 | $ | 2,649,198 | $ | 2,271,705 | |||||||
| Cost of sales | 468,335 | 395,480 | 1,576,254 | 1,357,253 | |||||||||||
| Gross profit | 310,921 | 271,604 | 1,072,944 | 914,452 | |||||||||||
| Selling, general and administrative expenses | 188,421 | 169,847 | 709,002 | 612,406 | |||||||||||
| Depreciation and amortization expenses | 11,157 | 9,208 | 40,996 | 33,224 | |||||||||||
| Pre-opening expenses | 2,252 | 4,824 | 25,281 | 19,319 | |||||||||||
| Operating income | 109,091 | 87,725 | 297,665 | 249,503 | |||||||||||
| Interest income, net | (4,873 | ) | (4,054 | ) | (18,719 | ) | (16,311 | ) | |||||||
| Income before income taxes | 113,964 | 91,779 | 316,384 | 265,814 | |||||||||||
| Income tax expense | 28,410 | 23,225 | 75,788 | 66,052 | |||||||||||
| Net income | $ | 85,554 | $ | 68,554 | $ | 240,596 | $ | 199,762 | |||||||
| Earnings per common share: | |||||||||||||||
| Basic | $ | 1.40 | $ | 1.12 | $ | 3.92 | $ | 3.26 | |||||||
| Diluted | $ | 1.39 | $ | 1.11 | $ | 3.89 | $ | 3.23 | |||||||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic | 61,260 | 61,335 | 61,322 | 61,339 | |||||||||||
| Diluted | 61,666 | 61,884 | 61,773 | 61,767 | |||||||||||
| Percentage of net sales: | |||||||||||||||
| Net sales | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | |||||||
| Cost of sales | 60.1 | 59.3 | 59.5 | 59.7 | |||||||||||
| Gross profit | 39.9 | 40.7 | 40.5 | 40.3 | |||||||||||
| Selling, general and administrative expenses | 24.2 | 25.5 | 26.8 | 27.0 | |||||||||||
| Depreciation and amortization expenses | 1.4 | 1.4 | 1.5 | 1.5 | |||||||||||
| Pre-opening expenses | 0.3 | 0.7 | 1.0 | 0.9 | |||||||||||
| Operating income | 14.0 | 13.2 | 11.2 | 11.0 | |||||||||||
| Interest income, net | (0.6 | ) | (0.6 | ) | (0.7 | ) | (0.7 | ) | |||||||
| Income before income taxes | 14.6 | 13.8 | 11.9 | 11.7 | |||||||||||
| Income tax expense | 3.6 | 3.5 | 2.9 | 2.9 | |||||||||||
| Net income | 11.0 | % | 10.3 | % | 9.1 | % | 8.8 | % | |||||||
| Components may not add to totals due to rounding. | |||||||||||||||
Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Balance Sheets (unaudited)
(In thousands)
| January 31, | February 1, | ||||||
| Assets | 2026 | 2025 | |||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 259,680 | $ | 205,123 | |||
| Short-term investments | 36,628 | 223,546 | |||||
| Inventories | 650,260 | 552,542 | |||||
| Accounts receivable | 3,805 | 2,352 | |||||
| Prepaid expenses and other current assets | 13,692 | 10,228 | |||||
| Total current assets | 964,065 | 993,791 | |||||
| Property and equipment, net | 382,242 | 334,961 | |||||
| Operating lease right-of-use assets | 663,848 | 554,737 | |||||
| Goodwill | 444,850 | 444,850 | |||||
| Trade name | 230,559 | 230,559 | |||||
| Long-term investments | 266,455 | - | |||||
| Other assets | 2,934 | 2,247 | |||||
| Total assets | $ | 2,954,953 | $ | 2,561,145 | |||
| Liabilities and Stockholders’ Equity | |||||||
| Current liabilities: | |||||||
| Current portion of long-term debt | $ | 569 | $ | 556 | |||
| Accounts payable | 169,345 | 130,279 | |||||
| Income taxes payable | 9,823 | 1,707 | |||||
| Current portion of operating lease liabilities | 108,854 | 83,944 | |||||
| Accrued expenses and other current liabilities | 111,857 | 87,855 | |||||
| Total current liabilities | 400,448 | 304,341 | |||||
| Long-term debt | 974 | 1,040 | |||||
| Deferred income taxes | 89,924 | 81,124 | |||||
| Long-term portion of operating lease liabilities | 575,531 | 479,330 | |||||
| Total liabilities | 1,066,877 | 865,835 | |||||
| Stockholders’ equity: | |||||||
| Common stock | 68 | 67 | |||||
| Additional paid-in capital | 761,300 | 735,284 | |||||
| Retained earnings | 1,608,309 | 1,367,713 | |||||
| Treasury - common stock | (481,601 | ) | (407,754 | ) | |||
| Total stockholders’ equity | 1,888,076 | 1,695,310 | |||||
| Total liabilities and stockholders’ equity | $ | 2,954,953 | $ | 2,561,145 | |||
Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Statements of Cash Flows (unaudited)
(In thousands)
| Thirteen weeks ended | Fiscal year ended | ||||||||||||||
| January 31, | February 1, | January 31, | February 1, | ||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net cash provided by operating activities | $ | 182,367 | $ | 147,760 | $ | 296,539 | $ | 227,454 | |||||||
| Net cash used in investing activities | (33,811 | ) | (71,895 | ) | (179,925 | ) | (255,341 | ) | |||||||
| Net cash (used in) provided by financing activities | (33,575 | ) | 573 | (62,057 | ) | (33,252 | ) | ||||||||
| Net increase (decrease) in cash and cash equivalents | 114,981 | 76,438 | 54,557 | (61,139 | ) | ||||||||||
| Cash and cash equivalents, beginning of the period | 144,699 | 128,685 | 205,123 | 266,262 | |||||||||||
| Cash and cash equivalents, end of the period | $ | 259,680 | $ | 205,123 | $ | 259,680 | $ | 205,123 | |||||||
Ollie’s Bargain Outlet Holdings, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited)
(In thousands except for per share amounts)
| Thirteen weeks ended | Fiscal year ended | ||||||||||||||
| January 31, | February 1, | January 31, | February 1, | ||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net income | $ | 85,554 | $ | 68,554 | $ | 240,596 | $ | 199,762 | |||||||
| Excess tax benefits related to stock-based compensation(1) | (137 | ) | (654 | ) | (2,090 | ) | (2,832 | ) | |||||||
| Acceleration of stock awards expense(2) | - | 5,488 | - | 5,488 | |||||||||||
| Adjusted net income | $ | 85,417 | $ | 73,388 | $ | 238,506 | $ | 202,418 | |||||||
| Net income per diluted share | $ | 1.39 | $ | 1.11 | $ | 3.89 | $ | 3.23 | |||||||
| Adjustments as noted above, per dilutive share: | |||||||||||||||
| Excess tax benefits related to stock-based compensation(1) | - | (0.01 | ) | (0.03 | ) | (0.05 | ) | ||||||||
| Acceleration of stock awards expense(2) | - | 0.09 | - | 0.09 | |||||||||||
| Adjusted net income per diluted share | $ | 1.39 | $ | 1.19 | $ | 3.86 | $ | 3.28 | |||||||
| Diluted weighted-average common shares outstanding | 61,666 | 61,884 | 61,773 | 61,767 | |||||||||||
| Net income | $ | 85,554 | $ | 68,554 | $ | 240,596 | $ | 199,762 | |||||||
| Interest income, net | (4,873 | ) | (4,054 | ) | (18,719 | ) | (16,311 | ) | |||||||
| Depreciation and amortization expenses | 14,787 | 12,592 | 55,236 | 44,128 | |||||||||||
| Income tax expense | 28,410 | 23,225 | 75,788 | 66,052 | |||||||||||
| EBITDA | 123,878 | 100,317 | 352,901 | 293,631 | |||||||||||
| Non-cash stock-based compensation expense | 3,254 | 9,038 | 13,060 | 19,445 | |||||||||||
| Adjusted EBITDA | $ | 127,132 | $ | 109,355 | $ | 365,961 | $ | 313,076 | |||||||
| Components may not add to totals due to rounding. | |||||||||||||||
| (1) Amount represents the impact from the recognition of excess tax benefits pursuant to Accounting Standards Update 2016-09, Stock | |||||||||||||||
| Compensation | |||||||||||||||
| (2) Represents the one-time expense for the accelerated expense resulting from the modification of existing equity awards for our Executive | |||||||||||||||
| Chairman | |||||||||||||||
Ollie’s Bargain Outlet Holdings, Inc.
Key Statistics (unaudited)
(Dollars in thousands)
| Thirteen weeks ended | |||||||
| January 31, | February 1, | ||||||
| 2026 | 2025 | ||||||
| Number of stores - beginning of period | 645 | 546 | |||||
| Store openings | - | 13 | |||||
| Store closings | - | - | |||||
| Number of stores - end of period | 645 | 559 | |||||
| Yr/yr store growth | 15.4 | % | 9.2 | % | |||
| Comparable stores sales change | 3.6 | % | 2.8 | % | |||
| Comparable store count – end of period | 539 | 498 | |||||
| Total cash and investments(1) | $ | 562,763 | $ | 428,669 | |||
| Capital expenditures | $ | 17,991 | $ | 24,384 | |||
| Share repurchases | $ | 33,647 | $ | 5,749 | |||
| (1) Includes cash and cash equivalents, short-term investments, and long-term investments. | |||||||
