OLLI earnings analysis
What we found in OLLI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS beat consensus
- Diluted EPS was $1.42, exceeding the $1.16 consensus estimate by 22.4%.
- Positive operating profit and cash flow
- Operating margin was 11.3% and free cash flow was $54 million for the quarter.
- 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.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.42
- Gross margin
- 39.9%
- Operating margin
- 11.3%
What they said about what is next.
The filing does not provide explicit numeric revenue or EPS guidance, nor a change to prior outlook.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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