Segment Reporting and Entity-Wide Information (Tables)

3 Months Ended

May 03, 2025

The following table summarizes the percentage of net sales by each product group for each period presented:


(1)	In fiscal 2024, the Company reclassified certain products out of the Home category and into the Consumables category. These products included cleaning supplies, floor care, and other products such as paper goods. Prior periods have been adjusted for comparability.

Our single segment net sales, net income, and significant expenses are as follows for the thirteen weeks ended May 3, 2025 and May 4, 2024:


		May 3,			May 4,
		2025			2024
Net sales	$	576,767		$	508,818
Cost of sales		339,736			299,460
Selling, general, and administrative expenses other		112,522			95,783
Occupancy		33,430			29,398
Advertising expenses ⁽¹⁾		15,716			14,089
Depreciation and amortization expenses ⁽²⁾		9,357			7,716
Stock-based compensation expense		3,164			3,149
Pre-opening expenses		6,656			2,726
Interest income, net		(4,788	)		(4,301	)
Income tax expense		13,414			14,456
Segment income		47,560			46,342

Reconciliation of profit or loss:
Adjustments and reconciling items		-			-
Consolidated net income	$	47,560		$	46,342


(1)	Expenses reported in operating expenses excludes advertising expenses recorded in pre-opening.
(2)	Expenses reported in operating expenses excludes depreciation and amortization recorded in cost of sales.

Ollie's Bargain Outlet Holdings, Inc. 10-Q