By Dean Seal

Ollie's Bargain Outlet raised its full-year guidance on the back of a strong second quarter for revenue, profit and store openings.

The Harrisburg, Penn., discount retailer on Thursday said it now expects $2.63 billion to $2.64 billion in sales this year along with adjusted earnings of $3.76 to $3.84 a share. It had previously targeted about $2.6 billion in sales and adjusted earnings of $3.65 to $3.75 a share.

The lift follows a second quarter in which new store openings, revenue, comparable-store sales growth and earnings were well ahead of internal expectations, Chief Executive Eric van der Valk said.

"Consumers responded to our compelling assortment of bargains, especially in our consumer staples and seasonal categories," he said.

For the second quarter ended Aug. 3, Ollie's posted a profit of $61.3 million, compared with $49 million a year earlier. Adjusted earnings were 99 cents a share. Analysts polled by FactSet had been projecting 93 cents a share.

Sales climbed more than 17% to $679.6 million, beating analyst forecasts for $662 million.

Comparable sales were up 5% and Ollie's opened 29 new stores, making its footprint 17% bigger than where it ended the second quarter of 2024.

Shares were up 5.5% at $137.79 in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

August 28, 2025 07:58 ET (11:58 GMT)

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