Ollie’s Q2 earnings beat estimates as revenue misses, full-year outlook turns mixed

  • Ollie’s reported second-quarter adjusted earnings above expectations while sales missed the analyst estimate.
  • $741.31 million in sales increased 9.1% year over year, while shares rose 7.22%.
  • Ollie’s raised fiscal 2026 adjusted EPS guidance and lowered sales and comparable-store forecasts.

Ollie’s Bargain Outlet Holdings reported fiscal second-quarter adjusted earnings of $1.42 per share, above the $1.14 analyst estimate, while sales rose 9.1% year over year to $741.31 million, below the $752.85 million consensus cited in the latest report. Shares rose 7.22% to $77.56 at publication. Gross margin widened 360 basis points to 43.5%, supported by lower supply-chain costs and 380 basis points of benefit from tariff refunds under the International Emergency Economic Powers Act. Ollie’s raised fiscal 2026 adjusted EPS guidance to $4.57-$4.65 but lowered its sales outlook to $2.928 billion-$2.941 billion and reduced comparable-store sales expectations to 0%-0.5%. The retailer plans to open 75 stores during the fiscal year ending Jan. 30, 2027, while expanding selected product categories, investing about $15 million in prices and building its loyalty base, which exceeded 18 million members.

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