Ollies Bargain Outlet Holdings Inc
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +2.66%.
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 $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 <a href="https://247wallst.com/investing/2025/07/23/stock-market-live-july-23-japan-trade-deal-news-drives-sp-500-voo-to-new-highs/">the broader market this year</a>, 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.
- 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
“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.”
Ollie's Bargain Outlet CEO, on the earnings call
Forward Guidance & Outlook
The company raised its full-year fiscal 2025 outlook: store openings increased to 85 (from 75); net sales range raised to $2.631–$2.644 billion (from $2.579–$2.599 billion); comparable store sales growth raised to 3.0%–3.5% (from 1.4%–2.2%); gross margin expected at 40.3% (from 40.0%); operating income of $292–$298 million (from $283–$292 million); adjusted net income of $233–$237 million (from $225–$232 million); adjusted net income per diluted share of $3.76–$3.84 (from $3.65–$3.75); annual effective tax rate of approximately 25%; diluted weighted average shares outstanding of approximately 62 million; capital expenditures of $83–$88 million. The outlook includes approximately $5 million in dark rent expenses related to bankruptcy-acquired leases and approximately $18 million in interest income, assuming the potential for lower interest rates.
OLLI YoY Financials
Figures from SEC filings and company reports. Not investment advice.