10-Q · June 3, 2026
Ollie's Bargain Outlet reported Q1 2026 earnings with net sales of $658.9 million, reflecting a 14.2% increase from $576.8 million in Q1 2025. EPS rose to $0.91, surpassing the expectation of $0.88, indicating strong…
Earnings analysis · 10-Q
OLLI earnings analysis
Filed September 2, 2026 · Our reading of the company's report
The latest report
Ollie’s delivered a mixed quarter: diluted EPS of $1.42 beat the $1.16 consensus estimate, while revenue of $741.305 million was approximately 4.0% below the $772.083 million estimate. Operating margin was 11.3% and…
Read full summary
Ollie’s delivered a mixed quarter: diluted EPS of $1.42 beat the $1.16 consensus estimate, while revenue of $741.305 million was approximately 4.0% below the $772.083 million estimate. Operating margin was 11.3% and free cash flow was $54 million, but gross margin was 39.9%, indicating profitability and merchandise-margin pressure. The filing provides no numeric guidance and reports no material changes to previously disclosed risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.42
What stood out
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EPS beat consensus
Diluted EPS was $1.42, exceeding the $1.16 consensus estimate by 22.4%.
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Positive operating profit and cash flow
Operating margin was 11.3% and free cash flow was $54 million for the quarter.
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Meaningful share repurchases
The company repurchased 1,107,403 shares during the thirteen weeks ended August 1, 2026, at an average price of approximately $72.80 per share.
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Buyback authorization remains
Approximately $121.5 million remained available under the $700.0 million share repurchase authorization as of August 1, 2026, which remains effective through March 31, 2029.
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No variable-rate debt outstanding
As of August 1, 2026, the company had no outstanding variable-rate debt under its revolving credit facility, limiting near-term exposure to higher interest rates.
What to watch
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Revenue missed expectations
Revenue of $741.305 million was approximately 4.0% below the $772.083 million consensus estimate, indicating sales execution or demand risk despite the EPS beat.
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Gross-margin pressure
Gross margin was 39.9%, down from 41.9% in the prior comparable period in the supplied quarterly history, creating pressure on earnings conversion.
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Future inflation exposure
The company states that inflation effects have been immaterial historically but cannot assure that future inflation will not materially affect results; no quantitative inflation impact was provided.
Management's outlook
The filing does not provide explicit numeric revenue or EPS guidance, nor a change to prior outlook.
Earlier filings 4
10-K · March 19, 2026
Ollie’s describes a scalable, low-cost off-price retail model that leverages an opportunistic closeout buying strategy and a treasure-hunt in-store experience to drive growth. The company grew its store base to 645…
10-Q · June 5, 2024
Ollie’s reported Q1 net sales of $508,818,000, up 10.8% year-over-year, with gross profit rising to $209,358,000 and gross margin expanding to ~41.1% from ~38.9%. Operating income improved to $56,497,000 (11.1% margin)…
10-K · March 27, 2024
Ollie’s 2023 10-K emphasizes a store-led growth strategy built on a differentiated “Good Stuff Cheap” treasure-hunt format, a large loyalty base (14.0 million Ollie’s Army members) and scale-driven merchandising…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.