Robert Helm
Executive VP & CFO at Ollie's Bargain Outlet
Not included in our guidance is any benefit to comparable store sales from the Big Lots stores closures. We remain confident that this will be a net benefit to us in fiscal twenty twenty five, but it's difficult to predict how and when this will play out. The majority of the Big Lots stores are still in the process of closing or have very recently just closed and our sample size is still relatively small. In the handful of overlapping markets where the Big Lots stores have been closed for longer than a few weeks, our stores in these markets are coming better than our stores outside of those markets. With all of that said, our initial guidance for fiscal twenty twenty five is the following approximately 75 new store openings, total net sales of $2,564,000,000 to $2,586,000,000 comparable store sales growth of 1% to 2% gross margin of approximately 40% operating income of $283,000,000 to $292,000,000 adjusted net income of $225,000,000 to $232,000,000 and adjusted net income per diluted share of $3.65 to $3.75 These estimates assume depreciation amortization expenses of $54,000,000 inclusive of $14,000,000 within cost of goods sold, reopening expenses of $21,000,000 which includes dark rent of approximately $5,000,000 related to the acquired Big Lots locations, and annual effective tax rate of 25%, which excludes the tax benefits related to stock based compensation, diluted weighted average shares outstanding of approximately $62,000,000 and capital expenditures of approximately 83,000,000 million dollars to $88,000,000 which includes the build out of the Big Lots stores.
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