08:04 AM EDT, 06/03/2025 (MT Newswires) -- Ollie's Bargain Outlet (OLLI) reported fiscal Q1 adjusted net income Tuesday of $0.75 per diluted share, up from $0.73 a year earlier.

Analysts polled by FactSet expected $0.71.

Sales for the fiscal quarter ended May 3 were $576.8 million, up from $508.8 million a year earlier.

Analysts surveyed by FactSet expected $566.2 million.

For fiscal 2025, the discount retailer continues to expect adjusted net income of $3.65 to $3.75 per diluted share while raising its sales outlook to $2.58 billion to $2.60 billion, from $2.56 billion to $2.59 billion previously.

Analysts polled by FactSet expect non-GAAP EPS $3.73 on sales of $2.58 billion

Ollie's Bargain Outlet shares were down 2.8% in recent premarket activity.