Ollie's Bargain Outlet Reports 18.6% Revenue Growth to $613.6 Million

Ollie's Bargain Outlet Holdings, Inc. reported significant financial growth in its latest quarterly results, with net sales reaching $613.6 million for the thirteen weeks ended November 1, 2025, marking an 18.6% increase from $517.4 million in the same period last year. Year-to-date, net sales also rose by 16.6% to $1.87 billion compared to $1.60 billion in the prior year. The company's net income for the third quarter was $46.2 million, up 28.7% from $35.9 million a year earlier, while year-to-date net income increased by 18.2% to $155.0 million.

The growth in revenue was primarily driven by new store openings and an increase in comparable store sales, which rose by 3.3% in the third quarter, compared to a 0.5% decline in the previous year. Ollie's opened 32 new stores during the quarter, a notable increase from 24 openings in the same period last year, with 23 of these being acquired from bankrupt retailers. The total number of stores as of November 1, 2025, stood at 645 across 34 states, reflecting the company's ongoing expansion strategy.

Ollie's gross profit for the third quarter was $253.7 million, an increase of 18.3% from $214.5 million in the prior year, although gross margin slightly decreased to 41.3% from 41.4%. This decline was attributed to higher supply chain costs, including tariffs, which offset improvements in merchandise margins. Selling, general, and administrative expenses rose to $180.3 million, up 16.7% year-over-year, primarily due to increased selling expenses associated with new store growth. However, as a percentage of net sales, SG&A expenses decreased to 29.4% from 29.9%.

Looking ahead, Ollie's management remains optimistic about future growth, emphasizing their strategy of expanding the store base and enhancing product offerings. The company plans to invest approximately $88 million in capital expenditures for the fiscal year, primarily for new store openings and improvements to existing locations. With $186 million in cash and cash equivalents and $88.1 million available under its revolving credit facility, Ollie's is well-positioned to finance its growth initiatives. The company also continues to execute its share repurchase program, having repurchased 346,032 shares for $40.2 million in the year-to-date period.