Shares of Ollie's Bargain Outlet (OLLI) jumped 5.51% in pre-market trading on Thursday, following the release of the company's impressive second-quarter fiscal 2025 results. The discount retailer's performance exceeded analysts' expectations on both earnings per share and revenue fronts, igniting investor enthusiasm.
According to the company's announcement, Ollie's reported adjusted earnings per share of $0.99 for the second quarter, comfortably surpassing the estimated $0.94. The strong bottom line was accompanied by robust top-line growth, with sales reaching $679.556 million, beating the Street's forecast of $668.437 million.
The better-than-expected results demonstrate Ollie's ability to navigate the challenging retail landscape successfully. As investors digest the positive earnings surprise, the stock's pre-market surge suggests growing confidence in the company's business model and future prospects. Market participants will likely keep a close eye on Ollie's performance in the coming quarters to see if this momentum can be sustained in an evolving consumer environment.