Ollie's Bargain Outlet Hldg (OLLI)

Gross profit margin

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Gross profit	US$ in thousands	914,452	832,365	832,365	656,094	656,094
Revenue	US$ in thousands	2,271,700	2,102,700	2,102,660	1,827,010	1,827,080
Gross profit margin		40.25%	39.59%	39.59%	35.91%	35.91%

January 31, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $914,452K ÷ $2,271,700K
= 40.25%

The gross profit margin of Ollie's Bargain Outlet Hldg has shown a steady improvement over the past few years. It stood at 35.91% in both January 28 and 31 of 2023, maintaining consistency. Subsequently, there was a notable increase to 39.59% in January 31 and February 3 of 2024, which was sustained through to the next year. By January 31, 2025, the gross profit margin further improved to 40.25%, indicating an upward trend in the company's ability to generate profit from its goods after accounting for the cost of goods sold. This growth suggests effective management of pricing strategies, cost control measures, and potentially an enhanced product mix, reflecting positively on Ollie's operational efficiency and overall financial performance.