By Connor Hart

Ollie's Bargain Outlet logged higher profit and a jump in sales during its fiscal fourth quarter, as the company reined in costs and shoppers continued to seek good deals.

The discount retailer on Thursday posted a profit of $85.6 million, or $1.39 a share, for the quarter ended Jan. 31. That compares with a profit of $68.6 million, or $1.11 a share, in last year's comparable period.

Stripping out one-time items, adjusted earnings were $1.39 a share, in line with analyst expectations, according to FactSet.

Sales jumped 17% to $779.3 million. Wall Street had modeled sales of $783.5 million.

Comparable sales--or those from stores and digital channels open for at least a year--climbed 3.6%, ahead of the 3.3% gain that analysts had forecast.

Chief Executive Eric van der Valk said solid comparable sales growth, healthy margins and disciplined expense control helped the company deliver better-than-expected sales and earnings.

Looking ahead, Ollie's Bargain Outlet guided for sales of $2.99 billion to $3.01 billion this year, and for same-store sales growth of approximately 2%. Wall Street had modeled sales of $3 billion as well as comparable sales growth of 2.1%.

Adjusted earnings are projected to come in between $4.40 a share and $4.50 a share. Analysts are looking for adjusted earnings of $4.48 a share.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 12, 2026 07:33 ET (11:33 GMT)

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