Record Store Openings and Growth
Ollie's opened 25 new stores in Q1 2025, a record for any period in its history, and four stores ahead of plan. This contributed to a 13% increase in net sales to $577 million.
Comparable Store Sales Increase
Comparable store sales increased by 2.6% in Q1, driven by a rise in transactions, with strong performance in categories like food, hardware, electronics, domestics, and housewares.
Strong Financial Position
Ollie's reported cash, cash equivalents, and short-term investments of $370 million with no meaningful long-term debt. The company also reaffirmed its financial outlook for fiscal year 2025.
Loyalty Program Expansion
The Ollie's Army loyalty program grew by 9% in Q1, reaching 15.5 million members. Members account for over 80% of sales, spending close to 40% more per visit.