Ollie’s Bargain Outlet (NASDAQ:OLLI) Issues Earnings Results, Beats Expectations By $0.04 EPS

Ollie’s Bargain Outlet (NASDAQ:OLLI) posted its quarterly earnings data on Wednesday. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04, Briefing.com reports. The business had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. 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 Up 0.6%

Shares of NASDAQ OLLI opened at $79.74 on Thursday. The firm’s fifty day moving average is $86.76 and its 200 day moving average is $103.35. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.39 and a beta of 0.46. Ollie’s Bargain Outlet has a 52 week low of $73.32 and a 52 week high of $141.74.

Trending Headlines about Ollie’s Bargain Outlet

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

• Positive Sentiment: Ollie’s reported Q1 EPS of $0.91, beating consensus estimates of $0.87, while revenue rose 14.2% year over year to $658.93 million. Article Title
• Positive Sentiment: The company raised its fiscal 2026 EPS outlook to $4.45-$4.55, reinforcing confidence in continued profitability despite a tough retail backdrop. Article Title
• Positive Sentiment: Management highlighted strong growth trends in the earnings call, including benefits from store openings, which supports the longer-term expansion story. Article Title
• Neutral Sentiment: Revenue came in slightly below consensus, but the miss was small enough to be outweighed by the earnings beat and improved guidance. Article Title

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 5,231 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total transaction of $481,722.79. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. The trade was a 9.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,459 shares of company stock worth $1,149,218. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OLLI. Balyasny Asset Management L.P. purchased a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at $136,152,000. Invesco Ltd. increased its position in Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after purchasing an additional 440,243 shares during the period. Freestone Grove Partners LP purchased a new position in Ollie’s Bargain Outlet during the 4th quarter valued at $44,168,000. Marshall Wace LLP increased its position in Ollie’s Bargain Outlet by 1,082.9% during the 3rd quarter. Marshall Wace LLP now owns 390,196 shares of the company’s stock valued at $50,101,000 after purchasing an additional 357,210 shares during the period. Finally, Wellington Management Group LLP increased its position in Ollie’s Bargain Outlet by 57.1% during the 4th quarter. Wellington Management Group LLP now owns 953,008 shares of the company’s stock valued at $104,459,000 after purchasing an additional 346,543 shares during the period.

Analyst Ratings Changes

Several equities analysts recently commented on OLLI shares. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada reduced their price objective on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. KeyCorp set a $140.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Citigroup reduced their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Piper Sandler set a $114.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Thirteen 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, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $135.21.

Ollie’s Bargain Outlet Company Profile

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.