Track market-moving stories before they get noisy

Ollie’s Bargain Outlet's NASDAQ: OLLI share price fell in the wake of its Q2 release as near-term headwinds overshadowed structural improvements.

Ollie's Bargain Outlet Today

OLLI

Ollie's Bargain Outlet

$76.57 +2.88 (+3.91%)

As of 09/4/2026 04:00 PM Eastern

$60.29▼

$139.2117.09

$102.43

The near-term headwind is a weak comp-store showing, with comps down unexpectedly on a contraction in basket size. The weakness runs counter to industry trends, which show other retailers, specifically off-price and discount retailers, doing well, and may be more of a one-off than not.

Get Ollie's Bargain Outlet alerts:

Management cited weather, consumer headwinds, and an increasingly promotional selling environment as responsible for the top-line miss. Investors should focus on the fact that Ollie’s provides value for its customers, as reflected in its loyalty membership base.

It grew 12.7% year over year as of Q2, and it is not the only structural improvement to note.

Ollie’s story is converting old Big Lots facilities into new Ollie’s Bargain Outlets. The strategy involves high upfront costs, including significant dark rent, but enables rapid growth and a path to margin recovery.

The company grew store count by nearly 12% over the trailing 12 months leading up to the release, and expects to sustain the robust pace through year’s end. The path to margin recovery involves turning dark rent into revenue-producing floorspace and leveraging scale. Ollie’s business is expanding rapidly, enabling stronger relationships and better deals with its supply chain partners.

Ollie’s Mixed Q2 Was Strong Where It CountsOllie’s Q2 report was not without disappointments. Revenue growth missed expectations, but the 9.1% advance still outpaced most retailers. New stores underpinned growth, offset by weak comp, but there were also strengths.

The main driver was the impact of dark rent conversion on margin, cash flow, and profits, which expanded and outperformed despite the revenue miss. Key details include a 330 basis-point (bps) improvement in adjusted EBITDA margin, a nearly 40% increase in net income, and a 43% increase in adjusted earnings per share (EPS), with adjusted EPS of $1.42 30 cents better than expected.

Guidance is a near-term hurdle for the stock, but one blunted by profitability. Ollie's reduced its full-year revenue outlook, putting the midpoint below MarketBeat's consensus. Improved margins and a stronger earnings forecast, however, should cushion that top-line miss and reinforce the case for capital returns. While growth is a critical factor, cash flow and the capacity to return capital matter is even more critical—and Ollie's is on track to return ample cash over time.

Catalysts for investment include buybacks, which are expected to accelerate, as indicated in the guidance. Trailing 12-month activity reduced the count by more than 2.5% in Q2 on average, giving investors significant leverage; the full-year guidance update includes a 40% increase in expected annualized buyback spending.

Analysts Stay Bullish Despite Mixed ReactionsAnalysts' responses to the release were mixed, like the results. Some analysts focused on headwinds and others on margins, with some lowering price targets and others raising them, while others reaffirmed the consensus rating and price target.

As it stands, MarketBeat tracks 17 analysts rating OLLI a Moderate Buy; the data shows a bullish bias and about 40% upside relative to post-earnings price action. Key takeaways include expectations that headwinds will ease, comps will improve, and margins will expand over time. Institutions also reflect confidence in the long-term outlook and capital return, owning more than 99% of the shares and accumulating moderately in 2026.

Ollie's Strong Balance Sheet Fuels Growth StrategyOllie’s Bargain Outlets’ balance sheet provides no red flags for investors. Highlights at the end of the quarter included reduced cash linked to buybacks, increased inventory, and investments, offset by smaller increases in liabilities and improved equity despite share buybacks.

Leverage remains very light, with long-term, non-lease debt below 0.1x equity, total liabilities below 1x equity, and improving cash flow. Looking ahead, Ollie’s is set up for accelerated earnings growth even without improvement in consumer habits; improving consumer habits will accelerate both revenue and earnings even more.

This year’s catalysts include completing and opening two new distribution centers. These centers will enable the company to serve more than 800 locations seamlessly before needing more infrastructure. This sets the stage for profitable growth over the next two years without additional capital expenditure. The biggest risks are consumer headwinds, inflation, and gasoline prices, which are pressuring Ollie’s lower-end customers.

Investors should remember that Ollie’s Bargain Outlet is an off-price merchant akin to TJX Companies NYSE: TJX, not a discount retailer or dollar store, and is not locked into any single product or category. It can shift with trends, opportunistically offering shoppers bargains as they emerge. The only downside is that its treasure-hunt strategy doesn’t mesh well with digital sales, a pillar of today’s retail environment.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in Ollie's Bargain Outlet Right Now?Before you consider Ollie's Bargain Outlet, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ollie's Bargain Outlet wasn't on the list.

While Ollie's Bargain Outlet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.

Get This Free Report

Net Sales Increased 9.1%

Opened 15 New Stores and Grew Ollie’s Army 12.7%

Updating Outlook for Fiscal 2026

HARRISBURG, Pa., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced financial results for the second quarter ended August 1, 2026.

“We delivered strong earnings growth in the second quarter and continued to execute against our key strategic initiatives,” said Eric van der Valk, President and Chief Executive Officer. “Comparable store sales declined 1.8% against a challenging multi-year stack. We believe our sales results were negatively impacted by the combination of less favorable weather, continued economic pressure on the consumer, and an elevated promotional environment, which all led to a more challenging backdrop than we originally expected.”

Mr. van der Valk continued, “Consumers continue to seek value and many of the same pressures affecting our customers are creating buying opportunities across the closeout market. We continue to see strong deal flow and remain committed to reinvesting in price and strengthening our competitive position. With a flexible business model, deep vendor relationships, growing scale, and a talented team, we believe Ollie's is well positioned to deliver long-term profitable growth through any retail environment.”

       Thirteen weeks ended  August 1, August 2,Dollars in thousands, except per share data 2026
 2025
Net sales $741,305  $679,556 Yr/yr change  9.1%   17.5% Comparable store sales change(1)  (1.8%)  5.0% Net income $85,454  $61,310 Net income per diluted share $1.42  $0.99 Adjusted net income per diluted share $1.42  $0.99 Yr/yr change  43.4%   26.9% Adjusted EBITDA $127,095  $93,786 % of net sales  17.1%   13.8% Store openings(2)  15   29 Store growth, yr/yr change  11.9%   16.8%      (1)Calculated based on the comparable number of weeks from the prior year.    (2)Gross number that does not include any store closures in the period.          Second Quarter 2026 Highlights and Year-Over-Year Comparisons

Opened 15 new stores and closed one store related to storm damage, ending the quarter with 686 stores in 36 states, an increase of 11.9%.Ollie’s Army loyalty members increased 12.7% to 18.1 million members.Net sales increased 9.1% to $741.3 million, driven by new store unit growth.Comparable store sales decreased 1.8%, against a 5.0% increase in last year’s second quarter, with this year’s decrease driven by a decrease in average basket size.Gross margin increased 360 basis points to 43.5%. The increase was driven by lower supply chain costs, primarily from IEEPA tariff refunds and lower tariff rates. IEEPA tariff refunds benefited gross margin by 380 basis points in this year’s second quarter.Selling, general, and administrative (“SG&A”) expenses as a percentage of net sales increased 80 basis points to 26.6%, with the increase primarily driven by the deleverage of fixed costs from the decline in comparable store sales and higher marketing expenses primarily from one additional merchandise flyer in the second quarter.Pre-opening expenses decreased 42.0% to $5.2 million, driven primarily by a lower number of new store openings and lower dark rent expense.Adjusted net income increased 40.3% to $85.4 million and adjusted net income per diluted share increased 43.4% to $1.42.Total cash and investments increased $46.8 million, to $507.1 million. This included cash and cash equivalents of $120.8 million, short-term investments of $66.7 million, and long-term investments of $319.6 million.The Company invested $84.0 million of cash to repurchase 1.107 million shares of its common stock in the second quarter. In the first half of the year, the Company repurchased $137.3 million, or 1.6 million shares, of its common stock. At the end of the second quarter, $121.5 million remained available for future share repurchases under the current share repurchase authorization. Outlook   

The Company is updating its financial outlook figures for the fiscal year 2026 ending January 30, 2027. The Company is updating its net sales outlook to better align with recent sales trends and the current environment for the balance of the fiscal year. In addition, the Company’s current outlook now includes IEEPA tariff refunds of $28.3 million received in the second quarter, of which the Company intends to reinvest in pricing actions to further strengthen its competitive position. A table comparing the current outlook metrics to the previous outlook metrics is below.

 Current PreviousNew store openings(1)75 75Net sales$2.928 to $2.941 billion $2.980 to $3.000 billionComparable store sales growth0% to 0.5% ~2%Gross margin~41.3% ~40.7%Operating income$345 to $350 million $340 to $348 millionAdjusted net income(2)(3)$275 to $279 million $271 to $277 millionAdjusted net income per diluted share(2)(3)$4.57 to $4.65 $4.45 to $4.55Annual effective tax rate(3)~25% ~25%Diluted weighted average shares outstanding~60.0 million ~60.9 millionCapital expenditures$103 to $113 million $103 to $113 millionShare repurchases~$175 million ~$125 million    (1)New store openings is a gross number that does not include two store closures related to storm damage.
(2)Includes interest income of approximately $22 million.
(3)Excludes the excess tax benefits related to stock-based compensation, as the Company cannot predict such estimates without unreasonable effort.     Conference Call Information

A conference call to discuss second quarter 2026 financial results is scheduled for today, September 2, 2026, at 8:30 a.m. Eastern Time. To access the live conference call, please preregister here. Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company’s website at https://investors.ollies.com. A replay of the conference call webcast will be available on the investor relations website for one year.

About Ollie’s

Ollie’s is a leading off-price retailer of brand-name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below traditional retailers. As of August 1, 2026, we operated 686 stores in 36 states and growing! For more information, visit www.ollies.com.

Non-GAAP Reconciliation

The Company’s results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income (loss), Adjusted net income (loss) per diluted share, EBITDA, and Adjusted EBITDA are non-GAAP measures, and are not intended to replace GAAP financial information, and may be different from non-GAAP measures reported by other companies. The Company believes the income and expense items excluded as non-GAAP adjustments are not reflective of the performance of its core business, and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business.

Please refer to the “Reconciliation of GAAP to Non-GAAP Financial Measures” table included in this press release, which sets forth the non-GAAP operating adjustments for the 13-week and 26-week periods ended August 1, 2026 and August 2, 2025.

Forward-Looking Statements

This press release contains certain forward-looking statements, which includes but is not limited to statements regarding industry trends, value creation, customer trends, new stores, distribution centers, and various financial outlook figures, including new store openings, net sales, comparable store sales, gross margin, SG&A, operating income, net income, adjusted net income, adjusted net income per diluted share, effective tax rate, diluted weighted average shares outstanding and capital expenditures. All forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, are subject to the finalization of the Company’s quarterly financial and accounting procedures, and may be affected by certain risks and uncertainties, any one, or a combination, of which could materially affect the results of the Company’s operations. Forward-looking statements are usually identified by or are associated with such words as “could”, “may”, “might”, “will,” “likely”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “expects”, “continues”, “projects”, “forecasts”, and similar terminology. Actual results could vary materially from the expectations reflected in these statements. As with any business, all phases of our operations are subject to factors outside of our control. These factors include, without limitation, the impact of the recent tariff announcements and the corresponding macroeconomic pressures and those factors discussed in the “Risk Factors” section of the Company’s Annual Reports or Form 10-K and other filings with the Securities and Exchange Commission. Forward-looking statements made by or on behalf of the Company are based on knowledge of its business and the environment in which it operates, but because of the factors listed above, actual results could differ materially from those reflected by any forward-looking statements. Consequently, all of the forward-looking statements made are qualified by these cautionary statements and those contained in the Company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. There can be no assurance that the results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business and operations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.

Investor Contact

John Rouleau
Managing Director, Corporate Communication & Business Development
[email protected]

Media Contact

Tom Kuypers
Senior Vice President, Marketing
[email protected]

 Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Statements of Income (unaudited)
(In thousands except for per share amounts)
       Thirteen weeks ended Twenty-six weeks ended  August 1, August 2, August 1, August 2,  2026
 2025
 2026
 2025
Net sales $741,305  $679,556  $1,400,233  $1,256,323 Cost of sales  419,140   408,218   802,104   747,954 Gross profit  322,165   271,338   598,129   508,369 Selling, general and administrative expenses  197,213   175,476   385,895   340,308 Depreciation and amortization expenses  11,274   9,916   22,557   19,273 Pre-opening expenses  5,203   8,972   11,645   15,628 Operating income  108,475   76,974   178,032   133,160 Interest income, net  (6,142)  (4,534)  (11,108)  (9,322)Income before income taxes  114,617   81,508   189,140   142,482 Income tax expense  29,163   20,198   47,286   33,612 Net income $85,454  $61,310  $141,854  $108,870 Earnings per common share:        Basic $1.42  $1.00  $2.35  $1.77 Diluted $1.42  $0.99  $2.34  $1.76 Weighted average common shares outstanding:        Basic  60,097   61,340   60,490   61,342 Diluted  60,236   61,796   60,713   61,806          Percentage of net sales:        Net sales  100.0%  100.0%  100.0%  100.0%Cost of sales  56.5   60.1   57.3   59.5 Gross profit  43.5   39.9   42.7   40.5 Selling, general and administrative expenses  26.6   25.8   27.6   27.1 Depreciation and amortization expenses  1.5   1.5   1.6   1.5 Pre-opening expenses  0.7   1.3   0.8   1.2 Operating income  14.6   11.3   12.7   10.6 Interest income, net  (0.8)  (0.7)  (0.8)  (0.7)Income before income taxes  15.5   12.0   13.5   11.3 Income tax expense  3.9   3.0   3.4   2.7 Net income  11.5%  9.0%  10.1%  8.7%         Components may not add to totals due to rounding.                   Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Balance Sheets (unaudited)
(In thousands)       August 1, August 2,Assets 2026
 2025
Current assets:    Cash and cash equivalents $120,765  $231,163 Short-term investments  66,737   85,893 Inventories  704,433   637,236 Accounts receivable  7,801   1,810 Prepaid expenses and other current assets  17,187   11,716 Total current assets  916,923   967,818 Property and equipment, net  419,234   360,836 Operating lease right-of-use assets  694,113   652,341 Goodwill  444,850   444,850 Trade name  230,559   230,559 Long-term investments  319,592   143,206 Other assets  2,325   2,242 Total assets $3,027,596  $2,801,852 Liabilities and Stockholders’ Equity    Current liabilities:    Current portion of long-term debt $809  $518 Accounts payable  190,207   165,629 Income taxes payable  5,755   129 Current portion of operating lease liabilities  99,157   103,122 Accrued expenses and other current liabilities  115,656   98,968 Total current liabilities  411,584   368,366 Long-term debt  1,420   912 Deferred income taxes  94,733   85,640 Long-term portion of operating lease liabilities  624,260   561,024 Total liabilities  1,131,997   1,015,942 Stockholders’ equity:    Common stock  68   68 Additional paid-in capital  764,299   745,636 Retained earnings  1,750,163   1,476,583 Treasury - common stock  (618,931)  (436,377)Total stockholders’ equity  1,895,599   1,785,910 Total liabilities and stockholders’ equity $3,027,596  $2,801,852        Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Statements of Cash Flows (unaudited)
(In thousands)       Thirteen weeks ended Twenty-six weeks ended  August 1, August 2, August 1, August 2,  2026
 2025
 2026
 2025
Net cash provided by operating activities $108,124  $80,712  $153,625  $109,414 Net cash used in investing activities  (101,095)  (39,744)  (150,656)  (58,010)Net cash used in financing activities  (83,937)  (8,823)  (141,884)  (25,364)Net increase (decrease) in cash and cash equivalents  (76,908)  32,145   (138,915)  26,040 Cash and cash equivalents, beginning of the period  197,673   199,018   259,680   205,123 Cash and cash equivalents, end of the period $120,765  $231,163  $120,765  $231,163            Ollie’s Bargain Outlet Holdings, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited)
(In thousands except for per share amounts)           Thirteen weeks ended Twenty-six weeks ended  August 1, August 2, August 1, August 2,  2026
 2025
 2026
 2025
Net income $85,454  $61,310  $141,854  $108,870 Excess tax benefits related to stock-based compensation(1)  (7)  (425)  (501)  (1,912)Adjusted net income $85,447  $60,885  $141,353  $106,958          Net income per diluted share $1.42  $0.99  $2.34  $1.76 Adjustments as noted above, per dilutive share:        Excess tax benefits related to stock-based compensation(1)  (0.00)  (0.01)  (0.01)  (0.03)Adjusted net income per diluted share $1.42  $0.99  $2.33  $1.73          Diluted weighted-average common shares outstanding  60,236   61,796   60,713   61,806          Net income $85,454  $61,310  $141,854  $108,870 Interest income, net  (6,142)  (4,534)  (11,108)  (9,322)Depreciation and amortization expenses  14,892   13,452   29,826   26,261 Income tax expense  29,163   20,198   47,286   33,612 EBITDA  123,367   90,426   207,858   159,421 Non-cash stock-based compensation expense  3,728   3,360   7,129   6,524 Adjusted EBITDA $127,095  $93,786  $214,987  $165,945                   Components may not add to totals due to rounding.        (1)Amount represents the impact from the recognition of excess tax benefits pursuant to Accounting Standards Update 2016-09, Stock Compensation   Ollie’s Bargain Outlet Holdings, Inc.
Key Statistics (unaudited)
(Dollars in thousands)       Thirteen weeks ended  August 1, August 2,  2026
 2025
Number of stores - beginning of period  672   584 Store openings  15   29 Store closings(1)  (1)  - Number of stores - end of period  686   613 Yr/yr store growth  11.9%   16.8% Comparable stores sales change  (1.8)%   5.0% Comparable store count – end of period  575   510 Total cash and investments(2) $507,094  $460,262 Capital expenditures $43,309  $26,416 Share repurchases $83,964  $11,516      (1)Due to storm-related damage.
(2)Includes cash and cash equivalents, short-term investments, and long-term investments.
     

A month has gone by since the last earnings report for Ollie's Bargain Outlet (OLLI - Free Report) . Shares have lost about 0.4% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Ollie's Bargain Outlet due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Ollie's Bargain Q1 Earnings Beat, Comps Rise 1.7%, EPS View UpOllie’s Bargain delivered first-quarter fiscal 2026 results, wherein net sales fell short of the Zacks Consensus Estimate, while earnings beat the same. Both top and bottom lines increased year over year, driven by new store growth, positive comparable-store sales, margin expansion and disciplined expense management. Management raised its fiscal 2026 earnings outlook following the stronger-than-expected performance.

The company’s value-focused business model continued to resonate with consumers against an uncertain macroeconomic backdrop. During the quarter, Ollie’s opened 27 new stores and ended the period with 672 stores across 35 states, reflecting 15.1% year-over-year growth. The Ollie’s Army loyalty program expanded 12.6% to 17.5 million members, highlighting continued customer engagement and acquisition.

OLLI’s Performance: Key Metrics & InsightsOllie’s Bargain reported adjusted earnings of 91 cents per share, which surpassed the Zacks Consensus Estimate of 87 cents by 4.6%. The figure increased 21.3% from adjusted earnings of 75 cents reported in the year-ago quarter.
Net sales rose 14.2% year over year to $658.9 million, driven by new store openings and positive comparable-store sales growth. However, revenues narrowly missed the Zacks Consensus Estimate of $666 million.

Comparable-store sales increased 1.7%, supported primarily by higher basket size. Food, general merchandise, hardware, seasonal décor and stationery were among the top-performing categories during the quarter, while weather-sensitive categories such as lawn and garden and summer furniture lagged due to unfavorable weather conditions.

Management noted that sales trends remained positive throughout the quarter, though elevated fuel prices and unseasonable weather affected customer traffic, particularly in southern markets. The company also highlighted continued strength in trade-down behavior among higher-income consumers, reflecting growing demand for value-oriented retail offerings.

What Margins Have to Say About Ollie’s BargainGross profit increased 16.4% to $276 million. Gross margin expanded 80 basis points to 41.9%, benefiting from lower supply-chain costs and a modest improvement in merchandise margins. The result exceeded management’s expectations as lower tariff-related costs and supply-chain efficiencies more than offset higher fuel expenses.

SG&A expenses, as a percentage of net sales, remained flat year over year at 28.6%. Effective cost controls and productivity initiatives helped offset investments in growth and customer acquisition.

Pre-opening expenses declined 3.2% to $6.4 million, primarily due to lower dark-rent expenses associated with previously acquired bankruptcy locations, partially offset by a higher number of new store openings.

Operating income climbed 23.8% to $69.6 million, while operating margin expanded 90 basis points to 10.6%. Adjusted EBITDA rose 21.8% to $87.9 million, with adjusted EBITDA margin increasing 80 basis points to 13.3%.

Ollie’s Bargain’s Financial SnapshotOllie’s Bargain ended the quarter with total cash and investments of $525.6 million, up 26.7% year over year. The company continued to maintain a strong balance sheet with no meaningful long-term debt, providing significant financial flexibility.

Inventory increased 12.3% year over year to $686.9 million, primarily supporting ongoing store expansion initiatives. Capital expenditures totaled $25.5 million during the quarter, with investments directed toward new store openings, existing store improvements and supply-chain infrastructure projects.

The company repurchased approximately $53.4 million of stock during the quarter, buying back 542,486 shares. Management increased its planned fiscal 2026 share repurchases to approximately $125 million from the prior expectation of $100 million, reflecting confidence in the business and cash-flow generation.

Ollie’s continued to advance key initiatives during the quarter. The company reported strong growth in its loyalty program, continued success in category productivity efforts and progress on distribution-center expansion projects in Texas and Illinois, which are expected to increase network capacity to more than 850 stores. Management also cited an improving closeout buying environment, driven by retail industry consolidation and increased availability of attractive merchandise opportunities.

What to Expect From OLLI in Fiscal 2026?Following the first-quarter outperformance, management raised its fiscal 2026 earnings outlook while maintaining its comparable-sales and store-opening expectations.

The company now expects adjusted earnings in the range of $4.45-$4.55 per share, up from the previous outlook of $4.40-$4.50. Net sales are expected in the range of $2.98-$3.0 billion compared with the prior outlook of $2.985-$3.013 billion. Comparable-store sales growth is still anticipated to be approximately 2% for fiscal 2026.

Gross margin is now expected to be approximately 40.7%, up from the prior expectation of 40.5%. Operating income is projected between $340 million and $348 million.

Management reiterated plans to open 75 new stores during fiscal 2026. Capital expenditures are expected in the range of $103-$113 million.

While management acknowledged continued uncertainty surrounding consumer spending, fuel prices and weather-related sales volatility, it expressed confidence in the company’s ability to deliver mid-teens earnings growth through strong execution, favorable availability of closeout merchandise, disciplined cost management, and ongoing investments in value and customer acquisition.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.

VGM ScoresAt this time, Ollie's Bargain Outlet has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Ollie's Bargain Outlet has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry PlayerOllie's Bargain Outlet belongs to the Zacks Consumer Products - Staples industry. Another stock from the same industry, BJ's Wholesale Club (BJ - Free Report) , has gained 0.9% over the past month. More than a month has passed since the company reported results for the quarter ended April 2026.

BJ's reported revenues of $5.66 billion in the last reported quarter, representing a year-over-year change of +9.9%. EPS of $1.10 for the same period compares with $1.14 a year ago.

BJ's is expected to post earnings of $1.15 per share for the current quarter, representing a year-over-year change of +0.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -1%.

BJ's has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.