Q2 26 EPS
$0.99
BEAT +6.77%
Est. $0.93
Q2 26 Revenue
$679.6M
BEAT +2.62%
Est. $662.2M
vs S&P Since Q2 26
-57.5%
TRAILING MARKET
OLLI -42.7% vs S&P +14.8%
Market Reaction
Did OLLI Beat Earnings? Q2 2026 Results
Ollie's Bargain Outlet delivered a standout second quarter of fiscal 2026, posting earnings of $0.99 per diluted share against a consensus estimate of $0.93, a beat of 6.77%, while revenue climbed 17.5% year over year to $679.56 million, ahead of the… Read more Ollie's Bargain Outlet delivered a standout second quarter of fiscal 2026, posting earnings of $0.99 per diluted share against a consensus estimate of $0.93, a beat of 6.77%, while revenue climbed 17.5% year over year to $679.56 million, ahead of the $662.22 million analysts had expected. The single biggest engine behind the quarter was an aggressive store expansion push, with 29 new locations opening during the period compared to just 9 in the year-ago quarter, lifting the total store count to 613 across 34 states. Gross margin widened 200 basis points to 39.9%, supported by lower supply chain costs and stronger merchandise margins, helping operating margin expand to 11.3%. With shares already outperforming the broader market this year, management raised its full-year outlook, lifting the store opening target to 85, guiding net sales to $2.63 to $2.64 billion, and increasing adjusted EPS guidance to $3.76 to $3.84, with comparable store sales growth now expected in the 3.0% to 3.5% range.
Key Takeaways
- • Net sales increased 17.5% driven by new store unit growth and comparable store sales increase of 5.0%
- • Comparable store sales increase driven by higher transactions
- • Gross margin expanded 200 basis points to 39.9% from lower supply chain costs and higher merchandise margin
- • Strong consumer response to consumer staples and seasonal categories
- • Ollie's Army loyalty members grew 10.6% to 16.1 million members
- • Reimagined Ollie's Days event drove strong loyalty program enrollment
- • Adjusted EBITDA increased 26.0% to $93.8 million with margin expansion of 90 basis points
OLLI YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We had a very strong second quarter and are operating with the wind in our sails. We are driving the business to new heights through improved planning, coordination, and execution across the organization. New store openings, total sales, comparable store sales, and earnings were all ahead of our expectations in the quarter and we are raising our full-year outlook across the board.”
— Eric van der Valk, Q2 2026 Earnings Press Release
OLLI Earnings Trends
OLLI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OLLI EPS Trend
Earnings per share: estimate vs actual
OLLI Revenue Trend
Quarterly revenue: estimate vs actual
OLLI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.87 | $0.91 | +4.38% | $658.9M | -0.50% |
| Q4 26 MISS FY | $1.41 | $1.39 | -1.12% | $779.3M | -0.57% |
| FY Full Year | $3.91 | $3.86 | -1.38% | $2.65B | -0.16% |
| Q3 26 BEAT | $0.73 | $0.75 | +2.43% | $613.6M | -0.12% |
| Q2 26 BEAT | $0.93 | $0.99 | +6.77% | $679.6M | +2.62% |
| Q1 26 BEAT | $0.71 | $0.75 | +5.83% | $576.8M | +1.91% |