Q1 27 EPS
$0.91
BEAT +4.38%
Est. $0.87
Q1 27 Revenue
$658.9M
MISS 0.50%
Est. $662.3M
vs S&P Since Q1 27
-6.0%
TRAILING MARKET
OLLI -7.2% vs S&P -1.3%
Market Reaction
Did OLLI Beat Earnings? Q1 2027 Results
Ollie's Bargain Outlet delivered a profit beat in its first quarter of fiscal 2027, posting adjusted diluted EPS of $0.91 against a consensus estimate of $0.87, a 4.38% beat, even as revenue of $658.93 million came in just shy of the $662.27 million … Read more Ollie's Bargain Outlet delivered a profit beat in its first quarter of fiscal 2027, posting adjusted diluted EPS of $0.91 against a consensus estimate of $0.87, a 4.38% beat, even as revenue of $658.93 million came in just shy of the $662.27 million analysts had expected, a 0.50% miss. The top line still represented a compelling 14.3% year-over-year gain, fueled by 27 new store openings in the quarter and a 1.7% increase in comparable store sales driven by larger basket sizes. The clearest engine behind the earnings beat was gross margin expansion of 80 basis points to 41.9%, as lower supply chain costs and modest merchandise margin gains flowed through to the bottom line. Adjusted EBITDA rose to $87.89 million, representing 13.3% of net sales, up from 12.5% a year ago. With institutional interest building and management lifting its full-year adjusted EPS outlook to $4.45 to $4.55 while planning roughly $125 million in share repurchases, Ollie's is signaling confidence in its off-price model despite a cautious consumer environment.
Key Takeaways
- • New store unit growth with 27 openings in the quarter, reaching 672 stores across 35 states
- • Comparable store sales increased 1.7%, driven primarily by an increase in basket
- • Gross margin expanded 80 basis points to 41.9%, driven by lower supply chain costs and a modest increase in merchandise margin
- • SG&A expenses as a percentage of net sales was flat at 28.6%, reflecting disciplined expense control
- • Ollie's Army loyalty members increased 12.6% to 17.5 million members
OLLI Forward Guidance & Outlook
Ollie's raised its fiscal 2026 full-year earnings outlook. The company now expects: 75 new store openings; net sales of $2.980 to $3.000 billion (narrowed from $2.985 to $3.013 billion); comparable store sales growth of ~2%; gross margin of ~40.7% (up from ~40.5%); operating income of $340 to $348 million (up from $339 to $348 million); adjusted net income of $271 to $277 million (up from $270 to $277 million); adjusted net income per diluted share of $4.45 to $4.55 (up from $4.40 to $4.50); annual effective tax rate of ~25%; diluted weighted average shares outstanding of ~60.9 million (down from ~61.4 million); capital expenditures of $103 to $113 million; and share repurchases of ~$125 million (up from ~$100 million). These metrics do not assume any impact from IEEPA tariff refunds.
OLLI YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
“We are very pleased with our first quarter results and the outstanding performance of our team. We delivered strong earnings growth driven by solid top line results and unit growth, robust margins, and disciplined expense control. These results underscore the durability of our business model, the strength of our value proposition, and our ability to execute through a challenging consumer backdrop.”
— Eric van der Valk, Q1 2027 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% |