Ollie’s Bargain Outlet Ramps Up Store Openings & Inventory Wins—Is a Sales Surge Coming?

Ollie’s Bargain Outlet recently reported its financial results for the first quarter of fiscal year 2025. The company continues to deliver robust performance despite the prevailing dynamic retail environment, attributing much of its success to strategic initiatives and market opportunities. A significant positive takeaway from the announcement is Ollie’s accelerated store growth program. The company opened 25 new stores during the quarter, notably exceeding expectations, with many taking over previous Big Lots locations. This strategic expansion seems to be paying off, as these newly opened stores are performing well due to the pre-existing discount shopper base in those locales. Consequently, the firm’s total sales and comparable store sales were higher than anticipated, resulting in a notable increase in adjusted earnings.