Ollie's Bargain Outlet Raises FY2025 Adj EPS Guidance from $3.76-$3.84 to $3.81-$3.87 vs $3.85 Est; Raises FY2025 Sales Guidance from $2.631B-$2.644B to $2.648B-$2.655B vs $2.644B Est

Outlook   

The Company is raising its previously provided sales and earnings outlook for fiscal 2025. A comparison of the current and previous outlook figures is contained in the table below.

	Current		Previous
Store Openings	86		85
Net sales	$2.648 to $2.655 billion		$2.631 to $2.644 billion
Comparable store sales increase	3.2% to 3.5%		3.0% to 3.5%
Gross margin	40.3%		40.3%
Operating income(1)	$293 to $298 million		$292 to $298 million
Adjusted net income (1)(2)(3)	$236 to $239 million		$233 to $237 million
Adjusted net income per diluted share(1)(2)(3)	$3.81 to $3.87		$3.76 to $3.84
Annual effective tax rate(3)	~ 24%		~ 25%
Diluted weighted average shares outstanding	~ 62 million		~ 62 million
Capital expenditures	~ $88 million		$83 to $88 million

Looking ahead, the Company is currently targeting 75 new store openings in fiscal 2026, with the majority of these planned to open in the first half of the fiscal year.