June 3, 2026

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Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) reported first-quarter fiscal 2026 results above expectations, supported by higher sales, stronger margins, new store growth, loyalty membership gains, and a raised earnings outlook.
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Ollie’s Bargain Outlet is a discount retailer selling closeout merchandise across categories such as housewares, food, books, toys, flooring, electronics, health and beauty, and seasonal products.
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The company reported adjusted EPS of $0.91, above estimates of $0.87, representing a 4.6% earnings surprise. Revenue came in at $658.93 million, below estimates of $665.76 million, with revenue growth of 14.2%.

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Results Showed Strong Earnings Growth

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Ollie’s net sales increased 14.2% to $658.9 million, driven by new store growth and a 1.7% increase in comparable store sales. The company opened 27 new stores during the quarter and ended with 672 stores across 35 states, up 15.1% from a year earlier.
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Gross margin improved 80 basis points to 41.9%, helped by lower supply chain costs and a modest increase in merchandise margin. Adjusted net income rose 21.3% to $55.9 million, while adjusted EPS increased 21.3% to $0.91.
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Ollie’s Army loyalty membership increased 12.6% to 17.5 million members, showing continued customer engagement. The company also repurchased 542,486 shares for $53.4 million during the quarter and ended with $205.4 million remaining under its current buyback authorization.

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Outlook Raised

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Ollie’s raised its fiscal 2026 EPS outlook after the stronger start to the year.
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Management pointed to solid sales, unit growth, margin expansion, and disciplined expense control as drivers of the updated outlook.

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Market Focus

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Investors are likely watching whether Ollie’s can keep growing comparable sales while expanding stores and protecting margins in a value-focused retail environment.
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The key areas are new store growth, comparable sales, basket size, gross margin, supply chain costs, Ollie’s Army membership growth, buybacks, and fiscal 2026 EPS guidance.

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The Bigger Picture

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Ollie’s delivered strong earnings growth despite revenue coming in slightly below estimates.
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The stock reaction likely reflected the earnings beat, margin expansion, higher EPS outlook, loyalty growth, and continued store expansion. In a cautious consumer market, Ollie’s value-focused model remains a key advantage.
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