March 19, 2025 - 20:56
Ollie's Bargain Outlet Holdings, Inc. has announced its financial performance for the fourth quarter and the entire fiscal year 2024, showcasing a solid increase in comparable store sales. For the fourth quarter, comparable store sales rose by 2.8%, reflecting a positive trend in customer engagement and purchasing behavior. The company reported total net sales of $667.1 million during this period.
Earnings per share for the fourth quarter stood at $1.11, while adjusted earnings per share were reported at $1.19, indicating robust profitability and effective cost management. These results demonstrate the company's resilience in a competitive retail landscape.
Looking ahead, Ollie's is setting ambitious goals for fiscal 2025, with plans to open 75 new stores. This expansion strategy aims to enhance its market presence and cater to a growing customer base, positioning the company for continued growth in the coming years.
