Loading...
•
Feb 01, 2025
Ollie's Q4 2024 Earnings Report
Ollie’s reported solid Q4 results with growth in net sales and comparable store sales but faced increased expenses that impacted operating income and net income.
Key Takeaways
Ollie’s Bargain Outlet Holdings, Inc. saw a 2.8% increase in net sales and comparable store sales in Q4 2024. Despite this growth, operating income and net income were lower due to higher SG&A and pre-opening expenses. The company continued its expansion with 13 new stores and maintains a strong balance sheet.
Q4 net sales increased to $667,084,000, up 2.8%.
Comparable store sales grew by 2.8%.
Net income for the quarter was $68,554,000 with EPS of $1.11.
13 new store openings brought the total store count to 559.
Forward Guidance
For fiscal 2025, Ollie’s anticipates continuing store expansion with 75 new openings, moderate sales growth, and strong margins despite expected increases in expenses.
Positive Outlook
- Targeting 75 new store openings for fiscal 2025.
- Net sales projected between $2.564 billion and $2.586 billion.
- Comparable store sales expected to grow 1% to 2%.
- Gross margin expected to remain at 40%.
- Strong balance sheet supports ongoing investments and growth.
Challenges Ahead
- Dark rent expenses of approximately $5 million included in pre-opening expenses.
- Interest income assumptions could be affected by lower rates.
- SG&A expenses likely to remain elevated due to expansion.
- Potential cost increases from acquisitions and integrations.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...