Ollies Bargain Outlet Holdings Inc
Q3 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.77%.
Did OLLI Beat Earnings? Q3 2026 Results
Ollie's Bargain Outlet posted a solid fiscal third-quarter beat on the bottom line, with earnings per share of $0.75 clearing the $0.73 consensus estimate by 2.43%, even as revenue of $613.62 million came in fractionally below the $614.38 million expected, a miss of just 0.12%. The headline figures, however, tell only part of the story: net sales surged 18.6% year over year, powered by a record 32 new store openings in the quarter that lifted the total footprint to 645 locations across 34 states. A 3.3% comparable store sales gain, driven by transaction growth, marked a meaningful reversal from the prior year's 0.5% comp decline, while the Ollie's Army loyalty program expanded 11.8% to 16.6 million members. Management responded with a raised full-year outlook, now guiding adjusted EPS to $3.81 to $3.87 and targeting net sales of $2.65 to $2.65 billion, even as tariff-related cost pressures and dark rent from bankruptcy-acquired Big Lots leases remain watchpoints heading into the holiday quarter. RBC has named OLLI among its top retail picks for 2026, citing the company's store expansion pipeline and potential macro tailwinds favoring off-price retail.
- Record 32 new store openings in Q3, bringing total to 645 stores in 34 states
- Comparable store sales increased 3.3%, driven by continued strength in transactions
- Ollie's Army loyalty members grew 11.8% to 16.6 million
- SG&A as a percentage of net sales decreased 50 basis points to 29.4% from lower professional fees, stock-based compensation, and marketing spend optimization
- Higher merchandise margins partially offset incremental tariff-driven supply chain costs
- Widened price gaps to traditional retailers
“Thanks to the extraordinary execution of our team, we delivered another strong performance in the third quarter. We opened a record number of stores, continued to accelerate membership growth of our Ollie's Army loyalty program, widened our price gaps to the fancy stores, and delivered industry-leading sales growth, all while driving significant improvement on the bottom-line.”
Ollie's Bargain Outlet CEO, on the earnings call
Forward Guidance & Outlook
Ollie's raised its fiscal 2025 outlook: net sales of $2.648 to $2.655 billion (up from $2.631 to $2.644 billion), comparable store sales increase of 3.2% to 3.5% (from 3.0% to 3.5%), gross margin of 40.3%, operating income of $293 to $298 million, adjusted net income of $236 to $239 million, and adjusted net income per diluted share of $3.81 to $3.87 (from $3.76 to $3.84). Annual effective tax rate expected at approximately 24%, diluted weighted average shares outstanding of approximately 62 million, and capital expenditures of approximately $88 million. The outlook includes approximately $5 million of dark rent expenses ($0.06 per adjusted diluted share) related to bankruptcy-acquired leases and approximately $19 million of interest income. For fiscal 2026, the company is targeting 75 new store openings, with the majority planned for the first half of the fiscal year.
OLLI YoY Financials
Figures from SEC filings and company reports. Not investment advice.