Ollie's Bargain Outlet Holdings, Inc. is a U.S. retailer of closeout merchandise and excess inventory. It offers a broad range of products including health and beauty aids, food, beverages, pet food, cleaning supplies, housewares, furniture, home decor, electronics, clothing, sporting goods, and automotive products. The company sells under brands such as Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Brands! Real Bargains, Sarasota Breeze, and American Way. Formerly known as Bargain Holdings, Inc., it changed its name to Ollie's Bargain Outlet Holdings, Inc. in March 2015. Founded in 1982, it is headquartered in Harrisburg, Pennsylvania.
Ollie's Bargain Outlet Opens 700th Store in Maplewood, Minnesota
Ollie's Bargain Outlet Holdings opened its 700th store in Maplewood, Minnesota, extending its closeout retail footprint across the Midwest. The milestone comes alongside the company's September 2 guidance update, which slightly lowered full year net sales expectations while nudging operating income guidance higher. Ollie's is expanding from 658 stores toward more than 1,300 locations, and the company's narrative projects $3.8 billion in revenue and $325.1 million in earnings by 2029. The most optimistic analysts were modeling about US$3.9 billion of revenue and US$332 million of earnings by 2029, against a fair value estimate of $99.93 that implies 13% upside to the current price.
OLLI · Capital · Neutral September 2 guidance slightly lowered full-year net sales expectations while nudging operating income guidance higher.
OLLI · Demand · Positive Ollie's opened its 700th store in Maplewood, Minnesota, extending its closeout retail footprint toward more than 1,300 locations.
Ollie's Bargain Outlet lowered its fiscal 2026 net sales outlook to $2.928-$2.941 billion from $2.980-$3.000 billion while raising its adjusted earnings guidance to $4.57-$4.65 per share from $4.45-$4.55. The company now expects comparable-store sales of flat to up 0.5%, down from its prior view of about 2% growth, and lifted its gross-margin view to about 41.3% from 40.7%, with operating income projected at $345-$350 million. The reset followed second-quarter fiscal 2026 adjusted earnings of $1.42 per share, up 43.4% year over year and 24.6% above the Zacks Consensus Estimate of $1.14, while net sales rose 9.1% to $741.3 million and missed the $753 million consensus by 1.5%. Comparable-store sales fell 1.8% as average basket size declined, though gross margin expanded 360 basis points to 43.5%, with IEEPA tariff refunds contributing 380 basis points. Ollie's opened 15 stores and closed one storm-damaged location in the quarter, ending with 686 stores across 36 states, and repurchased about $84 million of stock in the quarter and $137.3 million in the first half, with planned share repurchases for the year increased to about $175 million from $125 million.
OLLI · Capital · Neutral Cut sales/comparable-store outlook but raised EPS and gross-margin guidance, with Q2 EPS up 43.4% and buybacks increased to ~$175M.
OLLI · Demand · Negative Comparable-store sales fell 1.8% on lower average basket size and full-year comps guided to flat-to-up 0.5% from ~2%.
Ollie's Q2 EPS Jumps 43.4% as Analysts Split on Tariff-Fueled Margin
Ollie's Bargain Outlet Holdings reported second-quarter results for the period ended August 1, 2026, with adjusted earnings per share jumping 43.4% to $1.42 while comparable store sales fell 1.8% and net sales rose 9.1% to $741.3 million on new store growth. Management cut its full-year comparable sales outlook to flat-to-0.5% growth and guided net sales to $2.928 billion to $2.941 billion. Among the seven analysts who weighed in, two firms raised their price targets while five cut them, though none turned outright bearish; RBC Capital raised its target to $124 from $121, Truist went to $85 from $80, and Craig-Hallum trimmed to $120 from $130, while Morgan Stanley's Simeon Gutman cut to $98 from $108, BofA to $105 from $115, Piper Sandler's Peter Keith to $100 from $113, and Citi to $98 from $100. Gross margin rose 360 basis points to 43.5%, with 380 basis points of that increase coming from IEEPA tariff refunds worth roughly $0.35 a share, a benefit management is already redeploying into about $15 million of price investment, and CFO Robert Helm flagged rising fuel costs as a 20 to 30 basis point headwind. The company opened 15 new stores in the quarter, bringing the total to 686 across 36 states, up 11.9% year-over-year, while Ollie's Army membership grew 12.7% to 18.1 million, and it ended the quarter with $507.1 million in cash and no meaningful long-term debt, bought back $84 million of stock, and raised its full-year repurchase target to roughly $175 million. Point72 Asset Management raised its stake 45% to 1.51 million shares worth $116.2 million as of the second quarter of 2026, Hood River Capital Management trimmed its position 16% to 742,353 shares worth $57.1 million, Citadel Investment Group cut 11% to 443,728 shares worth $34.1 million, and ExodusPoint Capital took a new position of 346,871 shares worth $26.7 million, with overall hedge fund ownership ticking up to 38 funds from 36 and short interest at 15.00% of float.
OLLI · Capital · Positive Q2 adjusted EPS jumped 43.4% to $1.42 with gross margin up 360bps, though analysts split on tariff-fueled margin sustainability.
OLLI · Demand · Negative Comparable store sales fell 1.8% and management cut its full-year comparable sales outlook to flat-to-0.5% growth.
Ollie's Q2 Earnings Beat on Tariff Refunds, Cuts Sales Outlook
Ollie's Bargain Outlet reported second-quarter adjusted earnings per share of $1.42, up 43% year over year, beating expectations thanks to IEEPA tariff refunds, even as net sales rose 9.1% to $741 million but comparable store sales fell 1.8%. The company trimmed its full-year sales outlook, now expecting net sales of $2.928 billion to $2.941 billion and comparable store sales growth of flat to positive 0.5%, while raising its gross margin forecast to 41.3% due to the tariff refunds. Management attributed the softer sales to unfavorable weather, economic pressure on consumers, and an elevated promotional environment, and noted that lower-income customers are shopping less frequently while higher-income customers trade down. The company opened 15 new stores in the quarter, bringing the first-half total to 42, and repurchased $84 million of stock, with $122 million remaining under its buyback authorization.
OLLI · Capital · Positive Q2 adjusted EPS of $1.42 beat expectations, up 43% YoY, aided by IEEPA tariff refunds and a raised gross margin forecast.
OLLI · Demand · Negative Comparable store sales fell 1.8% and the company trimmed its full-year sales outlook on weaker customer traffic and an elevated promotional environment.
Ollie's Bargain Outlet Holdings Inc. reported second-quarter fiscal 2026 adjusted earnings of $1.42 per share, surpassing the Zacks Consensus Estimate of $1.14, and its shares advanced 2.1%. In contrast, G-III Apparel Group Ltd. posted second-quarter fiscal 2027 revenues of $554.09 million, missing the consensus estimate of $570.40 million, causing its shares to plunge 11.5%. Palo Alto Networks Inc. saw its shares plummet 9.3% after reporting fourth-quarter fiscal 2026 Subscription and Support revenues and adjusted gross profits below the Zacks Consensus Estimate. Uber Technologies Inc.'s shares rose 1.6% following its decision to lay off 3,300 employees, or 10% of its total workforce.
GIII · Capital · Negative G-III Apparel posted Q2 fiscal 2027 revenues of $554.09M, missing the $570.40M consensus estimate, sending shares down 11.5%.
OLLI · Capital · Positive Ollie's Bargain Outlet reported Q2 fiscal 2026 adjusted EPS of $1.42, beating the $1.14 consensus estimate.
PANW · Capital · Negative Palo Alto Networks' Q4 fiscal 2026 Subscription and Support revenues and adjusted gross profits came in below consensus, driving shares down 9.3%.
UBER · Capital · Neutral Uber announced layoffs of 3,300 employees (10% of workforce), a cost-cutting move that lifted shares 1.6%.
Ollie's Bargain Outlet Beats EPS but Misses Revenue in Q2
Ollie's Bargain Outlet reported Q2 CY2026 revenue of $741.3 million, a 9.1% increase year over year but 1.2% below analyst estimates of $750 million, while adjusted EPS of $1.42 beat consensus by 26.5%. The company lowered its full-year revenue guidance to $2.93 billion at the midpoint, down from $2.99 billion, but raised adjusted EPS guidance to $4.61, up 2.4%. Same-store sales declined 1.8% year over year, yet the company opened 54 new stores in the first half, more than four times the prior year period, bringing total locations to 686. Management cited strong deal flow from tariffs and retail bankruptcies, along with a revamped loyalty event that boosted new member sign-ups by 60%, as key drivers of margin expansion and customer growth.
OLLI · Capital · Neutral Q2 revenue of $741.3M missed estimates and full-year revenue guidance was lowered, though adjusted EPS beat by 26.5% and EPS guidance was raised.
OLLI · Demand · Negative Same-store sales declined 1.8% year over year, signaling weaker end-customer demand at existing stores.
Ollie's Bargain Outlet is scheduled to announce its second-quarter earnings on Wednesday, September 2nd, before market open. The consensus EPS estimate is $1.12, up 13.1% year-over-year, and the consensus revenue estimate is $747.68 million, up 10.0% year-over-year. Over the last two years, the company has beaten EPS estimates 63% of the time and revenue estimates 38% of the time. In the past three months, EPS estimates have seen four upward revisions and ten downward, while revenue estimates have seen zero upward and fourteen downward revisions.
OLLI · Capital · Neutral Q2 earnings preview with consensus EPS $1.12 and revenue $747.68M; recent downward estimate revisions make the outcome uncertain.
General Merchandise Retail Stocks Post Strong Q1, Kohl's Revenue Declines While Five Below Leads Growth
The eight general merchandise retail stocks tracked by this publication reported a very strong first quarter, with revenues beating analysts' consensus estimates by 2.5% and next quarter's revenue guidance coming in 2.2% above expectations. Kohl's reported revenues of $3.17 billion, down 2% year on year and in line with expectations, making it the slowest grower in the group, though its stock has risen 33.4% since the report. Five Below led the group with revenues of $1.29 billion, up 32.5% year on year and beating estimates by 5.7%, while also delivering the highest guidance raise among peers, yet its stock fell 9.1%. Ollie's Bargain Outlet posted revenues of $658.9 million, up 14.2% but missing estimates by 0.7%, and its stock dropped 16.4%. Burlington Stores reported revenues of $2.86 billion, up 14.1% and beating estimates by 2.7%, with its stock up 5.9%. Ross Stores achieved the biggest analyst estimate beat with revenues of $6.01 billion, up 20.6% and surpassing expectations by 6.6%, and its stock gained 7.6%.
StockStory flags Ollie's, Northrop Grumman, and NVR as profitable but risky
StockStory highlights three profitable companies that it approaches with caution: Ollie's Bargain Outlet, Northrop Grumman, and NVR. Ollie's, with a trailing 12-month GAAP operating margin of 11.4%, shows subscale operations at $2.73 billion in revenue, flat operating margin, and a 9.2% return on capital. Northrop Grumman, at an 11.6% margin, has seen annual sales growth of just 2.6% over five years, with projected 12-month growth of 5.4% and EPS rising only 3.1% annually. NVR, despite a 15.5% margin, faces stagnating sales, a 7.5% annual EPS decline over two years, and waning returns on capital. The firm suggests investors consider alternatives.
Ollie's Bargain Outlet reported first-quarter fiscal 2026 adjusted earnings of 91 cents per share, beating the Zacks Consensus Estimate of 87 cents and rising 21.3% from a year ago. Net sales grew 14.2% to $658.9 million, missing the $666 million consensus, while comparable-store sales increased 1.7% driven by higher basket size. Gross margin expanded 80 basis points to 41.9%, and operating income climbed 23.8% to $69.6 million. Management raised its full-year adjusted earnings outlook to a range of $4.45 to $4.55 per share from the prior $4.40 to $4.50, and now expects gross margin of approximately 40.7%. The company opened 27 new stores during the quarter, ending with 672 locations, and plans to open 75 new stores in fiscal 2026.
Ollie's Bargain Outlet: 3 Reasons Growth Investors Should Take Notice
Ollie's Bargain Outlet is being highlighted as a strong growth pick by Zacks Investment Research, citing three key factors. The company's earnings per share are projected to grow 17.1% this year, far outpacing the industry average of 3.5%. Year-over-year cash flow growth stands at 19.2%, compared to the industry average of 2.3%, while its historical annualized cash flow growth rate over the past three to five years is 4.9% versus the industry's 3.3%. Additionally, upward revisions in current-year earnings estimates have pushed the Zacks Consensus Estimate up 0.9% over the past month. The stock carries a Zacks Rank of 2, or Buy, and a Growth Score of B, signaling potential outperformance.
Ross Stores Leads Discount Retailers with Strong Q1 Earnings Beat
Ross Stores posted the strongest first-quarter results among discount retailers, with revenue of $6.01 billion, up 20.6% year over year and beating analyst estimates by 6.6%. The company also exceeded expectations for next-quarter EPS guidance and EBITDA. Five Below reported revenue of $1.29 billion, up 32.5% year over year, surpassing estimates by 5.7% and raising its full-year guidance, though its stock fell 15.2%. Ollie's Bargain Outlet had the weakest performance, with revenue of $658.9 million missing estimates by 0.7% and the softest full-year guidance update. TJX posted revenue of $14.32 billion, up 9.2% year over year and beating estimates by 2.4%, while Burlington Stores reported revenue of $2.86 billion, up 14.1% year over year and exceeding estimates by 2.7%. Overall, the five discount retailers tracked beat consensus revenue estimates by 3.3% and provided next-quarter revenue guidance 2.2% above expectations, though their average share price has declined 4.5% since reporting.
MarketBeat Highlights Three Inflation-Resistant Stocks for Higher Oil Prices
MarketBeat identifies TJX Companies, Ollie's Bargain Outlet, and Casey's General Stores as inflation-resistant stocks with pricing power amid elevated oil prices. TJX, the largest off-price retailer, posted fiscal Q2 comps above 6% and targets up to $3 billion in share buybacks for 2026. Ollie's Bargain Outlet operates a debt-free, closeout model and is converting vacant Big Lots locations to drive growth. Casey's General Stores benefits from a rural moat, high-margin prepared foods, and resumed share buybacks after a pause for acquisitions.
CASY · Capital · Positive Article highlights Casey's General Stores as inflation-resistant with pricing power, rural moat, high-margin prepared foods, and resumed share buybacks.
CASY · Pricing · Positive Article highlights Casey's pricing power and high-margin prepared foods as inflation-resistant, benefiting from higher oil prices.
OLLI · Demand · Positive Article highlights Ollie's Bargain Outlet's debt-free closeout model and conversion of vacant Big Lots locations to drive growth.
OLLI · Pricing · Positive Article highlights Ollie's pricing power and debt-free closeout model as inflation-resistant, benefiting from higher oil prices.
TJX · Capital · Positive Article highlights TJX's fiscal Q2 comps above 6% and up to $3 billion in share buybacks for 2026.
TJX · Pricing · Positive Article highlights TJX's pricing power and strong comps as inflation-resistant, benefiting from higher oil prices.
Teladoc, Ollie's, and DexCom Could Benefit From GLP-1 Trend
Three non-pharmaceutical companies—Teladoc Health, Ollie's Bargain Outlet, and DexCom—are positioned to benefit from the growing GLP-1 weight-loss drug market. Teladoc's telehealth platform is seeing rapid growth in obesity management and GLP-1 prescription initiation, helping it beat first-quarter 2026 revenue expectations by about $3 million at $614 million. Discount retailer Ollie's could gain from GLP-1 patients needing new wardrobes, reporting 14% year-over-year sales growth and planning 75 new store openings this year. DexCom's continuous glucose monitoring devices are increasingly paired with GLP-1 treatments, and the company has launched over-the-counter products to reach a wider population interested in metabolic health.
Urban Outfitters, OneWater, and Ollie's Shares Fall After Fed Holds Rates and Signals Possible Reversals
Shares of Urban Outfitters, OneWater, and Ollie's fell in afternoon trading after the Federal Reserve held its benchmark rate at 3.5% to 3.75% and revised its dot plot to a median year-end rate estimate of 3.8%, up from 3.4%, signaling that rate cuts delivered in late 2025 may be partially reversed. The FOMC indicated that inflation at 4.2% has not been tamed enough to justify relief, dashing retailers' hopes that lower rates would boost consumer confidence and loosen household budgets. Rising rate expectations also raise debt refinancing costs for leveraged retailers and dampen mortgage activity, which reduces spending on housing-related goods. Urban Outfitters fell 4.1%, OneWater dropped 5.2%, and Ollie's declined 4.9%.
Ollie's Bargain Outlet shares have fallen nearly 26% over the past year, significantly underperforming discount retail peers Ross Stores, Burlington, and TJX Companies, even as the company continues to beat earnings expectations. The company reported first-quarter earnings of 91 cents per share, topping estimates by 4 cents, but revenue of roughly $659 million missed expectations by about $2.7 million. Comparable-store sales rose 1.7% and gross margin expanded 80 basis points to 41.9%, while the company opened 27 new stores and repurchased $53 million in stock. Ollie's tweaked its full-year outlook, lowering net sales guidance to a range of $2.98 billion to $3.0 billion while raising adjusted diluted earnings per share guidance to $4.45 to $4.55. Seventeen analysts hold a consensus Moderate Buy rating with an average 12-month price target of roughly $125, implying more than 40% upside from recent levels around $85.
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