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OLLI

Ollie's Bargain Outlet Holdings, Inc.

OLLI

Ollie's Bargain Outlet Holdings, Inc. • NASDAQ
$123.11 ▼ -1.69% (-2.11)
Market Cap $7.55 B
52w High $141.74
52w Low $94.15
Dividend Yield 0%
P/E 35.68
Volume 309.49K
Outstanding Shares 61.34M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $679.556M ▲ $194.364M ▲ $61.31M ▲ 9.022% ▲ $1 ▲ $91.424M ▲
Q1-2025 $576.767M ▼ $164.832M ▼ $47.56M ▼ 8.246% ▼ $0.78 ▼ $73.746M ▼
Q4-2024 $667.084M ▲ $183.879M ▲ $68.554M ▲ 10.277% ▲ $1.12 ▲ $104.33M ▲
Q3-2024 $517.428M ▼ $169.937M ▲ $35.884M ▼ 6.935% ▼ $0.59 ▼ $63.37M ▼
Q2-2024 $578.375M $145.673M $48.982M 8.469% $0.8 $75.345M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $317.056M ▼ $2.802B ▲ $1.016B ▲ $1.786B ▲
Q1-2025 $369.508M ▼ $2.707B ▲ $977.166M ▲ $1.73B ▲
Q4-2024 $428.669M ▲ $2.561B ▲ $865.835M ▲ $1.695B ▲
Q3-2024 $303.911M ▼ $2.471B ▲ $853.87M ▲ $1.617B ▲
Q2-2024 $353.144M $2.374B $783.622M $1.591B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $61.31M ▲ $80.712M ▲ $-39.744M ▼ $-8.823M ▲ $32.145M ▲ $80.712M ▲
Q1-2025 $47.56M ▼ $28.702M ▼ $-18.266M ▲ $-16.541M ▼ $-6.105M ▼ $1.962M ▼
Q4-2024 $68.554M ▲ $147.76M ▲ $-71.895M ▼ $573K ▲ $76.438M ▲ $123.376M ▲
Q3-2024 $35.884M ▼ $-4.365M ▼ $-24.048M ▲ $-13.502M ▼ $-41.915M ▼ $-35.381M ▼
Q2-2024 $48.982M $43.875M $-90.883M $5.358M $-41.65M $5.586M

Five-Year Company Overview

Income Statement

Income Statement Ollie’s has grown its sales at a healthy pace over the last few years, especially more recently, after a softer period around 2021–2022. Profitability dipped during that time as costs rose and margins were squeezed, but operating profit and net earnings have since recovered and are now clearly stronger than at the trough, though not dramatically above the best pre-dip year. Gross margins have largely held up, suggesting the company has been able to maintain its value pricing while still protecting markups. Overall, the income statement shows a mature but still expanding discount retailer that worked through a rough patch and came out with improving earnings power, but not without some past volatility that could reappear if cost pressures or consumer demand shift again.

Balance Sheet

Balance Sheet The balance sheet looks conservative and gradually stronger. Total assets have grown as the store base and distribution infrastructure expanded. Equity has steadily increased, which points to retained profits and a thicker financial cushion. Debt has risen, but only slowly, and remains modest compared with the company’s equity base, implying moderate leverage rather than an aggressive borrowing stance. Cash has come down from earlier highs but remains meaningful, so the company does not appear to be stretched for liquidity. In plain terms, Ollie’s seems to be funding growth in a balanced way, without taking on a risky debt load.

Cash Flow

Cash Flow Cash generation has been consistently positive, though not always smooth. Operating cash flow was exceptionally strong a few years ago, then dipped, and has since rebuilt to more solid levels. Free cash flow has generally stayed in positive territory even as the company increased its investment in new stores and supply chain assets. Capital spending has risen but remains aligned with what the business can support from its own cash generation. This pattern suggests a company that is reinvesting for growth while keeping its cash flows intact, although the swings in operating cash remind us that working capital and inventory dynamics can significantly influence year-to-year results.

Competitive Edge

Competitive Edge Ollie’s sits in a resilient corner of retail: value-focused discount stores. Its edge comes from sourcing recognized brands at steep discounts, relying on long-built relationships with suppliers and an opportunistic buying model that is hard for new entrants to copy quickly. The in-store “treasure hunt” experience and large, data-rich loyalty program deepen customer engagement and drive repeat visits, which supports steady traffic even in tougher economic times. On the other hand, the company faces intense competition from other off-price chains, dollar stores, and big-box retailers. Its minimal online presence is a deliberate choice but also a strategic risk if consumer behavior shifts more toward digital over time. Overall, Ollie’s appears to have a distinct niche and a defensible moat, but one that still depends heavily on maintaining supply of attractive closeout deals and keeping the in-store experience compelling.

Innovation and R&D

Innovation and R&D Ollie’s form of innovation is practical rather than flashy. The company is investing in automated and more efficient distribution centers to support expansion into new regions, which can lower handling costs and improve in-stock positions. It also uses customer data from its loyalty program to sharpen merchandising and promotions, effectively turning data analytics into a quiet engine of sales growth. There is little emphasis on traditional research and development; instead, the focus is on process improvements, store expansion, and selective private-label offerings. The lack of a serious e-commerce strategy is intentional but could become an area that requires future innovation if shopping patterns evolve further. The main opportunity lies in continuing to upgrade logistics and data use without losing the low-cost culture that underpins the brand.

Summary

Taken together, Ollie’s looks like a value retailer that has successfully grown while keeping its financial footing relatively sturdy. Revenue and profits are on an upward trend after a period of margin pressure, the balance sheet is sound with moderate leverage, and cash flows support ongoing investment. Its competitive strength stems from a clear, simple proposition—well-known brands at bargain prices—backed by supplier relationships, a loyal customer base, and a distinctive in-store experience. The company’s growth strategy leans on opening more stores and improving its supply chain rather than pursuing online channels or high-tech retail concepts. Key uncertainties include how well it can continue sourcing attractive closeout inventory at scale, how disciplined it remains in expansion, and whether its store-centric model continues to match evolving consumer preferences. Overall, the picture is of a focused, operationally disciplined discounter with meaningful strengths and some manageable, but real, strategic risks.

NEWS

November 25, 2025 · 8:00 AM UTC

Ollie's Bargain Outlet Holdings, Inc. Announces Third Quarter Fiscal 2025 Earnings Release Date and Conference Call Information

Read more