Ollie's Bargain Outlet Beats Earnings, Boosts Outlook

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) recently announced first quarter financial results that surpassed analyst earnings predictions. The company reported adjusted earnings per share of $0.91, exceeding the consensus estimate of $0.87. While revenue of $658.9 million was slightly below expectations, it still marked a significant 14% increase from the same period last year.

Building on this performance, Ollie's has raised its fiscal 2026 adjusted earnings per share guidance to a range of $4.45 to $4.55, up from its previous forecast. This upward revision reflects management's confidence in the company's ongoing growth trajectory. Comparable store sales increased by 1.7% during the quarter, primarily due to customers purchasing more items per visit. Gross margin also saw an improvement, expanding by 80 basis points to 41.9%, attributed to lower supply chain costs and better merchandise margins.

The discount retailer experienced substantial unit growth, opening 27 new stores in the first quarter, bringing its total to 672 stores across 35 states. The Ollie's Army loyalty program also expanded, reaching 17.5 million members. The company demonstrated a commitment to shareholder returns by repurchasing approximately $53.4 million worth of shares in the quarter and increasing its planned share repurchases for fiscal 2026 to around $125 million.