Ollie’s Bargain Outlet (NASDAQ:OLLI) Posts Quarterly Earnings Results

Posted by Stacy Sanders on Jun 5th, 2026

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04, Briefing.com reports. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same quarter last year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet updated its FY 2026 guidance to 4.450-4.550 EPS.

Here are the key takeaways from Ollie’s Bargain Outlet’s conference call:

Ollie’s delivered strong Q1 results, with net sales up 14% to $659 million, comparable store sales up 1.7%, and adjusted EPS rising 21% to $0.91 on solid margin and expense performance.
Management said weather and surging fuel prices weighed on traffic and seasonal categories like lawn and garden and summer furniture, with the South underperforming while the East, Midwest, and Central regions beat plan.
The company highlighted strong deal flow and improved margins, including gross margin expansion of 80 basis points to 41.9% and the ability to reinvest in price to keep its value proposition compelling.
Ollie’s continues to expand its store base and loyalty program, opening 27 stores in Q1, staying on track for 75 openings this year, and growing Ollie’s Army membership 13% to 17.5 million.
Management nudged full-year sales guidance slightly lower but raised EPS guidance, while still targeting about 2% comps, reflecting weather pressure, higher fuel costs, and a more conservative second-quarter outlook.

Ollie’s Bargain Outlet Stock Down 6.6%

Shares of OLLI opened at $74.47 on Friday. Ollie’s Bargain Outlet has a 52-week low of $73.32 and a 52-week high of $141.74. The company has a 50-day simple moving average of $86.38 and a 200-day simple moving average of $103.00. The company has a market capitalization of $4.52 billion, a PE ratio of 18.39, a P/E/G ratio of 1.40 and a beta of 0.46.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of research reports. KeyCorp set a $140.00 price target on Ollie’s Bargain Outlet in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating for the company in a report on Monday, April 13th. UBS Group lowered their target price on shares of Ollie’s Bargain Outlet from $125.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley cut their target price on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Loop Capital reiterated a “buy” rating and set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.13.

Get Our Latest Report on Ollie’s Bargain Outlet

Insider Activity

In related news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total transaction of $319,014.00. Following the completion of the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 12,459 shares of company stock worth $1,149,218. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its position in Ollie’s Bargain Outlet by 28.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock worth $328,000 after acquiring an additional 615 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Ollie’s Bargain Outlet by 993.4% in the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after purchasing an additional 1,957 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Ollie’s Bargain Outlet by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after purchasing an additional 133,537 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Ollie’s Bargain Outlet by 12.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock worth $21,342,000 after purchasing an additional 19,837 shares during the last quarter.

More Ollie’s Bargain Outlet News

Here are the key news stories impacting Ollie’s Bargain Outlet this week:

Positive Sentiment: Ollie’s beat Q1 EPS estimates, with earnings of $0.91 per share versus $0.87 expected, while revenue rose 14% year over year and comparable sales increased 1.7%, showing continued demand and healthy operating momentum. Ollie’s Bargain Outlet Holdings, Inc. Announces First Quarter Fiscal 2026 Results
Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $4.45-$4.55, reinforcing confidence in the company’s growth and margin trajectory after the quarter. Ollie’s Bargain Outlet Holdings Inc (OLLI) Q1 2026 Earnings Call Highlights: Strong Growth Amid …
Positive Sentiment: Loop Capital reaffirmed a buy rating and set a $135 price target, suggesting substantial upside from current levels. Loop Capital rating update
Positive Sentiment: Gordon Haskett also reiterated an accumulate rating, though it trimmed its target to $90, indicating continued analyst support after the results. Gordon Haskett rating update
Neutral Sentiment: UBS lowered its price target to $87 from $125 and kept a neutral rating, reflecting caution around the stock’s near-term setup despite the earnings beat. UBS price target cut
Neutral Sentiment: Some coverage noted the stock was slipping even after the earnings beat, suggesting investors may be taking profits or focusing on valuation and broader market uncertainty. GuruFocus article

Ollie’s Bargain Outlet Company Profile

(Get 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.