Ollie's reported second-quarter fiscal 2026 net sales up 9.1% to $741.3 million and diluted EPS of $1.42, up from $0.99, with tariff refunds boosting gross margin. Comparable store sales fell 1.8%, and the company lowered its fiscal 2026 net sales and comparable store sales outlook while raising its EPS outlook.
Net sales rose 9.1% to $741.3 million; comparable store sales declined 1.8% against a 5.0% increase a year earlier.
Diluted EPS was $1.42 versus $0.99; IEEPA tariff refunds benefited gross margin by 380 basis points.
Fiscal 2026 net sales outlook lowered to $2.928 to $2.941 billion from $2.980 to $3.000 billion; comparable store sales growth now 0% to 0.5%.
Adjusted EPS outlook raised to $4.57 to $4.65 from $4.45 to $4.55; share repurchase outlook raised to about $175 million from about $125 million.
Ollie's Bargain Outlet reported first quarter fiscal 2026 results for the 13 weeks ended May 2, 2026, with net sales up 14.2% to $658.9 million and diluted earnings per share of $0.92, up from $0.77. The company raised its fiscal 2026 earnings per share outlook to $4.45 to $4.55 from $4.40 to $4.50, and it repurchased $53.4 million of its stock in the quarter.
Net income was $56.4 million, compared with $47.6 million a year earlier; adjusted diluted EPS was $0.91, up 21.3%.
Comparable store sales rose 1.7%, versus 2.6% in the prior-year quarter.
Fiscal 2026 adjusted net income per diluted share outlook: $4.45 to $4.55, up from $4.40 to $4.50.
The company opened 27 stores, ending the quarter with 672 stores in 35 states, and had $205.4 million left under its repurchase authorization.
Ollie's Bargain Outlet Holdings said Senior Vice President and General Merchandise Manager Kevin McLain will retire effective May 1, 2026, and Shane Thornton will take over that role on the same date. Thornton has been in the position since a March 2025 promotion and has been with the company since 2010, so the change is an internal succession under a plan the company had already put in place.
Kevin McLain, Senior Vice President, General Merchandise Manager since May 2014, retires effective May 1, 2026; the board accepted his notice on March 10, 2026.
Shane Thornton becomes Senior Vice President, General Merchandise Manager effective May 1, 2026.
Thornton was promoted to the role in March 2025 and joined the company in 2010 as a buyer.
Ollie's Bargain Outlet reported fourth-quarter and fiscal 2025 results on March 12, 2026. Q4 net sales rose 16.8% to $779.3 million and diluted EPS rose to $1.39 from $1.11, and the company gave an initial fiscal 2026 outlook calling for adjusted diluted EPS of $4.40 to $4.50 and net sales of $2.985 billion to $3.013 billion.
Q4 net sales of $779.3 million, up 16.8% from $667.1 million; comparable store sales rose 3.6%
Q4 diluted EPS of $1.39 versus $1.11 a year earlier; adjusted diluted EPS of $1.39 versus $1.19
FY2026 outlook: net sales of $2.985 billion to $3.013 billion, adjusted diluted EPS of $4.40 to $4.50, and 75 new stores
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