Public Employees Retirement System of Ohio acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,959 shares of the company’s stock, valued at approximately $1,381,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LP bought a new position in Ollie’s Bargain Outlet in the second quarter valued at about $477,000. Bank of America Corp DE bought a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth about $22,758,000. Man Group plc bought a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth about $11,739,000. Western Wealth Management LLC acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $301,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $10,102,000.
Ollie’s Bargain Outlet Price Performance Shares of OLLI opened at $76.57 on Tuesday. The business has a 50-day moving average of $72.45 and a 200-day moving average of $83.68. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.50. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $139.21.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.12 by $0.30. The business had revenue of $741.31 million for the quarter, compared to analysts’ expectations of $747.71 million. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current year. Wall Street Analysts Forecast Growth Several equities research analysts recently commented on OLLI shares. Truist Financial lifted their target price on shares of Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company set a $98.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Citigroup cut their price target on shares of Ollie’s Bargain Outlet from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Friday. Finally, Gordon Haskett reissued an “accumulate” rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.43.
Check Out Our Latest Stock Analysis on OLLI
Ollie’s Bargain Outlet Company Profile (Free Report)
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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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.
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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.
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B. Metzler seel. Sohn & Co. AG lifted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 79.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,862 shares of the company’s stock after purchasing an additional 26,443 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.10% of Ollie’s Bargain Outlet worth $4,602,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its stake in Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after buying an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ollie’s Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after acquiring an additional 92 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares during the period. Root Financial Partners LLC raised its position in shares of Ollie’s Bargain Outlet by 190.5% during the first quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock worth $45,000 after purchasing an additional 320 shares during the period. Finally, Quarry LP bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $55,000.
Ollie’s Bargain Outlet News Roundup Here are the key news stories impacting Ollie’s Bargain Outlet this week:
Positive Sentiment: Second-quarter adjusted EPS was $1.42, well above the $1.12-$1.14 consensus and up from $0.99 a year earlier. Revenue increased 9.1% year over year to $741.3 million. Ollie’s Second-Quarter Fiscal 2026 Results Positive Sentiment: Ollie’s raised its fiscal 2026 adjusted EPS outlook to $4.57-$4.65, above the roughly $4.52 consensus, as tariff refunds helped lift margins and earnings. OLLI Q2 Earnings Beat Estimates on Tariff Refunds Positive Sentiment: Royal Bank of Canada raised its price target to $124 and rated the stock “outperform.” Jefferies also maintained a “buy” rating, while Goldman Sachs, Piper Sandler and Wells Fargo retained positive ratings with targets ranging from $90 to $100. Positive Sentiment: The company opened 15 stores during the quarter, is targeting 75 new locations for fiscal 2026 and reported 12.7% growth in its Ollie’s Army loyalty program, supporting longer-term expansion. Neutral Sentiment: Analyst opinion remains constructive but more cautious: Goldman Sachs, Piper Sandler and Morgan Stanley lowered their price targets, although the revised targets still imply substantial upside. Morgan Stanley moved to an “equal weight” rating. Negative Sentiment: Revenue fell short of expectations, comparable-store sales declined 1.8%, and management’s fiscal 2026 sales outlook of approximately $2.928-$2.941 billion is below the roughly $3.0 billion consensus. Ollie’s Raises Earnings Outlook Despite Sluggish Sales Negative Sentiment: Ollie’s plans to invest $15 million in lower prices, which could pressure near-term margins even as it seeks to improve customer traffic and remain competitive. Ollie’s to Invest $15 Million in Lower Prices Analysts Set New Price Targets Several equities analysts recently issued reports on OLLI shares. Morgan Stanley decreased their price objective on Ollie’s Bargain Outlet from $108.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday. Weiss Ratings lowered shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Citigroup reduced their price target on shares of Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Royal Bank Of Canada increased their price objective on shares of Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group dropped their price objective on shares of Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $102.57. Get Our Latest Stock Analysis on OLLI
Ollie’s Bargain Outlet Stock Performance NASDAQ:OLLI opened at $73.69 on Friday. The company has a market cap of $4.45 billion, a PE ratio of 16.45, a PEG ratio of 1.28 and a beta of 0.50. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $139.21. The stock has a 50-day simple moving average of $72.28 and a 200 day simple moving average of $84.19.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.12 by $0.30. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The firm had revenue of $741.31 million for the quarter, compared to analysts’ expectations of $747.71 million. During the same quarter in the previous year, the business posted $0.99 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.53 earnings per share for the current fiscal year.
(Free Report)
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
Read More Five stocks we like better than Ollie’s Bargain Outlet The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
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Jupiter Topco LLC bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 26,867 shares of the company’s stock, valued at approximately $2,066,000.
A number of other institutional investors have also bought and sold shares of OLLI. Allworth Financial LP raised its holdings in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Ollie’s Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after acquiring an additional 92 shares during the period. Quarry LP bought a new position in shares of Ollie’s Bargain Outlet in the third quarter worth about $55,000. CENTRAL TRUST Co grew its position in shares of Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth about $62,000.
Ollie’s Bargain Outlet Trading Down 0.2% Shares of OLLI stock opened at $73.69 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $139.21. The stock’s 50-day moving average price is $72.28 and its 200-day moving average price is $84.19. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.28 and a beta of 0.50.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.30. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The company had revenue of $741.31 million for the quarter, compared to the consensus estimate of $747.71 million. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.53 EPS for the current fiscal year. Analyst Upgrades and Downgrades A number of research firms recently commented on OLLI. Truist Financial boosted their price target on Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler set a $98.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday. Wells Fargo & Company set a $98.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday. The Goldman Sachs Group lowered their target price on shares of Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Citigroup dropped their target price on shares of Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $102.57.
View Our Latest Analysis on OLLI
Trending Headlines about Ollie’s Bargain Outlet Here are the key news stories impacting Ollie’s Bargain Outlet this week:
Positive Sentiment: Second-quarter adjusted EPS was $1.42, well above the $1.12-$1.14 consensus and up from $0.99 a year earlier. Revenue increased 9.1% year over year to $741.3 million. Ollie’s Second-Quarter Fiscal 2026 Results Positive Sentiment: Ollie’s raised its fiscal 2026 adjusted EPS outlook to $4.57-$4.65, above the roughly $4.52 consensus, as tariff refunds helped lift margins and earnings. OLLI Q2 Earnings Beat Estimates on Tariff Refunds Positive Sentiment: Royal Bank of Canada raised its price target to $124 and rated the stock “outperform.” Jefferies also maintained a “buy” rating, while Goldman Sachs, Piper Sandler and Wells Fargo retained positive ratings with targets ranging from $90 to $100. Positive Sentiment: The company opened 15 stores during the quarter, is targeting 75 new locations for fiscal 2026 and reported 12.7% growth in its Ollie’s Army loyalty program, supporting longer-term expansion. Neutral Sentiment: Analyst opinion remains constructive but more cautious: Goldman Sachs, Piper Sandler and Morgan Stanley lowered their price targets, although the revised targets still imply substantial upside. Morgan Stanley moved to an “equal weight” rating. Negative Sentiment: Revenue fell short of expectations, comparable-store sales declined 1.8%, and management’s fiscal 2026 sales outlook of approximately $2.928-$2.941 billion is below the roughly $3.0 billion consensus. Ollie’s Raises Earnings Outlook Despite Sluggish Sales Negative Sentiment: Ollie’s plans to invest $15 million in lower prices, which could pressure near-term margins even as it seeks to improve customer traffic and remain competitive. Ollie’s to Invest $15 Million in Lower Prices (Free Report)
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
Further Reading Five stocks we like better than Ollie’s Bargain Outlet The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
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Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) on Wednesday reported better-than-expected second-quarter adjusted EPS results and raised its FY2026 adjusted EPS guidance.
The company posted adjusted EPS of $1.42, beating market estimates of $1.14. The company’s sales came in at $741.305 million, missing expectations of $752.852 million.
Ollie’s now expects fiscal 2026 adjusted earnings of $4.57 to $4.65 per share. Its prior forecast called for $4.45 to $4.55 per share. The analyst estimate stands at $4.47 per share. However, Ollie’s lowered its sales forecast to between $2.928 billion and $2.941 billion. The company previously expected sales of $2.98 billion to $3 billion. Analysts expect $2.983 billion.
The retailer now projects comparable-store sales growth of zero to 0.5%, down from about 2% previously. It still plans to open 75 stores during the fiscal year ending Jan. 30, 2027.
“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.
Trending
Ollie’s Bargain Outlet shares fell 4.1% to trade at $70.82 on Thursday.
These analysts made changes to their price targets on Ollie’s Bargain Outlet following earnings announcement.
Wells Fargo analyst Edward Kelly maintained the stock with an Overweight rating and lowered the price target from $100 to $90. RBC Capital analyst Steven Shemesh maintained the stock with an Outperform rating and raised the price target from $121 to $124. Considering buying OLLI stock? Here’s what analysts think:
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Key Takeaways Ollie's Bargain Q2 adjusted EPS rose 43.4% to $1.42, beating estimates, while sales missed by 1.5%.Comparable-store sales fell 1.8% as smaller baskets, weather, consumer pressure and promotions hurt demand.Ollie's Bargain cut its sales outlook but raised EPS guidance to $4.57-$4.65 and buybacks to about $175M. Ollie’s Bargain Outlet Holdings, Inc. (OLLI - Free Report) reported second-quarter fiscal 2026 adjusted earnings of $1.42 per share, which improved 43.4% year over year and beat the Zacks Consensus Estimate of $1.14 by 24.6%. Net sales rose 9.1% to $741.3 million but missed the consensus mark of $753 million by 1.5%.
Earnings benefited from IEEPA tariff refunds and lower tariff rates, while the sales increase reflected new-store growth. Comparable-store sales declined 1.8% as average basket size fell, with less favorable weather, consumer pressure and a heightened promotional environment weighing on demand.
OLLI’s Sales Growth Faces Comp PressureOLLI opened 15 stores and closed one storm-damaged location during the quarter, ending with 686 stores across 36 states. The store base increased 11.9% from a year earlier and remained the main driver of top-line growth. The company opened 42 stores in the first half of fiscal 2026.
Comparable-store transactions were flat, while the average basket declined. Toys, general merchandise, summer furniture, candy and seasonal decor were the strongest categories. Lawn and garden plus room air represented more than 100 basis points of year-over-year comp pressure, with management indicating that the broader drag was more meaningful because those categories also drive store traffic.
Ollie’s Bargain Sees Mixed Consumer TrendsOllie’s Bargain said lower-income customers continued to prioritize needs over wants, shop closer to need and make fewer trips. Management defined that cohort at a household income of $65,000 or below. Higher-income customers, defined around $100,000 and above, continued to trade down in search of value.
Ollie’s Army loyalty membership increased 12.7% to 18.1 million. New customer acquisition also increased, while management highlighted continued momentum among shoppers ages 35 to 55, with particular strength in the 35-45 range. Closeout deal flow remained strong, giving the retailer flexibility to adjust category mix and value.
OLLI’s Margins Get a Tariff Refund BoostGross margin expanded 360 basis points to 43.5%. IEEPA tariff refunds contributed 380 basis points, while merchandise margin declined primarily because of price investments. Lower tariff rates more than offset elevated transportation costs. Excluding the refund and related price investment, management said gross margin would have been about 40.3%-40.4%.
SG&A expenses increased 80 basis points as a share of sales to 26.6%, reflecting fixed-cost deleverage from the negative comp and higher marketing costs tied to one additional merchandise flyer. Pre-opening expenses fell 42% to $5.2 million on fewer store openings and lower dark-rent expense.
Ollie’s Bargain Strengthens ProfitabilityAdjusted net income increased 40.3% to $85.4 million. Operating income rose 40.9% to $108.5 million, while adjusted EBITDA climbed 35.5% to $127.1 million. Adjusted EBITDA margin widened 330 basis points to 17.1%.
Beyond the tariff benefit, management cited favorable shrink trends and supply-chain efficiencies as additional support to earnings. The Texas distribution-center expansion was completed during the quarter, and operations have normalized. The Illinois facility expansion is expected to begin in the coming months.
OLLI Leverages Balance Sheet to Fund Growth and BuybacksTotal cash and investments reached $507.1 million, up 10.2% year over year, while inventories increased 10.5% to $704.4 million, primarily to support new-store growth. Capital expenditures totaled $43.3 million, with spending focused on new stores, existing-store improvements and the Texas distribution-center expansion.
OLLI repurchased about $84 million of stock in the quarter and $137.3 million in the first half. The company had $121.5 million remaining under its authorization at quarter-end and continued to carry no meaningful long-term debt.
Ollie’s Bargain Resets Sales View, Raises Profit GuideOllie’s Bargain lowered its fiscal 2026 net sales outlook to $2.928-$2.941 billion from $2.980-$3.000 billion. Comparable-store sales are now expected to range from flat to up 0.5%, down from the prior view of about 2% growth. The 75-store opening target was maintained, while planned share repurchases increased to about $175 million from $125 million.
The company raised its adjusted earnings outlook to $4.57-$4.65 per share from $4.45-$4.55 and lifted the gross-margin view to about 41.3% from 40.7%. Operating income is now projected at $345-$350 million. Management expects third-quarter comps near flat and fourth-quarter comps up about 1%, while August trends were running ahead of the plan used to set guidance.
Shares of this Zacks Rank #4 (Sell) company have fallen 0.8% over the past three months against the industry’s rise of 7%.
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The consensus estimate for Target’s current fiscal-year sales and earnings implies growth of 4.7% and 37.7%, respectively, from the year-ago reported figures. TGT delivered a trailing four-quarter earnings surprise of 10.5%, on average.
Darling Ingredients Inc. (DAR - Free Report) , a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients, currently carries a Zacks Rank of 2.
The Zacks Consensus Estimate for Darling’s current fiscal-year sales suggests an 11.5% jump from the prior-year levels. The consensus estimate for current fiscal-year EPS stands at $6.98, which implies a substantial improvement from the year-ago period. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
Ollie's Bargain Outlet Holdings, Inc. (OLLI) Q2 2027 Earnings Call September 2, 2026 8:30 AM EDT
Company Participants
John Rouleau - Managing Director of Corporate Communications & Business Development
Eric van der Valk - President, CEO & Director
Robert Helm - Executive VP & CFO
Conference Call Participants
Bradley Thomas - KeyBanc Capital Markets Inc., Research Division
Steven Shemesh - RBC Capital Markets, Research Division
Randal Konik - Jefferies LLC, Research Division
Jeremy Hamblin - Craig-Hallum Capital Group LLC, Research Division
Steven Zaccone - Citigroup Inc., Research Division
Edward Kelly - Wells Fargo Securities, LLC, Research Division
Matthew Boss - JPMorgan Chase & Co, Research Division
Anthony Chukumba - Loop Capital Markets LLC, Research Division
Sarah Morin - Piper Sandler & Co., Research Division
Scot Ciccarelli
Simeon Gutman - Morgan Stanley, Research Division
Charles Grom - Gordon Haskett Research Advisors
Mary Sport - BofA Securities, Research Division
Matthew Rothway - UBS Investment Bank, Research Division
Presentation
Operator
Good morning, and welcome to Ollie's Bargain Outlet's conference call to discuss financial results for the second quarter of fiscal year 2026. Please be advised that this call is being recorded and the reproduction of this call in whole or in part is not permitted without the express written authorization of Ollie's. I would now like to introduce our host for today's call, John Rouleau, Managing Director of Corporate Communications and Business Development for Ollie's. John, please go ahead.
John Rouleau
Managing Director of Corporate Communications & Business Development
Thank you, Carmen. Good morning, everybody. We appreciate your time and participation. Joining me on today's call from Ollie's are Eric van der Valk, President and Chief Executive Officer; and Robert Helm, Executive Vice President and Chief Financial Officer. Following their prepared remarks, we will open the call for your questions. [Operator Instructions] Finally, let me remind you that certain comments made on today's call may constitute forward-looking statements, and these are made pursuant to and within the meaning of the
Ollie's Bargain Outlet (NASDAQ:OLLI) shares jumped 7.5% after the discount retailer posted second-quarter adjusted earnings that topped Wall Street estimates, even as revenue fell short of expectations.
The company reported adjusted earnings per share of $1.42, beating the average analyst estimate of $1.14 and up 43.43% from $0.99 a year earlier.
Revenue rose 9.09% year-over-year to $741.3 million, missing the $752.9 million analysts had forecast by 1.53%.
Ollie's operated 686 stores, up 11.9% from a year ago, after opening 15 locations and closing one during the quarter. Membership in the company's loyalty program, Ollie's Army, grew 12.7% to 18.1 million.
For fiscal 2026, Ollie's raised its adjusted EPS guidance to a range of $4.57 to $4.65, above the $4.47 analysts had expected. The company cut its full-year sales guidance to a range of $2.928 billion to $2.941 billion, below the $2.983 billion estimate.
Jefferies analysts said the quarter underwhelmed, with same-store sales and gross margin coming in slightly below guidance while SG&A expenses ran higher than expected.
Tariff refunds boosted gross margin by 380 basis points during the quarter, though the analysts said the Street will likely look past that benefit. They noted the updated annual comparable sales guidance of 0% to 0.5%, down from a prior forecast of 2% growth, points to some improvement in trend heading into the third quarter, against an easier comparison.
The analysts also pointed to the company's balance sheet, which they described as a $500 million cash war chest, and said they would be buyers of the stock with shares at cycle lows on both an absolute and relative basis.
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For the quarter ended July 2026, Ollie's Bargain Outlet (OLLI - Free Report) reported revenue of $741.31 million, up 9.1% over the same period last year. EPS came in at $1.42, compared to $0.99 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $752.92 million, representing a surprise of -1.54%. The company delivered an EPS surprise of +24.56%, with the consensus EPS estimate being $1.14.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ollie's Bargain Outlet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Store openings: 15 compared to the 15 average estimate based on three analysts.Number of stores - end of period: 686 versus the three-analyst average estimate of 687.Comparable store sales change: -1.8% versus 0.3% estimated by three analysts on average.Number of stores - beginning of period: 672 versus the three-analyst average estimate of 672.View all Key Company Metrics for Ollie's Bargain Outlet here>>>
Shares of Ollie's Bargain Outlet have returned -6.2% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?Ollie's Bargain Outlet NASDAQ: OLLI reported higher second-quarter earnings despite a decline in comparable-store sales, as tariff refunds boosted margins and the retailer continued to expand its store base.
Net sales rose 9.1% to $741 million in the second quarter of fiscal 2026, driven by new store openings. Comparable-store sales declined 1.8%, however, as flat transaction levels and a lower average basket offset the contribution from new locations.
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3 Inflation-Fighting Stocks Built for Higher Oil PricesPresident and Chief Executive Officer Eric van der Valk said the company faced a more difficult backdrop than it had anticipated, including unfavorable weather, continued pressure on consumers and an elevated promotional environment. The second quarter also followed mid- to high-single-digit comparable-sales gains in each of the prior three years.
“The consumer remains resilient, but increasingly selective in how they choose to spend,” van der Valk said. He said lower-income customers are prioritizing necessities, shopping less frequently and delaying discretionary purchases, while higher-income consumers continue to trade down in search of value.
Tariff Refunds Support Earnings Growth 3 Non-Pharma Firms That Could Benefit From the GLP-1 TrendAdjusted net income increased 40% to $85 million, while adjusted earnings per share rose 43% to $1.42. Adjusted EBITDA increased 36% to $127 million, and adjusted EBITDA margin expanded 330 basis points to 17.1%.
Chief Financial Officer Robert Helm said earnings exceeded expectations largely because of refunds tied to IEEPA tariffs. Gross margin increased 360 basis points to 43.5%, with tariff refunds contributing 380 basis points of benefit during the quarter.
The benefit was partly offset by lower merchandise margin as Ollie's invested in pricing, along with elevated transportation costs. The company said it used tariff-refund proceeds to strengthen its competitive pricing, including investments in seasonally relevant products and loyalty events.
“We are an everyday low price retailer,” van der Valk said, adding that the company views promotional pricing and excessive coupons as potentially damaging to customer trust. Ollie's plans approximately $50 million of price investments for the full year and said it could invest beyond that amount if needed to maintain price leadership.
Selling, general and administrative expenses as a percentage of sales increased 80 basis points to 26.6%, primarily due to fixed-cost deleveraging from the comparable-sales decline and higher marketing expense related to an additional merchandise flyer. Pre-opening expenses fell 42% to $5 million.
Seasonal Categories Weigh on Sales Management said weather-sensitive categories performed softly, particularly early in the quarter. Lawn and garden and room-air categories represented more than 100 basis points of year-over-year comparable-sales pressure based on category sales alone, according to Helm, with a potentially larger impact because those categories also drive store traffic and additional purchases.
Top-performing categories included toys, general merchandise, summer furniture, candy and seasonal decor. Consumables continued to post mid-single-digit growth, while home-improvement categories remained soft, management said.
Helm said transaction trends improved sequentially through the quarter and ended with a positive trend, while basket trends finished the period flat. August results were running ahead of the company’s plan for the third quarter, though management cautioned that calendar shifts involving flyers and Labor Day make short-term comparisons difficult.
The company also cited softer sales in parts of the Midwest and Texas, where unseasonable weather coincided with longer customer drive times. Van der Valk said higher fuel costs have contributed to lower-income customers staying closer to home, particularly when they live farther from an Ollie’s store.
Expansion, Loyalty and Supply Chain Investments Continue Ollie’s continued to pursue store growth and said it remains on track toward its full-year target of 75 new stores. The company also said real estate availability remains favorable and that its pipeline for the coming year is largely in place.
Ollie’s Army membership increased 13% from a year earlier to more than 18 million members. The retailer said its Ollie’s Army Night and Ollie Days events produced stronger customer acquisition and engagement than the prior year despite weather challenges.
Management is also testing assortment and floor-space changes, reallocating inventory toward categories where it sees demand and market opportunity. Examples cited included protein and energy products, beverages, seasonal decor, living-room furniture and decorative pillows.
On the supply-chain side, the company completed an expansion of its Texas distribution center and said operations have normalized. It plans to begin expanding its Illinois distribution facility in coming months, with completion expected around the same time next year.
Updated Fiscal 2026 Outlook Ollie’s lowered its second-half sales assumptions to reflect recent trends and the current retail environment, while incorporating $28 million in tariff refunds. Its updated fiscal 2026 outlook calls for:
Net sales of $2.928 billion to $2.941 billion; Comparable-store sales ranging from flat to up 0.5%; Gross margin of approximately 41.3%; Operating income of $345 million to $350 million; Adjusted net income of $275 million to $279 million; and Adjusted earnings per share of $4.57 to $4.65. The outlook assumes nearly flat comparable-store sales in the third quarter and approximately 1% growth in the fourth quarter. Management expressed particular optimism about the fourth quarter because of holiday shopping events, Ollie’s Army promotions and available closeout deal flow.
Ollie’s ended the quarter with $507 million in cash and investments, no meaningful long-term debt and $122 million remaining under its share-repurchase authorization. During the quarter, it repurchased $84 million of stock and said it now expects $175 million of repurchases for the full year.
While describing the near-term outlook as more measured, van der Valk said the retailer’s longer-term view remains intact. “Value always wins,” he said. “It will remain our durable competitive advantage.”
About Ollie's Bargain Outlet (NASDAQ:OLLI)Ollie's Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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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.
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Ollie's Bargain Outlet (OLLI - Free Report) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +24.56%. A quarter ago, it was expected that this retailer would post earnings of $0.87 per share when it actually produced earnings of $0.91, delivering a surprise of +4.6%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Ollie's Bargain Outlet, which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $741.31 million for the quarter ended July 2026, missing the Zacks Consensus Estimate by 1.54%. This compares to year-ago revenues of $679.56 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ollie's Bargain Outlet shares have lost about 34% since the beginning of the year versus the S&P 500's gain of 11.5%.
What's Next for Ollie's Bargain Outlet?While Ollie's Bargain Outlet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ollie's Bargain Outlet was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.83 on $682.41 million in revenues for the coming quarter and $4.44 on $2.97 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Staples is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, RH (RH - Free Report) , has yet to report results for the quarter ended July 2026.
This furniture and housewares company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of -85.7%. The consensus EPS estimate for the quarter has been revised 3.9% lower over the last 30 days to the current level.
RH's revenues are expected to be $914.18 million, up 1.7% from the year-ago quarter.
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]
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.
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) will release its second quarter earnings report before the opening bell on Wednesday, Sept. 2.
Analysts expect the Harrisburg, Pennsylvania-based company to report quarterly earnings of $1.12 per share, up from 99 cents per share in the year-ago period. The consensus estimate for OLLI’s quarterly revenue is $750.38 million. It reported $679.56 million last year, according to Benzinga Pro.
On June 3, Ollie’s Bargain Outlet posted mixed results for the first quarter.
Shares of Ollie’s Bargain Outlet fell 4.1% to close at $72.34 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
UBS analyst Mark Carden maintained a Neutral rating and cut the price target from $87 to $82 on Aug. 27, 2026. This analyst has an accuracy rate of 68%. Citigroup analyst Steven Zaccone maintained a Buy rating and cut the price target from $111 to $100 on Aug. 26, 2026. This analyst has an accuracy rate of 53%. RBC Capital analyst Steven Shemesh maintained an Outperform rating with a price target of $121 on Aug. 25, 2026. This analyst has an accuracy rate of 60%. Piper Sandler analyst Peter Keith maintained an Overweight rating and cut the price target from $114 to $113 on Aug. 18, 2026. This analyst has an accuracy rate of 67%. JP Morgan analyst Matthew Boss maintained a Neutral rating and boosted the price target from $70 to $73 on Aug. 18, 2026. This analyst has an accuracy rate of 68%. Trending
Considering buying OLLI stock? Here’s what analysts think:
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Key Takeaways Ollie's Bargain is expected to post Q2 revenue growth of 11.5% and earnings growth of 15.2%.A strong closeout pipeline, new stores and loyalty events likely supported sales and customer acquisition.Cautious discretionary spending, household budget pressure and higher fuel costs may have weighed on traffic. With Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) set to announce its second-quarter fiscal 2026 earnings results on Sept. 2, before the market opens, investors face a critical question: Can OLLI continue its streak of surprising results, or will challenges temper growth?
The Zacks Consensus Estimate for second-quarter revenues is pegged at $757.9 million, implying an 11.5% increase from the year-ago reported figure. Meanwhile, the consensus estimate for earnings has declined by a penny over the past 30 days to $1.14 per share. Nevertheless, the estimate indicates year-over-year earnings growth of 15.2%.
Ollie's Bargain has a trailing four-quarter earnings surprise of 4.9%, on average. In the last reported quarter, this Harrisburg, PA-based company surpassed the Zacks Consensus Estimate by 4.6%.
Image Source: Zacks Investment Research
What the Zacks Model Indicates for OLLI’s Q2 EarningsAs investors prepare for Ollie's Bargain’s second-quarter results, the question looms regarding an earnings beat or miss. Our proven model does not conclusively predict an earnings beat for Ollie's Bargain this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ollie's Bargain has a Zacks Rank #4 (Sell) and an Earnings ESP of -0.29%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors Likely to Have Shaped Ollie's Bargain’s Q2 OutcomeOllie’s Bargain’s second-quarter performance is likely to have benefited from the continued strength of its closeout buying model and an increasingly value-conscious environment. Management entered the quarter with a strong pipeline of merchandise deals, supported by retail industry consolidation and fewer competing buyers for large closeout opportunities. The company also indicated that both the quality and availability of deals remained favorable. This environment should have helped OLLI offer compelling branded merchandise at attractive price points.
Building on that value proposition, OLLI’s store expansion and customer-engagement initiatives are also likely to have supported sales. New store growth remained a key priority, while management expressed confidence in its real estate pipeline and continued expansion strategy. At the same time, the company entered the quarter with strong momentum in its Ollie’s Army loyalty program and planned several customer-focused events, including Ollie’s Army Night and Ollie’s Days. An additional flyer event was also moved into the second quarter to capture back-to-school demand. Together, these initiatives are likely to have helped drive customer acquisition.
OLLI continued to optimize its merchandise mix by allocating space toward more productive categories and reducing exposure to structurally weaker areas. Management also highlighted ongoing efforts to improve supply-chain productivity, including technology upgrades across its distribution network and capacity investments. Better closeout buying, supply-chain efficiencies and lower shrink were cited as margin-supportive factors, giving the company room to invest in price.
However, the quarter was not without headwinds. Cautious discretionary spending, pressure on household budgets and elevated fuel costs may have weighed on customer traffic and shopping frequency. The second quarter also lacked the potential support from higher tax refunds.
OLLI Stock Price PerformanceOllie's Bargain, which competes with Grocery Outlet Holding Corp. (GO - Free Report) and Dollar Tree, Inc. (DLTR - Free Report) , has seen its share price decline 4.8% over the past three months against the industry’s rise of 6.1%. While shares of Grocery Outlet have rallied 41.1%, Dollar Tree has jumped 15.7% in the aforementioned period.
Image Source: Zacks Investment Research
Does OLLI Present a Strong Case for Value Investing?Ollie’s Bargain’s valuation remains attractive relative to the industry. OLLI currently trades at a forward 12-month price-to-sales (P/S) multiple of 1.44, representing a notable discount to the industry average of 2.29. The stock is also trading well below its 12-month median P/S multiple of 2.17, suggesting a relatively inexpensive valuation compared with its recent historical levels. However, OLLI commands a premium to some of its close peers. Grocery Outlet trades at a forward 12-month P/S multiple of 0.25, while Dollar Tree carries a multiple of 1.11.
Image Source: Zacks Investment Research
Final Words on OLLIOllie’s Bargain enters the second-quarter earnings release with a favorable closeout environment, store expansion, loyalty-driven customer engagement, and ongoing merchandising and supply-chain improvements. However, pressure on discretionary spending and elevated fuel costs are concerns, while the current earnings setup does not provide a strong signal for a positive surprise. Although the stock’s discounted valuation offers some support, that alone may not be enough to offset the risks. Given the mixed backdrop and limited visibility into an earnings beat, prospective investors may be better off waiting for greater clarity from the upcoming results, while existing shareholders should remain cautious and closely watch sales trends, consumer behavior and management’s outlook before making fresh investment decisions.
BlackRock Inc. bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,595,790 shares of the company’s stock, valued at approximately $430,204,000. BlackRock Inc. owned approximately 9.26% of Ollie’s Bargain Outlet at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. TimesSquare Capital Management LLC lifted its position in Ollie’s Bargain Outlet by 42.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after buying an additional 73,633 shares in the last quarter. Capital World Investors grew its holdings in Ollie’s Bargain Outlet by 76.5% in the 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock valued at $76,230,000 after buying an additional 301,332 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in Ollie’s Bargain Outlet by 32.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock valued at $103,661,000 after buying an additional 277,870 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Ollie’s Bargain Outlet by 70.2% in the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock worth $84,711,000 after acquiring an additional 318,865 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Ollie’s Bargain Outlet by 168.4% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 28,133 shares of the company’s stock worth $3,084,000 after acquiring an additional 17,653 shares during the last quarter.
Ollie’s Bargain Outlet Stock Down 2.3% Shares of Ollie’s Bargain Outlet stock opened at $74.61 on Wednesday. The firm has a market cap of $4.51 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $60.29 and a 52 week high of $140.17. The business’s fifty day simple moving average is $72.47 and its 200-day simple moving average is $86.11.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current year. Analysts Set New Price Targets Several research analysts have recently weighed in on OLLI shares. Morgan Stanley lowered their price target on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 4th. Wells Fargo & Company cut their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. KeyCorp reduced their target price on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Gordon Haskett reiterated an “accumulate” rating and issued a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, Piper Sandler dropped their price target on shares of Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating for the company in a research note on Tuesday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.20.
Check Out Our Latest Analysis on OLLI
Ollie’s Bargain Outlet Company Profile (Free Report)
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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Ollie's Bargain Outlet (OLLI - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on September 2. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis retailer is expected to post quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of +15.2%.
Revenues are expected to be $757.86 million, up 11.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ollie's Bargain Outlet?For Ollie's Bargain Outlet, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.29%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Ollie's Bargain Outlet will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ollie's Bargain Outlet would post earnings of $0.87 per share when it actually produced earnings of $0.91, delivering a surprise of +4.60%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ollie's Bargain Outlet doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Ollie's Bargain Outlet Holdings Inc (OLLI) Shares Fall 3.7% -- What GF Score of 79 Tells Investors
On August 27, 2026, Ollie's Bargain Outlet Holdings Inc OLLI shares fell 3.7%, bringing the current price to $71.51. The stock has experienced significant volatility over the past year, trading within a 52-week range of $60.29 to $140.17.
GF Value™ verdict: OLLI is currently priced at $71.51, which is 41.8% below its GF Value™ of $122.83.GF Score™ of 79/100 indicates an above-average overall performance in various fundamental metrics.Insider activity shows a concerning trend, with insiders selling $18.3M worth of shares over the past 12 months without any buying.Is OLLI Overvalued or Undervalued?According to the GF Value™, Ollie's Bargain Outlet Holdings Inc is currently undervalued, with a significant margin of safety. The GF Value™ estimate of $122.83 suggests that OLLI shares could potentially rise by 41.8% from their current trading price. GF Value™ is a proprietary estimate by GuruFocus that considers historical trading multiples, past business growth, and projected future performance to derive a fair intrinsic value for the stock.
This undervaluation presents an opportunity for investors, particularly as the stock trades significantly lower than its historical averages. However, caution is warranted, particularly given the recent sell-off and the lack of insider buying, which may indicate a lack of confidence from those closest to the company.
How Does OLLI's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)17.7x30.5xForward P/E16.0x-The current P/E ratio of 17.7x is 42% below its 5-year median P/E of 30.5x, indicating that OLLI is trading at a lower valuation than it historically has. This analysis aligns with the GF Value™ verdict, further supporting the notion that the stock is undervalued at present.
What Does OLLI's GF Score™ Tell Us?The GF Score™ measures a company's financial performance across various dimensions, including profitability, financial strength, growth potential, valuation, and momentum. OLLI's score of 79 out of 100 reflects an overall above-average performance, with particularly strong ranks in growth and profitability.
MetricRatingGF Score™79/100Financial Strength6/10Profitability9/10Growth10/10Valuation4/10Momentum1/10OLLI's strengths lie in its profitability and growth, indicated by the high scores in these categories. However, the valuation and momentum ranks are concerning, with a low momentum rank suggesting poor recent price performance. This divergence highlights the need for potential investors to consider both the growth potential and the recent downward trends in the stock's price.
What Are Gurus and Insiders Doing with OLLI?Ollie's Bargain Outlet Holdings Inc has 8 gurus currently holding the stock, with 6 adding to their positions and 3 trimming their stakes in recent quarters. This mixed activity suggests a level of interest in the stock from experienced investors, although it is tempered by the fact that insider activity has seen $18.3M in sales without any buying over the past 12 months.
The trend of insider selling may indicate a lack of confidence among those privy to the company's operations, which could be a red flag for potential investors. The guru activity, however, shows that some seasoned investors still see value in OLLI, as they continue to maintain or increase their positions.
What This Means for InvestorsBased on the GF Value™ estimate, Ollie's Bargain Outlet Holdings Inc appears to be undervalued, presenting a potential opportunity for investors looking for growth at a discounted price. However, the recent insider selling and low momentum rank should not be overlooked, indicating some caution may be necessary. For more detailed information, visit the Ollie's Bargain Outlet Holdings Inc OLLI stock page and explore the GF Value™ page for further insights.
Frequently Asked QuestionsWhat is OLLI's GF Score™?
OLLI's GF Score™ is 79/100, indicating an above-average performance in key financial metrics.
Is OLLI overvalued or undervalued?
OLLI is currently undervalued with a GF Value™ of $122.83, suggesting a 41.8% upside potential from its current price.
What is OLLI's P/E ratio?
OLLI's P/E ratio is 17.7x, which is significantly below its 5-year median P/E of 30.5x, indicating a lower valuation compared to its historical performance.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Wall Street analysts expect Ollie's Bargain Outlet (OLLI - Free Report) to post quarterly earnings of $1.14 per share in its upcoming report, which indicates a year-over-year increase of 15.2%. Revenues are expected to be $757.86 million, up 11.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Ollie's Bargain Outlet metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Store openings' at 15 . Compared to the present estimate, the company reported 29 in the same quarter last year.
It is projected by analysts that the 'Number of stores - end of period' will reach 687 . The estimate is in contrast to the year-ago figure of 613 .
The collective assessment of analysts points to an estimated 'Comparable store sales change' of 0.3%. The estimate compares to the year-ago value of 5.0%.
The consensus among analysts is that 'Number of stores - beginning of period' will reach 672 . Compared to the current estimate, the company reported 584 in the same quarter of the previous year.
View all Key Company Metrics for Ollie's Bargain Outlet here>>>
Shares of Ollie's Bargain Outlet have experienced a change of -1.7% in the past month compared to the +4.3% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), OLLI is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Deutsche Bank AG acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,706 shares of the company’s stock, valued at approximately $1,284,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in shares of Ollie’s Bargain Outlet by 218.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the period. Allworth Financial LP raised its position in shares of Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Ollie’s Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after buying an additional 271 shares in the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of Ollie’s Bargain Outlet by 190.5% during the 1st quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock valued at $45,000 after buying an additional 320 shares in the last quarter.
Wall Street Analysts Forecast Growth OLLI has been the subject of a number of recent analyst reports. KeyCorp dropped their price objective on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Royal Bank Of Canada reissued an “outperform” rating and set a $121.00 target price on shares of Ollie’s Bargain Outlet in a research note on Tuesday. Citigroup dropped their price target on Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial reduced their price objective on shares of Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Loop Capital reiterated a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $107.29.
Get Our Latest Analysis on OLLI Ollie’s Bargain Outlet Price Performance Shares of NASDAQ:OLLI opened at $72.42 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $139.21. The business has a 50 day simple moving average of $72.20 and a two-hundred day simple moving average of $85.51. The firm has a market capitalization of $4.38 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.28 and a beta of 0.46.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. During the same period in the prior year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current fiscal year.
Ollie’s Bargain Outlet Company Profile (Free Report)
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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HARRISBURG, Pa., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced that it will report its financial results for the second quarter fiscal 2026 before the market opens on Wednesday, September 2, 2026. Eric van der Valk, President and Chief Executive Officer, and Robert Helm, Executive Vice President and Chief Financial Officer, will host a conference call with the investment community to discuss the financial results and answer questions at 8:30 a.m. Eastern Time on the same day.
Ollie's Bargain Outlet (NASDAQ: OLLI - Get Free Report) and Onion Global (NYSE: OGBLY - Get Free Report) are both consumer discretionary companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, earnings, dividends, profitability, analyst recommendations, valuation and risk. Analyst Ratings This is a summary
California State Teachers Retirement System increased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 26.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,506 shares of the company’s stock after acquiring an additional 15,298 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Ollie’s Bargain Outlet worth $6,765,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Peregrine Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 21.2% in the 4th quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock worth $13,234,000 after purchasing an additional 21,138 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in Ollie’s Bargain Outlet by 42.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after purchasing an additional 73,633 shares during the last quarter. Capital World Investors lifted its position in shares of Ollie’s Bargain Outlet by 76.5% during the 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after buying an additional 301,332 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Ollie’s Bargain Outlet by 32.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock valued at $103,661,000 after purchasing an additional 277,870 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Ollie’s Bargain Outlet by 80.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 213,047 shares of the company’s stock valued at $23,352,000 after buying an additional 95,011 shares in the last quarter.
Wall Street Analysts Forecast Growth Several research firms have recently issued reports on OLLI. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $70.00 price objective (down from $152.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, July 8th. Piper Sandler set a $114.00 target price on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. UBS Group set a $80.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, July 9th. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group dropped their price target on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $111.07.
Check Out Our Latest Stock Report on Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Stock Performance Shares of OLLI opened at $78.40 on Thursday. The firm has a market cap of $4.74 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.36 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $141.74. The business’s 50 day moving average price is $73.30 and its two-hundred day moving average price is $89.51.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The business had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the prior year, the firm earned $0.75 earnings per share. Ollie’s Bargain Outlet’s revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current fiscal year.
Ollie’s Bargain Outlet Company Profile (Free Report)
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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Dimensional Fund Advisors LP raised its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,272,306 shares of the company’s stock after buying an additional 72,781 shares during the period. Dimensional Fund Advisors LP owned about 2.10% of Ollie’s Bargain Outlet worth $117,098,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Allworth Financial LP increased its holdings in Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares in the last quarter. Maseco LLP bought a new position in Ollie’s Bargain Outlet in the 4th quarter valued at $30,000. Northwestern Mutual Wealth Management Co. raised its position in Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Ollie’s Bargain Outlet by 131.6% in the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares in the last quarter.
Ollie’s Bargain Outlet Price Performance Shares of NASDAQ OLLI opened at $68.97 on Wednesday. The company’s 50 day simple moving average is $74.11 and its 200 day simple moving average is $91.30. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $141.74. The firm has a market capitalization of $4.17 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.18 and a beta of 0.47.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current fiscal year.
Analyst Upgrades and Downgrades Several brokerages have recently commented on OLLI. Piper Sandler set a $114.00 target price on Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Wells Fargo & Company cut their price target on Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. The Goldman Sachs Group reduced their price target on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Gordon Haskett reissued an “accumulate” rating and set a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $70.00 price objective (down from $152.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, July 8th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.13.
Check Out Our Latest Analysis on Ollie’s Bargain Outlet
About Ollie’s Bargain Outlet (Free Report)
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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California Public Employees Retirement System reduced its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 18.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,691 shares of the company’s stock after selling 22,640 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Ollie’s Bargain Outlet worth $8,991,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of OLLI. Peregrine Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 21.2% in the fourth quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock worth $13,234,000 after acquiring an additional 21,138 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 42.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after purchasing an additional 73,633 shares during the period. Capital World Investors increased its stake in shares of Ollie’s Bargain Outlet by 76.5% in the fourth quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after purchasing an additional 301,332 shares in the last quarter. Capital Research Global Investors raised its position in shares of Ollie’s Bargain Outlet by 70.2% during the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock valued at $84,711,000 after purchasing an additional 318,865 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Ollie’s Bargain Outlet by 315.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after purchasing an additional 1,296,672 shares during the period.
Wall Street Analysts Forecast Growth Several brokerages recently issued reports on OLLI. Gordon Haskett reissued an “accumulate” rating and set a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Citigroup lowered their price target on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Morgan Stanley reduced their price target on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, June 4th. The Goldman Sachs Group dropped their price objective on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $70.00 price objective (down from $152.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.13.
Check Out Our Latest Stock Report on OLLI
Ollie’s Bargain Outlet Stock Performance Shares of NASDAQ:OLLI opened at $66.31 on Friday. The firm’s 50 day simple moving average is $74.61 and its 200-day simple moving average is $92.13. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $60.29 and a one year high of $141.74. The firm has a market cap of $4.01 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.17 and a beta of 0.47.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current fiscal year.
About Ollie’s Bargain Outlet (Free Report)
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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A downtrend has been apparent in Ollie's Bargain Outlet (OLLI - Free Report) lately with too much selling pressure. The stock has declined 21% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why a Trend Reversal is Due for OLLIThe heavy selling of OLLI shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 27.17. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.
The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for OLLI has increased 0.2%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, OLLI currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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.
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That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Ollie's Bargain Outlet (OLLI - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
While there are numerous reasons why the stock of this retailer is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Ollie's Bargain Outlet is 17.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.1% this year, crushing the industry average, which calls for EPS growth of 3.5%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Ollie's Bargain Outlet is 19.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of 2.3%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 4.9% over the past 3-5 years versus the industry average of 3.3%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Ollie's Bargain Outlet. The Zacks Consensus Estimate for the current year has surged 0.9% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made Ollie's Bargain Outlet a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Ollie's Bargain Outlet is a potential outperformer and a solid choice for growth investors.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Ollie's Bargain Outlet (OLLI - Free Report) Headquartered in Harrisburg, PA, Ollie's Bargain Outlet Holdings is a value retailer of brand-name merchandise at drastically reduced prices. The company offers products principally under Ollie’s, Ollie’s Bargain Outlet, Good Stuff Cheap, Ollie’s Army, Real Brands Real Cheap!, Real Brands! Real Bargains!, Sarasota Breeze, Steelton Tools, American Way and Middleton Home. As of May. 2, 2026, the company operated 672 outlets in 35 states. It offers products under the categories, Consumables (31.9% of FY25 Sales), Home (28.3%), Seasonal (19.1%) and Other (20.7%). Product offerings include; Housewares: cooking utensils, dishes, appliances, plastic containers, cutlery, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, fans and space heaters, candles, frames and giftware.
OLLI is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 16; value investors should take notice.
For fiscal 2027, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $4.52 per share. OLLI boasts an average earnings surprise of +4.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, OLLI should be on investors' short list.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Ollie's Bargain Outlet (OLLI - Free Report) Headquartered in Harrisburg, PA, Ollie's Bargain Outlet Holdings is a value retailer of brand-name merchandise at drastically reduced prices. The company offers products principally under Ollie’s, Ollie’s Bargain Outlet, Good Stuff Cheap, Ollie’s Army, Real Brands Real Cheap!, Real Brands! Real Bargains!, Sarasota Breeze, Steelton Tools, American Way and Middleton Home. As of May. 2, 2026, the company operated 672 outlets in 35 states. It offers products under the categories, Consumables (31.9% of FY25 Sales), Home (28.3%), Seasonal (19.1%) and Other (20.7%). Product offerings include; Housewares: cooking utensils, dishes, appliances, plastic containers, cutlery, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, fans and space heaters, candles, frames and giftware.
OLLI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. OLLI has a Growth Style Score of B, forecasting year-over-year earnings growth of 17.1% for the current fiscal year.
For fiscal 2027, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $4.52 per share. OLLI boasts an average earnings surprise of +4.9%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, OLLI should be on investors' short list.
On June 22, 2026, Ollie's Bargain Outlet Holdings Inc OLLI shares fell 4.5% to a current price of $73.42. This decline adds to a challenging year for the company, with the stock down 33.0% year-to-date and 39.7% over the past year. The shares have fluctuated between a 52-week high of $141.74 and a low of $73.26.
GF Value™ verdict: Current price of $73.42 is 38.8% below GF Value™ of $119.88.GF Score™ of 83/100 indicates a strong overall ranking.Notable signal: Insiders sold $1.1M worth of shares in the last 3 months with no buying activity. Is OLLI Overvalued or Undervalued? The current price of Ollie's Bargain Outlet Holdings Inc OLLI at $73.42 is significantly below the estimated GF Value™ of $119.88, indicating that the stock is 38.8% undervalued. This presents a potential opportunity for investors, as the margin of safety appears attractive based on the intrinsic value assessment. The GF Valuation label indicates that OLLI is significantly undervalued, suggesting that the market may have overreacted to recent performance trends.
However, while the undervaluation may present an opportunity, investors must consider the risks associated with potential market volatility and the company's recent performance. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does OLLI's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)18.1x30.5x Forward P/E16.3xN/A Currently, OLLI's P/E (TTM) of 18.1x is significantly below its 5-year median P/E of 30.5x, indicating that the stock is trading at a lower valuation compared to its historical averages. The forward P/E of 16.3x also suggests a favorable outlook relative to the past. This P/E analysis aligns with the GF Value™ verdict of being undervalued, reinforcing the notion that the market may not fully recognize the company's potential at this time.
What Does OLLI's GF Score™ Tell Us? MetricRating GF Score™83/100 Financial Strength6/10 Profitability9/10 Growth10/10 Valuation4/10 Momentum2/10 Ollie's GF Score™ of 83/100 reflects a strong overall performance, particularly in the areas of Growth (10/10) and Profitability (9/10). However, the company shows weaknesses in Valuation (4/10) and Momentum (2/10), indicating potential concerns regarding its current price performance and market sentiment. The strong growth and profitability rankings suggest that the company has strong fundamentals, which may not be fully appreciated in the current market conditions.
What Are Insiders Doing with OLLI Stock? In the past three months, insiders have sold a total of $1.1 million worth of OLLI shares, with no reported buying activity during this period. This trend of insider selling could suggest a lack of confidence from those closest to the company regarding its near-term performance outlook. While insider selling does not necessarily indicate a negative outlook for the company, it can be a signal for investors to monitor closely.
What This Means for Investors Based on the GF Value™ assessment, Ollie's Bargain Outlet Holdings Inc OLLI is currently undervalued. This presents an opportunity for potential investors; however, caution is advised due to the recent decline in share price and insider selling activity. The company's strong growth and profitability scores suggest that it may have the fundamentals to recover, but the market's current sentiment remains a critical factor to consider.
For the complete analysis, visit the Ollie's Bargain Outlet Holdings Inc OLLI stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is OLLI's GF Score™?
OLLI's GF Score™ is 83/100, indicating a strong overall ranking based on various fundamental aspects.
Is OLLI overvalued or undervalued?
According to the GF Value™ verdict, OLLI is currently undervalued, with a significant margin compared to its estimated intrinsic value.
What is OLLI's P/E ratio?
OLLI's P/E ratio (TTM) is 18.1x, which is 41% below its 5-year median of 30.5x, indicating it is trading below its historical valuation levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Ollie's Bargain Outlet (OLLI - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for Ollie's Bargain Outlet basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Ollie's Bargain Outlet imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Ollie's Bargain OutletThis retailer is expected to earn $4.52 per share for the fiscal year ending January 2027, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Ollie's Bargain Outlet. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.9%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Ollie's Bargain Outlet to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Consumers have continued to seek out bargains as higher prices for everyday necessities have strained many household budgets.
Ollie's Bargain Outlet Today
OLLI
Ollie's Bargain Outlet
$76.91 0.00 (0.00%)
As of 06/18/2026 04:00 PM Eastern
52-Week Range$73.32▼
$141.74P/E Ratio18.99
Price Target$125.13
For years, Ollie's Bargain Outlet NASDAQ: OLLI was a big beneficiary of the trend, with shares climbing to an all-time high last summer as investors embraced the discount retailer's value-focused model.
Since then, however, the stock has pulled back sharply. Despite a series of earnings beats and strong stock performance from many of its discount retail peers, investors have remained cautious on Ollie's, raising questions about what it will take for the stock to regain momentum.
Get Ollie's Bargain Outlet alerts:
Ollie's Earnings Beat Again, But Revenue Falls Slightly ShortOllie's most recent earnings report did little to stoke investor enthusiasm for the stock. On June 3, the company reported first-quarter earnings of 91 cents per share, increasing from 75 cents per share in the year-ago period and topping Wall Street expectations by 4 cents. The quarter marked another earnings beat for the company, extending its streak of better-than-expected earnings.
Revenue came in at approximately $659 million, up more than 14% from the prior-year period, but roughly $2.7 million shy of analyst expectations. While Ollie's has continued to deliver year-over-year sales growth, revenue has not consistently exceeded Wall Street expectations.
Comparable-store sales increased 1.7% during the quarter, while gross margin expanded 80 basis points to 41.9%, exceeding the company's expectations. Ollie's continued to expand its footprint, opening 27 new stores during the quarter. The company also repurchased $53 million of stock during the period.
Despite the solid results, the company said it faced headwinds as the quarter progressed, including unseasonable weather that pressured certain merchandise categories and higher fuel prices that impacted traffic.
Ollie's Tweaks Full-Year OutlookThe company also tweaked its full-year guidance, slightly lowering its revenue expectations while raising its earnings forecast.
Ollie's now expects net sales of $2.98 billion to $3.0 billion, compared with its previous outlook of $2.985 billion to $3.013 billion. Adjusted diluted earnings per share are now expected to be between $4.45 to $4.55, compared with the prior forecast of $4.40 to $4.50.
During the earnings call, Chief Financial Officer Robert Helm discussed the updated outlook, saying, "Solid sales growth, strong margins, controlled expenses, and the stepped-up buyback all support earnings growth this year."
He added, however, that consumer sentiment and weather remain factors. "We are cognizant of the state of consumer rights right now. They are prioritizing their spending around their needs and driving a little less if they can," he said, adding, "Weather is still a bit of a lingering factor, and we don't have the benefit of higher tax refunds to offset some of these pressures in the second quarter."
Stock Has Struggled Since Hitting All-Time HighWall Street's initial reaction to the earnings report and updated outlook was muted. The stock rose less than 1% following the release; however, shares have gained roughly 6% since then.
Ollie's Bargain Outlet Holdings, Inc. (OLLI) Price Chart for Friday, June, 19, 2026
The stock had an impressive run between 2022 and 2025, rising from under $40 in March 2022 to an all-time high above $140 in August 2025. By the end of 2025, it was trading around $110 and continued to trend lower. Recently, shares were trading around $85.
Over the past year, the stock has fallen nearly 26%. Shares are down roughly 22% year to date.
Ollie's Stock Is Lagging Other Discount RetailersThe stock's underperformance is also notable given the strong performance of several other value-oriented retailers.
Shares of Ross Stores Inc. NASDAQ: ROST have soared approximately 80% over the past year and more than 30% year to date. Burlington Stores Inc. NYSE: BURL is up roughly 42% over the past 12 months and 16% year to date, while TJX Companies Inc. NYSE: TJX has gained about 35% over the last year and nearly 9% year to date.
One factor that may be working in Ollie's favor following its valuation. The stock currently trades at a price-to-earnings ratio of roughly 21X, well below Ross Stores' multiple of about 33X, Burlington's roughly 35X, and TJX's more than 32X.
Despite Lowered Price Targets, Analysts See Significant UpsideWall Street remains largely bullish on Ollie's. Among the 17 analysts currently covering the company, the consensus rating is Moderate Buy, with 14 Buy ratings and three Hold ratings.
Current Price$76.91High Forecast$157.00Average Forecast$125.13Low Forecast$87.00Ollie's Bargain Outlet Stock Forecast Details
The average 12-month price target is roughly $125, implying potential upside of more than 40% from recent trading levels. Price targets range from a low of $87 to a high of $157. Several analysts have lowered their targets over the last two months, though most have maintained positive ratings.
While Ollie's continues to grow sales, beat earnings expectations, expand its store base, and generate healthy margins, the steady decline since last summer's peak suggests investors may be taking a wait-and-see approach until the company can deliver more consistent growth. Still, with analysts largely bullish on the stock, a valuation below several discount-oriented peers, and continued consumer pressure driving demand for value, Ollie's may be worth a closer look for investors seeking opportunities in the discount retail space.
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.
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SummaryOllie's Bargain Outlet Holdings maintains a buy rating, supported by robust unit growth, margin expansion, and raised EPS guidance.OLLI opened 27 new stores in Q1, reaffirming its FY2026 target of 75 new stores and projecting ~10% unit growth through 2027.Gross margin expanded 80 bps to 41.9%, driving EBIT margin to 10.6% and adj. EPS is up 21.3% to $0.91.Valuation sits at a -2 standard deviation forward P/E, offering 28% upside if multiples revert, despite comp growth concerns.Kathrin Ziegler/DigitalVision via Getty Images
Investment action I had a buy rating for Ollie's Bargain Outlet Holdings (OLLI) previously, as I thought the unit growth story was still intact and the sell-off was too harsh relative to the visible
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
After reaching an important support level, Ollie's Bargain Outlet (OLLI - Free Report) could be a good stock pick from a technical perspective. OLLI surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
OLLI could be on the verge of another rally after moving 6.2% higher over the last four weeks. Plus, the company is currently a Zacks Rank #2 (Buy) stock.
Looking at OLLI's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 4 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Investors may want to watch OLLI for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
On May 20, 2026, Ollie's Bargain Outlet Holdings Inc OLLI shares rose 3.2% today, closing at $82.27. Despite today's positive movement, the stock has experienced a significant decline, with a 52-week range between $73.32 and $141.74.
GF Value™ verdict: Current price of $82.27 is 30.8% below the GF Value™ of $118.85. GF Score™: 83/100 indicates a strong overall score. Most notable signal: Insiders sold $1.1M in OLLI stock over the last three months, with no buying activity. Is OLLI Overvalued or Undervalued? The current price of Ollie's Bargain Outlet Holdings Inc OLLI at $82.27 stands significantly below the GF Value™ estimate of $118.85, indicating that the stock is approximately 30.8% undervalued. This opens up an opportunity for investors who align with the belief that the market may be undervaluing the company's future potential. The GF Valuation label categorizes OLLI as "Significantly Undervalued," suggesting that there is a substantial margin of safety for potential investors.
However, while the valuation suggests an opportunity, it's essential to consider that the stock has underperformed in the past year, declining by 29.6%. This historical performance could signal potential risks that may affect the stock's future appreciation. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does OLLI's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 21.1x 30.5x Forward P/E 18.4x - The current P/E (TTM) of 21.1x is significantly below its 5-year median P/E of 30.5x, suggesting that the stock is trading at a discount compared to its historical valuation. This analysis is consistent with the GF Value™ verdict, reinforcing the view that OLLI is undervalued at its current price point.
What Does OLLI's GF Score™ Tell Us? Metric Rating GF Score™ 83/100 Financial Strength 6/10 Profitability 9/10 Growth 10/10 Valuation 4/10 Momentum 2/10 The GF Score™ of 83/100 indicates that Ollie's Bargain Outlet Holdings Inc OLLI has strong potential for long-term returns, particularly in the areas of profitability (ranked 9/10) and growth (ranked 10/10), which are its strongest attributes. However, the valuation rank of 4/10 and momentum rank of 2/10 suggest that the stock may be facing short-term challenges and indicates caution for investors considering market timing.
What Are Insiders Doing with OLLI Stock? Recent insider activity has shown that insiders sold $1.1 million worth of shares in the past three months without any reported purchases. This selling could suggest a lack of confidence in the stock's near-term performance or could be a strategic decision unrelated to the company's fundamentals. Lack of insider buying may also indicate that those closest to the company do not see immediate upside potential, which could lead to caution among potential investors.
What This Means for Investors Based on the GF Value™ analysis, Ollie's Bargain Outlet Holdings Inc OLLI is currently undervalued. While the stock presents a potential opportunity for long-term growth, investors should remain mindful of the recent insider selling and the company's historical performance. Carefully weighing these factors will be essential for making informed decisions moving forward.
For the complete analysis, visit the Ollie's Bargain Outlet Holdings Inc OLLI stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is OLLI's GF Score™?
OLLI's GF Score™ is 83/100, indicating a strong overall rating based on key factors that can contribute to long-term performance.
Is OLLI overvalued or undervalued?
According to the GF Value™, OLLI is currently undervalued by 30.8%, suggesting a favorable opportunity for long-term investors.
What is OLLI's P/E ratio?
OLLI's P/E (TTM) is 21.1x, which is significantly lower than its 5-year median P/E of 30.5x, indicating that the stock is trading at a discount compared to historical valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
The Consumer Products-Staples industry is navigating a challenging demand environment as inflationary pressures and elevated living costs continue to weigh on consumer spending. Value-conscious shoppers are prioritizing essentials, trading down to lower-priced alternatives and reducing discretionary purchases, creating softer volume trends across several categories.
At the same time, industry players are managing elevated input, labor and transportation costs alongside rising SG&A expenses and ongoing digital investments. Companies such as BJ's Wholesale Club Holdings, Inc. (BJ - Free Report) , Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) , Grocery Outlet Holding Corp. (GO - Free Report) and Krispy Kreme, Inc. (DNUT - Free Report) are focusing on operational efficiencies, value-driven offerings and strategic expansion initiatives to support profitability and long-term growth.
About the Industry The Zacks Consumer Products-Staples industry includes companies that manufacture, market and distribute a broad range of everyday household and personal-use items. These offerings span personal care products, cleaning tools, stationery, bed and bath essentials and general household goods such as small appliances, cutlery and food-storage solutions. Some players also participate in categories like batteries, lighting, pet food, treats and related supplies. Their products reach consumers through supermarkets, drug and grocery chains, department stores, mass merchandisers, warehouse clubs and other retail partners, while a growing share is now sold through digital channels. Several companies also supply items to perfume, cosmetics and personal-care manufacturers, as well as to third-party distributors.
Trends Shaping the Future of the Consumer Products-Staples Industry Rising Cost Pressures in a Challenging Operating Environment: The consumer goods industry continues to face pressure from elevated costs across raw materials, labor and transportation. These higher input costs weigh on profit margins, particularly when companies are unable to fully offset them through pricing actions. Adding to the challenge are rising SG&A expenses and continued investments in digital transformation, technology and marketing initiatives to support long-term growth. Many companies also remain exposed to supply-chain disruptions, which can lead to shipment delays and elevated freight costs, further pressuring margins. To protect profitability, industry players are increasingly undertaking restructuring measures and cost-optimization initiatives aimed at improving efficiency and strengthening operational resilience.
Heightened Consumer Spending Volatility: The Consumer Products-Staples industry is navigating elevated spending volatility amid an uncertain macroeconomic backdrop. Changing consumer behavior, particularly among lower-income households, is being influenced by persistent inflationary pressures, rising living costs and lower savings levels. These financial constraints continue to pressure purchasing power and weigh on discretionary spending patterns across the sector. Given the industry’s significant exposure to middle and lower-income consumers, companies remain vulnerable to economic headwinds that could lead to softer demand, weaker sales volumes and slower growth momentum.
Exposure to Currency Fluctuations: Global consumer staples companies remain highly sensitive to foreign-exchange volatility, with a stronger U.S. dollar posing a meaningful headwind. Currency fluctuations can reduce the value of international revenues when translated into U.S. dollars, negatively impacting reported sales and earnings performance. In such an environment, companies are often forced to balance pricing actions in overseas markets against the risk of margin pressure and reduced competitiveness.
Maximizing Revenues Through Strategic Optimization: Companies are actively pursuing strategic levers to strengthen their revenue base and long-term positioning. Investments in e-commerce and digital capabilities are expanding rapidly, supporting convenience-driven demand and higher-margin direct-to-consumer opportunities. At the same time, innovation efforts remain focused on healthier product offerings, sustainable packaging and technology-enabled consumer engagement. Companies are also actively optimizing portfolios through acquisitions, divestitures and brand rationalization strategies, enabling more efficient capital allocation toward faster-growing and higher-return categories. Collectively, these initiatives are helping consumer staples companies remain competitive and drive incremental growth in an increasingly evolving marketplace.
Zacks Industry Rank Indicates Dull Prospects The Zacks Consumer Products-Staples industry is housed within the broader Zacks Consumer Staples sector. The industry currently carries a Zacks Industry Rank #177, which places it in the bottom 27% of more than 244 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually becoming less confident about this group’s earnings growth potential. Since the beginning of March 2026, the consensus estimate for the industry’s current financial-year earnings has decreased 0.8%.
Let’s look at the industry’s performance and current valuation.
Industry vs. Broader Market The Zacks Consumer Products-Staples industry has lagged the S&P 500 index and the broader Zacks Consumer Staples sector over the past six months.
The industry has lost 5% over this period against the broader sector’s growth of 5.3%. Meanwhile, the S&P 500 index has advanced 12.4%.
Six-Month Price Performance
Industry's Current Valuation On the basis of forward 12-month price-to-earnings (P/E), commonly used for valuing consumer staple stocks, the industry is currently trading at 17.46X compared with the S&P 500’s 21.85X and the sector’s 16.91X.
Over the past five years, the industry has traded as high as 23.39X, as low as 17.46X and at the median of 21.21X, as the chart below shows.
Price-to-Earnings Ratio (Past Five Years)
4 Consumer Product Stocks to Keep a Close Eye On Krispy Kreme: The company continues to strengthen its market presence through a differentiated brand portfolio, broad fresh-delivery network and expanding global footprint. This Zacks Rank #2 (Buy) company remains focused on enhancing consumer engagement through innovation, digital initiatives and strategic partnerships that improve product accessibility across multiple retail channels. Its asset-light franchise model, combined with disciplined cost management and ongoing operational efficiencies, supports long-term scalability and profitability potential. In addition, Krispy Kreme continues to benefit from strong brand recognition, seasonal product launches and loyalty-driven engagement, reinforcing its position within the sweet treats and quick-service retail landscape. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Krispy Kreme’s current fiscal-year loss per share has remained unchanged at 2 cents in the past seven days. The projection indicates growth of 80% from the year-ago period’s level. DNUT’s shares have fallen 11% in the past six months.
Price and Consensus: DNUT
BJ's Wholesale Club: A leading operator of membership warehouse clubs, BJ's Wholesale Club currently carries a Zacks Rank #3 (Hold). The company continues to exhibit steady momentum, supported by its strategic emphasis on membership expansion and digital transformation initiatives. BJ remains focused on strengthening its omnichannel ecosystem while reinforcing the value-focused membership model. These efforts have supported consistent growth in member acquisition and retention, contributing to stable membership fee income. By offering convenient solutions such as same-day delivery, buy online, pick up in club and ExpressPay, the company delivers a seamless and engaging shopping experience. In addition, BJ’s Wholesale Club has been methodically expanding its physical footprint, targeting attractive growth markets and underserved regions to support long-term scalability.
The Zacks Consensus Estimate for BJ's Wholesale Club’s current fiscal-year earnings per share (EPS) has decreased from $4.52 to $4.50 in the past seven days. The projection indicates growth of 2.3% from the year-ago period’s level. BJ’s shares have gained 4.1% in the past six months.
Price and Consensus: BJ
Ollie’s Bargain: Ollie’s continues to strengthen its competitive standing through a disciplined, value-focused operating model backed by effective merchandising and prudent expense management. This Zacks Rank #3 company benefits from its loyalty platform, Ollie’s Army, which serves as a key strategic lever by enhancing customer engagement and encouraging repeat visits, reinforcing its position in the closeout retail space. Consistent access to compelling brand-name deals, combined with ongoing investments in supply-chain capabilities and geographic expansion, supports operational efficiency and long-term growth.
The Zacks Consensus Estimate for Ollie’s current fiscal-year EPS has remained unchanged at $4.48 in the past seven days. This indicates growth of 16.1% year over year. OLLI has seen its shares declined 33.8% in the past six months.
Price and Consensus: OLLI
Grocery Outlet: This Zacks Rank #3 company’s differentiated value model, built on opportunistic sourcing and the Independent Operator structure, gives it distinct competitive positioning in discount retail. Grocery Outlet’s dynamic assortment of brand-name bargains, complemented by targeted merchandising initiatives, strengthens customer engagement and reinforces its value leadership. Strategic initiatives — from disciplined store expansion to store refresh efforts — are aimed at enhancing productivity, broadening market reach and supporting long-term profitability.
The Zacks Consensus Estimate for Grocery Outlet’s current fiscal-year EPS has remained unchanged at 51 cents over the past seven days. The projection indicates a decline of 32.9% from the year-ago period’s figure. GO’s shares have declined 23.1% in the past six months.
The market expects Ollie's Bargain Outlet (OLLI - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on June 3, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis retailer is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of +16%.
Revenues are expected to be $665.76 million, up 15.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ollie's Bargain Outlet?For Ollie's Bargain Outlet, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.49%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Ollie's Bargain Outlet will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ollie's Bargain Outlet would post earnings of $1.38 per share when it actually produced earnings of $1.39, delivering a surprise of +0.72%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ollie's Bargain Outlet doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Key Takeaways Ollie's Bargain reports Q1 FY2026 on June 3, with a focus on extending its earnings-beat streak.OLLI Q1 estimates: $665.8M revenues ( 15.4%) and $0.87 EPS ( 16%), unchanged over 30 days.Ollie's Bargain is down 22.5% in 3 months; forward P/S 1.53 vs industry 2.15 as earnings near. With Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) set to announce its first-quarter 2026 earnings results on June 3, before the market opens, investors are focused on whether the extreme value retailer can extend its earnings beat streak. Key factors to watch include comparable-store sales, margin trends, new store growth, inventory-sourcing opportunities and consumers’ continued appetite for value-oriented merchandise.
The Zacks Consensus Estimate for first-quarter revenues stands at $665.8 million, indicating a 15.4% increase from the prior-year reported figure. On the earnings front, the consensus estimate has remained stable at 87 cents per share over the past 30 days, implying a 16% year-over-year increase.
Ollie's Bargain has a trailing four-quarter earnings surprise of 5.6%, on average. In the last reported quarter, the company surpassed the Zacks Consensus Estimate by 0.7%.
Image Source: Zacks Investment Research
What the Zacks Model Indicates for OLLI’s Q1 EarningsAs investors prepare for Ollie's Bargain first-quarter results, the question looms regarding earnings beat or miss. Our proven model does not conclusively predict an earnings beat for Ollie's Bargain this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ollie's Bargain has a Zacks Rank #4 (Sell) and a negative Earnings ESP of 2.49%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors Shaping Ollie's Bargain Q1 OutcomeOllie's Bargain continued to benefit from healthy customer demand for value-oriented merchandise, particularly as consumers remained focused on affordability and trade-down shopping behavior. Management also highlighted strong momentum in its Ollie’s Army loyalty program, improved customer engagement initiatives and growing traction with younger shoppers through digital marketing efforts, all of which likely helped drive traffic and customer retention. We expect comparable-store sales to improve 2.4% during the quarter under discussion.
Another likely tailwind for the quarter is Ollie’s expanding merchandise pipeline and flexible buying model. Management repeatedly emphasized strong deal flow across categories, supported by ongoing retail industry consolidation and excess inventory availability from suppliers and manufacturers. The company’s ability to source branded products at attractive prices, while quickly adjusting category assortments based on demand trends, is likely to have strengthened its value proposition during the quarter. Seasonal products, consumables and other high-turn categories also appeared to remain important traffic drivers.
Store expansion and operational execution are also likely to have been contributors to quarterly performance. OLLI entered the year with an aggressive store growth strategy, supported by favorable real estate availability and continued investments in distribution, planning and allocation capabilities. Management also pointed to ongoing efforts to improve in-store productivity, optimize marketing spending and enhance the customer shopping experience. These initiatives, along with disciplined expense management and supply-chain investments, may have helped support sales leverage and operating efficiency during the quarter.
On the flip side, Ollie’s may have continued to face some pressure from softer spending trends among lower-income consumers. The company has also been investing in price to reinforce its value positioning, which could have weighed on merchandise margins. Management previously indicated that some newer stores delivered lower-than-expected productivity, while ongoing tariff-related uncertainty remained an area to monitor.
OLLI Stock Price PerformanceShares of Ollie's Bargain have fallen 22.5% over the past three months, wider than the industry’s 13.6% drop.
Compared with select discount and value retail peers, OLLI has underperformed Ross Stores, Inc. (ROST - Free Report) and Dollar Tree, Inc. (DLTR - Free Report) , while faring better than Dollar General Corporation (DG - Free Report) . During the same period, shares of Ross Stores have risen15.4%, whereas Dollar Tree and Dollar General have fallen 20% and 31.6%, respectively.
Image Source: Zacks Investment Research
Does OLLI Present a Strong Case for Value Investing?OLLI’s valuation remains discounted relative to the industry. Ollie's Bargain currently trades at a forward 12-month price-to-sales (P/S) multiple of 1.53, below the industry’s average of 2.15. The stock is also trading below its 12-month median P/S of 2.53.
Sluggish share-price performance has compressed OLLI’s valuation, leaving the stock trading at a discount to both the industry and its historical median. The discounted valuation reflects cautious investor sentiment ahead of earnings.
OLLI is trading at a discount to Ross Stores (with a forward 12-month P/S ratio of 3.02) but at a premium to Dollar Tree (0.89) and Dollar General (0.51).
Image Source: Zacks Investment Research
Final Words on OLLIOllie’s Bargain appears well-positioned to benefit from value-seeking consumer behavior, strong deal flow and continued store expansion. However, given the unfavorable earnings beat indicators, margin pressure from price investments and some softness among lower-income shoppers, current investors may want to refrain from adding positions before the earnings release, while new investors may prefer to wait for clearer signs of earnings momentum before taking fresh exposure.
The upcoming report from Ollie's Bargain Outlet (OLLI - Free Report) is expected to reveal quarterly earnings of $0.87 per share, indicating an increase of 16% compared to the year-ago period. Analysts forecast revenues of $665.76 million, representing an increase of 15.4% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Ollie's Bargain Outlet metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Number of new stores' reaching 26 . The estimate compares to the year-ago value of 25 .
The average prediction of analysts places 'Number of stores open at the beginning of period' at 645 . Compared to the present estimate, the company reported 559 in the same quarter last year.
The combined assessment of analysts suggests that 'Number of stores - End of period' will likely reach 671 . Compared to the present estimate, the company reported 584 in the same quarter last year.
View all Key Company Metrics for Ollie's Bargain Outlet here>>>
Over the past month, shares of Ollie's Bargain Outlet have returned -4.6% versus the Zacks S&P 500 composite's +6% change. Currently, OLLI carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
HARRISBURG, Pa., June 01, 2026 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) today announced the appointment of Jared Shure as Senior Vice President, General Counsel and Corporate Secretary, effective June 1, 2026. Mr. Shure joins Ollie’s from The Children’s Place, where he most recently served as Chief Administrative Officer, General Counsel and Corporate Secretary, overseeing legal, human resources, corporate governance, and enterprise risk functions.
In his role with Ollie’s, Mr. Shure will report to Eric van der Valk, President and Chief Executive Officer, and will oversee the Company’s legal, compliance, and corporate governance functions. He will work closely with the Board of Directors and serve as a member of the Company’s senior leadership team.
“We are excited to welcome Jared to our leadership team,” said Eric van der Valk, President and Chief Executive Officer. “Jared is a proven strategic partner with significant leadership experience in complex organizations and deep expertise in corporate governance and risk management. He is also a servant leader who shares our passion for enhancing the lives of our customers through selling Good Stuff Cheap.”
“I am excited to join the team at Ollie’s given its strong value proposition and differentiated operating model,” said Mr. Shure. “I look forward to partnering with the leadership team and Board of Directors to support the Company’s strategic priorities and continued growth moving forward.”
Shure brings nearly 20 years of business and legal experience to Ollie’s. Prior to his role with The Children’s Place, he served in senior legal roles at Kate Spade & Company and Tapestry, Inc. He began his legal career as a mergers and acquisitions associate at Paul, Weiss, Rifkind, Wharton & Garrison LLP and O’Melveny & Myers LLP. Shure earned his BS in Business Administration from the University of North Carolina at Chapel Hill and his JD from Cornell Law School.
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 January 31, 2026, we operated 645 stores in 34 states and growing! For more information, visit www.ollies.com.
Investor Contact
John Rouleau
Managing Director of Corporate Communication & Business Development [email protected]
Net Sales Increased 14%, Earnings Per Share Increased 19%, and Adjusted Earnings Per Share Increased 21%
Raising Fiscal 2026 Earnings Per Share Outlook
HARRISBURG, Pa., June 03, 2026 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced financial results for the first quarter ended May 2, 2026.
“We are very pleased with our first quarter results and the outstanding performance of our team,” said Eric van der Valk, President and Chief Executive Officer. “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.”
Mr. van der Valk continued, “On top of delivering strong earnings growth in the quarter, we continue to execute well against our strategic initiatives. We opened 27 new stores, grew our Ollie’s Army membership base by 13%, made progress on our category productivity initiatives, reinvested in our supply chain, and returned $53 million to shareholders through share repurchases in the first quarter. Based on our solid start to the year, we are raising our earnings per share outlook for fiscal 2026.”
Thirteen weeks ended May 2, May 3,Dollars in thousands, except per share data 2026 2025 Net sales$658,928 $576,767 Yr/yr change 14.2% 13.4%Comparable store sales change(1) 1.7% 2.6%Net income$56,400 $47,560 Net income per diluted share$0.92 $0.77 Adjusted net income per diluted share$0.91 $0.75 Yr/yr change 21.3% 2.7%Adjusted EBITDA$87,892 $72,159 % of net sales 13.3% 12.5%Store openings 27 25 Store growth, yr/yr change 15.1% 13.2% (1)Calculated based on the comparable number of weeks from the prior year. First Quarter 2026 Highlights and Year-Over-Year Comparisons
Opened 27 new stores and ended the quarter with 672 stores in 35 states, an increase of 15.1%.Ollie’s Army loyalty members increased 12.6% to 17.5 million members.Net sales increased 14.2% to $658.9 million, driven by new store unit growth and an increase in comparable store sales.Comparable store sales increased 1.7%, driven primarily by an increase in basket.Gross margin increased 80 basis points to 41.9%. This was above our expectation and driven by lower supply chain costs and a modest increase in merchandise margin.Selling, general, and administrative (“SG&A”) expenses as a percentage of net sales was flat at 28.6%.Pre-opening expenses decreased 3.2% to $6.4 million, primarily driven by lower dark rent expense associated with the bankruptcy acquired stores, partially offset by an increase in store openings.Adjusted net income increased 21.3% to $55.9 million and adjusted net income per diluted share increased 21.3% to $0.91.Total cash and investments increased 26.7%, or $110.7 million, to $525.6 million. This included cash and cash equivalents of $197.7 million, short-term investments of $51.9 million, and long-term investments of $276.0 million.The Company invested $53.4 million of cash to repurchase 542,486 shares of its common stock. At the end of the first quarter, $205.4 million remained available for future share repurchases under the current share repurchase authorization. Outlook
The Company is raising its earnings per share outlook for the 2026 fiscal year ending January 30, 2027. A table comparing the current outlook metrics to the previous outlook metrics is below. These metrics do not assume any impact from IEEPA tariff refunds.
Current Previous New store openings75 75 Net sales$2.980 to $3.000 billion $2.985 to $3.013 billion Comparable store sales growth~2% ~2% Gross margin~40.7% ~40.5% Operating income$340 to $348 million $339 to $348 million Adjusted net income (1)(2)$271 to $277 million $270 to $277 million Adjusted net income per diluted share(1)(2)$4.45 to $4.55 $4.40 to $4.50 Annual effective tax rate(2)~25% ~25% Diluted weighted average shares outstanding~60.9 million ~61.4 million Capital expenditures$103 to $113 million $103 to $113 million Share repurchases~$125 million ~$100 million (1) Includes interest income of approximately $21 million. (2) 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 first quarter 2026 financial results is scheduled for today, June 3, 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 May 2, 2026, we operated 672 stores in 35 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 periods ended May 2, 2026 and May 3, 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 of Corporate Communication & Business Development [email protected]
Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Statements of Income (unaudited)
(In thousands except for per share amounts)
Thirteen weeks ended May 2, May 3, 2026 2025 Net sales$658,928 $576,767 Cost of sales 382,964 339,736 Gross profit 275,964 237,031 Selling, general and administrative expenses 188,682 164,832 Depreciation and amortization expenses 11,283 9,357 Pre-opening expenses 6,442 6,656 Operating income 69,557 56,186 Interest income, net (4,966) (4,788)Income before income taxes 74,523 60,974 Income tax expense 18,123 13,414 Net income$56,400 $47,560 Earnings per common share: Basic$0.93 $0.78 Diluted$0.92 $0.77 Weighted average common shares outstanding: Basic 60,884 61,343 Diluted 61,191 61,816 Percentage of net sales: Net sales 100.0% 100.0%Cost of sales 58.1 58.9 Gross profit 41.9 41.1 Selling, general and administrative expenses 28.6 28.6 Depreciation and amortization expenses 1.7 1.6 Pre-opening expenses 1.0 1.2 Operating income 10.6 9.7 Interest income, net (0.8) (0.8)Income before income taxes 11.3 10.6 Income tax expense 2.8 2.3 Net income 8.6% 8.2% Components may not add to totals due to rounding. Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Balance Sheets (unaudited)
(In thousands)
May 2, May 3,Assets 2026 2025 Current assets: Cash and cash equivalents$197,673 $199,018 Short-term investments 51,886 170,490 Inventories 686,922 611,852 Accounts receivable 4,887 2,348 Prepaid expenses and other current assets 19,621 14,313 Total current assets 960,989 998,021 Property and equipment, net 398,308 346,151 Operating lease right-of-use assets 680,820 639,664 Goodwill 444,850 444,850 Trade name 230,559 230,559 Long-term investments 276,038 45,355 Other assets 2,335 2,379 Total assets$2,993,899 $2,706,979 Liabilities and Stockholders’ Equity Current liabilities: Current portion of long-term debt$844 $566 Accounts payable 154,751 137,869 Income taxes payable 25,952 14,364 Current portion of operating lease liabilities 111,764 99,767 Accrued expenses and other current liabilities 120,909 95,238 Total current liabilities 414,220 347,804 Long-term debt 1,513 925 Deferred income taxes 91,905 81,006 Long-term portion of operating lease liabilities 596,175 547,431 Total liabilities 1,103,813 977,166 Stockholders’ equity: Common stock 68 68 Additional paid-in capital 760,276 739,333 Retained earnings 1,664,709 1,415,273 Treasury - common stock (534,967) (424,861)Total stockholders’ equity 1,890,086 1,729,813 Total liabilities and stockholders’ equity$2,993,899 $2,706,979 Ollie’s Bargain Outlet Holdings, Inc.
Condensed Consolidated Statements of Cash Flows (unaudited)
(In thousands)
Thirteen weeks ended May 2, May 3, 2026 2025 Net cash provided by operating activities$45,501 $28,702 Net cash used in investing activities (49,561) (18,266)Net cash used in financing activities (57,947) (16,541)Net decrease in cash and cash equivalents (62,007) (6,105)Cash and cash equivalents, beginning of the period 259,680 205,123 Cash and cash equivalents, end of the period$197,673 $199,018 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 May 2, May 3, 2026 2025 Net income$56,400 $47,560 Excess tax benefits related to stock-based compensation(1) (494) (1,487)Adjusted net income$55,906 $46,073 Net income per diluted share$0.92 $0.77 Adjustments as noted above, per dilutive share: Excess tax benefits related to stock-based compensation(1) (0.01) (0.02)Adjusted net income per diluted share$0.91 $0.75 Diluted weighted-average common shares outstanding 61,191 61,816 Net income$56,400 $47,560 Interest income, net (4,966) (4,788)Depreciation and amortization expenses 14,934 12,809 Income tax expense 18,123 13,414 EBITDA 84,491 68,995 Non-cash stock-based compensation expense 3,401 3,164 Adjusted EBITDA$87,892 $72,159 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 May 2, May 3, 2026 2025 Number of stores - beginning of period 645 559 Store openings 27 25 Store closings - - Number of stores - end of period 672 584 Yr/yr store growth 15.1% 13.2%Comparable stores sales change 1.7% 2.6%Comparable store count – end of period 557 508 Total cash and investments(1)$525,597 $414,863 Capital expenditures$25,474 $26,740 Share repurchases$53,366 $17,107 (1)Includes cash and cash equivalents, short-term investments, and long-term investments.
Ollie's Bargain Outlet (OLLI - Free Report) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.39%. A quarter ago, it was expected that this retailer would post earnings of $1.38 per share when it actually produced earnings of $1.39, delivering a surprise of +0.72%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Ollie's Bargain Outlet, which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $658.93 million for the quarter ended April 2026, missing the Zacks Consensus Estimate by 1.03%. This compares to year-ago revenues of $576.77 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ollie's Bargain Outlet shares have lost about 27.7% since the beginning of the year versus the S&P 500's gain of 11.2%.
What's Next for Ollie's Bargain Outlet?While Ollie's Bargain Outlet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ollie's Bargain Outlet was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.16 on $778.08 million in revenues for the coming quarter and $4.48 on $3 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Staples is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
RH (RH - Free Report) , another stock in the same industry, has yet to report results for the quarter ended April 2026.
This furniture and housewares company is expected to post quarterly loss of $1.70 per share in its upcoming report, which represents a year-over-year change of -1407.7%. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level.
RH's revenues are expected to be $791.62 million, down 2.7% from the year-ago quarter.
MarketBeat Week in Review – 03/16 - 03/20Ollie's Bargain Outlet NASDAQ: OLLI reported first-quarter fiscal 2026 results that management said reflected solid sales growth, stronger margins and disciplined expense control, even as weather volatility and higher fuel prices weighed on some regions and categories.
President and Chief Executive Officer Eric Vander Veen said the closeout retailer delivered “strong earnings growth” despite a challenging consumer backdrop. He said sales and traffic were strong early in the quarter, but trends diverged as the period progressed, with unseasonable weather and surging fuel prices pressuring categories such as lawn and garden and summer furniture.
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Five Below's Earnings Blowout Has Wall Street Scrambling to Raise Targets“With our stores being located in more rural and suburban areas, we also think the rapid spike in gas prices led to some trip consolidation which impacted traffic,” Vander Veen said.
First-quarter sales rise 14% Executive Vice President and Chief Financial Officer Robert Helm said net sales increased 14% to $659 million, driven by new store openings and comparable-store sales growth. Comparable-store sales rose 1.7%, driven primarily by higher basket size. Traffic was positive but only slightly so, which Helm said reflected the impact of trip consolidation.
Ollie’s Stock Won’t Stay a Bargain Much LongerTop-performing categories included food, general merchandise, hardware, seasonal decor and stationery. Weather-sensitive categories, including lawn and garden and summer furniture, underperformed.
Helm said performance varied meaningfully by region. The East, Midwest and Central markets outperformed their plans by 100 to 200 basis points, while the South lagged by 100 to 300 basis points, with lawn and garden the largest drag. Slower sales of bulky seasonal products also created throughput constraints at the company’s Texas distribution center, affecting the southern region.
Gross margin rose 80 basis points to 41.9%, ahead of company expectations, helped by lower supply chain costs. Helm said higher fuel costs were more than offset by lower tariff expenses, while merchandise margin was slightly higher.
Adjusted net income increased 21% to $56 million, and adjusted earnings per share rose to $0.91. Adjusted EBITDA increased 22% to $88 million, with adjusted EBITDA margin up 80 basis points to 13.3%.
Consumer pressure shifts shopping patterns Management said consumers are increasingly shopping closer to need, particularly lower-income shoppers affected by higher gas prices and longer drives to stores. Vander Veen said Ollie’s saw stronger trade-down activity among higher-income customers, which he defined as households earning more than $100,000, but also an acceleration in lower-income customers trading out.
“Customers bought what they needed, very close to need,” Vander Veen said during the question-and-answer session. He added that consumables remained very strong, while nonessential purchases, including weather-related seasonal items, were deferred.
Vander Veen said the company has seen “green shoots” when weather conditions improve for several days in specific regions, including stronger traffic and recovery in seasonal categories. Helm said second-quarter comparable sales are currently running below the company’s full-year comparable-store sales target, largely due to continued weather volatility and pressure on lower-income consumers, but the company believes second-quarter comps could look similar to the first quarter.
Store growth and loyalty program remain priorities Ollie’s opened 27 new stores in the first quarter and ended the period with 672 stores in 35 states. The company reiterated its plan to open 75 stores this year, including its first store in Minnesota, and said it is expanding rapidly in the Midwest.
Management also highlighted continued growth in the Ollie’s Army loyalty program, which Vander Veen said accounts for more than 80% of company sales. Helm said Ollie’s added nearly 500,000 net new members during the quarter, bringing the program to 17.5 million members, up 13% from a year earlier.
The company plans several loyalty events in the second quarter, including Ollie’s Army Night and Ollie’s Army Days. Vander Veen said the company is working to make those events more compelling and to use digital marketing channels to drive urgency around relevant products.
Merchandising and supply chain investments continue Vander Veen said Ollie’s continues to use data and a test-and-learn process to improve sales productivity across the store. Seasonal decor remained one of the company’s top categories despite the headwind of an early Easter.
The company also reduced its wall-to-wall carpet offering and replaced the space with living room furniture. Vander Veen said the added furniture assortment improved sales productivity by more than 100% in the same floor space. During the Q&A, he said Ollie’s is no longer putting wall-to-wall carpet in new stores, with furniture being added in most new locations.
Ollie’s is also reviewing downtrending categories such as books and flooring. Vander Veen said the company remains committed to both businesses but is evaluating how to rightsize and reposition them.
On supply chain, the company completed a warehouse execution system replacement at its Texas distribution center, the final facility in the network to receive the upgrade. Vander Veen said the Texas distribution center expansion remains on schedule for completion early in the third quarter, and the company plans to begin expanding its Illinois distribution center later this year. Together, those projects are expected to increase network capacity to more than 850 stores.
Guidance updated as earnings outlook rises Ollie’s updated its full-year outlook, lowering its sales range slightly to reflect current trends while raising its earnings outlook following the first-quarter performance. The company now expects:
75 new store openings; Net sales of $2.98 billion to $3.00 billion; Comparable-store sales growth of about 2%; Gross margin of about 40.7%; Operating income of $340 million to $348 million; Adjusted net income of $271 million to $277 million; Adjusted earnings per share of $4.45 to $4.55. The outlook assumes higher fuel costs for the rest of the year and does not include any benefit from potential tariff refunds. Helm said the company benefited from lower tariff levels tied to a SCOTUS decision and assumes those remain in place through July, while the second half of the year reflects higher pre-SCOTUS tariff assumptions.
Ollie’s ended the quarter with $526 million in cash and investments and no meaningful long-term debt. The company repurchased $53 million of its common stock in the quarter and raised its planned buyback level for the year to $125 million, which Helm said is roughly 50% of free cash flow.
Vander Veen said the company’s closeout deal flow remains strong as consumer pressure and retail consolidation create opportunities. “Simply put, we continue to see an increase in both the quantity and the quality of the deals,” he said.
About Ollie's Bargain Outlet NASDAQ: OLLIOllie's Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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Ollie's Bargain Outlet (OLLI - Free Report) reported $658.93 million in revenue for the quarter ended April 2026, representing a year-over-year increase of 14.2%. EPS of $0.91 for the same period compares to $0.75 a year ago.
The reported revenue represents a surprise of -1.03% over the Zacks Consensus Estimate of $665.76 million. With the consensus EPS estimate being $0.87, the EPS surprise was +4.39%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ollie's Bargain Outlet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Store openings: 27 compared to the 26 average estimate based on four analysts.Number of stores - beginning of period: 645 versus 645 estimated by four analysts on average.Number of stores - end of period: 672 versus the four-analyst average estimate of 671.Comparable store sales change: 1.7% versus the four-analyst average estimate of 2.1%.Average Net Sales per Store: $0.98 million versus $1.02 million estimated by two analysts on average.View all Key Company Metrics for Ollie's Bargain Outlet here>>>
Shares of Ollie's Bargain Outlet have returned -3.1% over the past month versus the Zacks S&P 500 composite's +5.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Ollie's Bargain Outlet (OLLI) Reports Q1 Earnings Beat and Raises EPS Guidance Ollie's Bargain Outlet OLLI is experiencing a slight decline in stock price despite exceeding Q1 earnings expectations and raising its full-year EPS guidance. Investors seem to be weighing the improved profit outlook against sales figures that were only in line or slightly below expectations. The company has adjusted its FY27 EPS guidance to a range of $4.45-$4.55, up from $4.40-$4.50. Revenue guidance remains unchanged at $2.980-$3.000 billion, with comparable sales projected at around 2% and plans to open 75 new stores. This has led to questions about the sustainability of earnings growth without a stronger sales boost.
Store Growth: OLLI opened 27 new stores in the quarter, bringing the total to 672, marking a 15.1% increase. This expansion is a key growth strategy for the company. Loyalty and Demand: Membership in Ollie's Army rose by 12.6% to 17.5 million, bolstering customer traffic and retention as consumers increasingly seek value-oriented shopping options. Comparable Sales: Comparable sales saw a 1.7% increase. Investors are keen to see if both transaction volume and average ticket size can support future growth, which would enhance confidence in the company's long-term 2% growth target. Margin Quality: The gross margin improved by 80 basis points to 41.9%, indicating that supply chain efficiencies and merchandise margins are effectively countering earlier concerns about margin pressures from pricing strategies. Inventory and Deal Flow: The company's treasure-hunt model relies on a steady flow of closeout merchandise, making inventory management and deal sourcing critical for maintaining margins. Capital Allocation Framework: Management has clarified its long-term strategy, targeting a 2% comparable sales growth, a gross margin baseline of 40.5%, and returning approximately 50% of free cash flow through share buybacks. This provides investors with clearer performance benchmarks. What to Watch: Investors will be monitoring whether comparable sales approach or exceed the 2% target, the durability of the 41.9% gross margin, and the productivity of this year’s planned 75 new store openings as they mature. The recent developments do not alter the broader growth narrative but highlight the near-term earnings potential for OLLI. The company has delivered strong profitability, improved gross margins beyond its long-term targets, and raised EPS guidance while maintaining its sales outlook. Investors are particularly interested in the sustainability of this profit growth, especially if comparable sales do not meet the 2% long-term goal and if revenue growth remains heavily reliant on new store openings. Positive indicators would include stronger comparable sales driven by increased transactions and basket sizes, effective performance from new stores, and robust availability of closeout merchandise. Conversely, negative signals could arise from declining traffic trends, reduced deal flow, diminishing margin benefits, or signs that rapid store expansion is impacting returns.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Key Takeaways OLLI posted Q1 adjusted EPS of $0.91, beating estimates, as net sales rose 14.2% to $658.9M.Comparable-store sales at Ollie's Bargain climbed 1.7% on bigger baskets; weather-hit categories lagged.OLLI raised FY26 EPS view to $4.45-$4.55 and boosted planned share repurchases to about $125M. Ollie’s Bargain Outlet Holdings, Inc. (OLLI - Free Report) 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. We had expected comparable-store sales to increase 2.4% during the quarter under review.
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.
Shares of this Zacks Rank #3 (Hold) company have fallen 27% over the past three months compared with the industry’s decline of 10.3%.
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The consensus estimate for Ross Stores’ current fiscal-year sales and earnings implies growth of 8.2% and 15.6%, respectively, from the year-ago reported figures. ROST delivered a trailing four-quarter earnings surprise of 10.2%, on average.
Casey's General Stores, Inc. (CASY - Free Report) is one of the leading convenience store chains in the United States. CASY currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Casey's current fiscal-year sales and earnings calls for growth of 8.7% and 24.3%, respectively, from the year-ago reported figures. CASY delivered a trailing four-quarter earnings surprise of 20%, on average.
Tyson Foods, Inc. (TSN - Free Report) operates as a leading protein company producing chicken, beef, pork and prepared food products. TSN currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Tyson Foods’ current fiscal-year sales implies growth of 4.5%, while the consensus mark for earnings indicates a 0.5% increase from the year-ago reported figures. TSN delivered a trailing four-quarter earnings surprise of 18.1%, on average.
The market has Ollie’s Bargain Outlet NASDAQ: OLLI completely wrong, pricing it as a dollar store rather than a closeout retailer, which is what it is. Close-out retailers rely on end-of-season, surplus, and excess inventory from major retailers and manufacturers, snagging deep discounts they pass on to their shoppers.
Ollie's Bargain Outlet Today
OLLI
Ollie's Bargain Outlet
$83.65 +5.35 (+6.83%)
As of 06/11/2026 04:00 PM Eastern
52-Week Range$73.32▼
$141.74P/E Ratio20.65
Price Target$125.13
On the other hand, dollar stores offer a low-price variety of everyday items they keep in stock; they are low-price convenience stores. The distinctions are margin, pricing power, and, ultimately, what they carry, and they make all the difference.
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Off-price retailers like Ollie’s are strong in 2026, underpinned by healthy consumers and ample supply, driving robust cash flow and capital returns. Dollar stores are also doing well, but they trade at a deep discount compared to their off-price peers, and that is the opportunity today.
Ollie’s Has Value to Unlock: Catalysts in PlayTrading at approximately 17.5X its current-year earnings forecast, Ollie’s is highly valued relative to dollar stores such as Dollar Tree NASDAQ: DLTR and Dollar General NYSE: DG, which trade at 14X and 16X, respectively. The opportunity is a price-multiple expansion to off-price retail levels, with companies such as TJX Companies NASDAQ: TJX, Ross Stores NASDAQ: ROST, and Burlington Stores (BURL) trading at 27X to 30X earnings.
Beyond steady organic growth, strong cash flow, and rising capital returns, the key driver here is Ollie's converting empty, cost-only store space into stores that actually generate sales. The backstory: when Ollie's acquired former Big Lots locations out of bankruptcy, it took on the leases before it could open the stores—meaning it was paying rent on dark, unused space (known as "dark rent"). As management remodels and opens those locations, that dead rent expense turns into revenue-producing retail. The takeaway is that Ollie’s has a path to accelerated revenue growth and margin expansion, as reflected in the Q1 release and guidance update, which will be a trigger for bullish market activity.
Ollie’s Bargain Outlet Has Strong Quarter, Widens MarginOllie’s Bargain Outlet had a strong, if mixed, quarter in Q1. The mixed part was the comparison to consensus estimates: revenue fell a hair short of the $700.85 million the market expected, but the miss was small and offset by other strengths. The primary offset is the 14.2% revenue growth, an acceleration from the prior year, underpinned by a 1.7% comp store gain and a 15.1% increase in store count. Ollie’s now runs 672 stores in 35 states and has ample room to grow. Another critical detail is the loyalty membership base, which grew by 12.6%.
Margin news was the strongest of the report. The company widened margins across all levels, gaining 80 basis points (bps) in gross margin, 70 bps in adjusted EBITDA margin, and 30 bps in net income margin, driving accelerated earnings growth. Adjusted earnings per share (EPS) grew by 21% to 91 cents, outpacing the consensus by 4 cents.
Guidance is as mixed as the quarterly results but still bullish for investors. The company trimmed its revenue target to about 12.5% year-over-year growth, in line with the consensus estimate, while raising its earnings outlook. It forecasts a wider-than-expected margin and adjusted EPS of $4.50 at the midpoint, a nickel above forecast.
Ollie’s Accelerates Buyback in 2026Perhaps the most important news from the report is the accelerated share buyback. Executives demonstrated extreme confidence in future results by increasing their share-buyback plans by 25%. The new target is $125 million in shares, about 2.6% of the market cap with shares trading at early-June lows, and activity may be accelerated again in upcoming quarters. As it stands, the Q1 activity led to a 1% year over year reduction in average count, providing significant leverage for investors.
Ollie’s balance sheet provides no red flags. The Q1 details reflect both the aggressive buyback and the impact of investments and the conversion of dark rent. Highlights include a 26% increase in cash and investments, higher current and total assets, and higher equity, despite corresponding increases in liabilities and capital returns. Looking ahead, Ollie’s is on track to continue improving margin as it converts the dark space and will likely sustain its fortress balance sheet while reducing the share count.
Analysts Cap Gains in Early 2026, Robust Gains Still PossibleAnalysts responded to Ollie’s Q1 release with downgrades and price target reductions despite the strengths. The concern is slowing comp store sales, but even so, the data reveals optimism and sufficient upside to be interesting. Trading near $80, OLLI is more than 10% below the lowest analyst targets, while the consensus reported by MarketBeat forecasts a 65% upside. The 65% upside may not be unlocked this summer, but it is a viable target, and institutional data suggest the group thinks the same. Institutions own virtually 100% of OLLI stock and have been accumulating on balance for eight consecutive quarters.
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