Ollie's Bargain Outlet (NASDAQ:OLLI) Updates FY 2026 Earnings Guidance

Key Points

• Ollie’s raised or maintained FY 2026 EPS guidance at $4.57–$4.65, above the analyst consensus of $4.52, but projected revenue of approximately $2.9 billion falls below the $3.0 billion consensus.
• The company reported quarterly EPS of $1.42, beating estimates of $1.12 and rising from $0.99 a year earlier. Revenue increased 9.1% year over year, while Ollie’s opened 15 stores and expanded its loyalty membership by 12.7%.
• Shares rose 2.1% to $73.87 after the update, while analysts maintained a “Moderate Buy” consensus with an average price target of $107.29; several firms nevertheless lowered their individual targets.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.570-4.650 for the period, compared to the consensus estimate of 4.520. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $3.0 billion.

Ollie's Bargain Outlet Trading Up 2.1%

OLLI traded up $1.53 on Wednesday, hitting $73.87. 4,831,507 shares of the company's stock were exchanged, compared to its average volume of 1,621,962. Ollie's Bargain Outlet has a fifty-two week low of $60.29 and a fifty-two week high of $139.21. The firm has a 50-day moving average price of $72.24 and a 200-day moving average price of $84.76. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 1.33 and a beta of 0.50.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.30. Ollie's Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. Ollie's Bargain Outlet's revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, equities analysts predict that Ollie's Bargain Outlet will post 4.44 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group reduced their price objective on Ollie's Bargain Outlet from $87.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, August 27th. Piper Sandler cut their target price on Ollie's Bargain Outlet from $114.00 to $113.00 and set an "overweight" rating for the company in a research note on Tuesday, August 18th. Loop Capital reissued a "buy" rating and set a $135.00 price target on shares of Ollie's Bargain Outlet in a research report on Thursday, June 4th. Gordon Haskett reissued an "accumulate" rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie's Bargain Outlet in a report on Thursday, June 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $121.00 price objective on shares of Ollie's Bargain Outlet in a research report on Tuesday, August 25th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $107.29.

Key Ollie's Bargain Outlet News

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

• Positive Sentiment: Ollie’s reported adjusted earnings of $1.42 per share, well above Wall Street estimates ranging from $1.12 to $1.14 and up from $0.99 a year earlier. The 43% year-over-year increase suggests stronger profitability than expected. Ollie's Bargain Outlet Q2 Earnings Top Estimates
• Positive Sentiment: Net sales increased 9.1% from the prior-year quarter. Ollie’s also opened 15 stores and grew its Ollie’s Army loyalty membership by 12.7%, supporting the company’s long-term store expansion and customer-retention strategy. Ollie's Second Quarter Fiscal 2026 Results
• Positive Sentiment: The earnings outperformance indicates that closeout merchandise strength, cost control, or favorable margins helped offset some pressure from cautious consumer spending and higher operating costs. Ollie's Q2 Earnings Call Transcript
• Neutral Sentiment: The broader market was also trading mostly higher, providing a supportive backdrop, but the company-specific earnings beat appears to be the primary catalyst for OLLI’s move. Dow Surges; Ollie's Shares Gain After Q2 Earnings
• Negative Sentiment: Revenue fell short of Wall Street expectations, and Ollie’s trimmed its fiscal 2026 sales outlook. The guidance reduction signals that management remains cautious about demand and could temper investor enthusiasm despite the earnings beat. Ollie's Beats on Earnings, Trims Sales Forecast

Institutional Trading of Ollie's Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of OLLI. Allworth Financial LP boosted its stake in Ollie's Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company's stock worth $28,000 after buying an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ollie's Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company's stock valued at $31,000 after buying an additional 92 shares during the period. Quarry LP acquired a new position in Ollie's Bargain Outlet during the 3rd quarter worth about $55,000. Johnson Financial Group Inc. purchased a new position in Ollie's Bargain Outlet during the 3rd quarter valued at about $62,000. Finally, Danske Bank A S purchased a new position in Ollie's Bargain Outlet during the 3rd quarter valued at about $64,000.

About Ollie's Bargain Outlet

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.

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