Recent Updates — OLLI
Ollie's Bargain Outlet Holdings reported second quarter fiscal 2026 results with net sales increasing 9.1% to $741.3 million and adjusted net income per diluted share rising 43.4% to $1.42. Comparable store sales declined 1.8%, driven by lower average basket size, while gross margin expanded 360 basis points to 43.5% due to IEEPA tariff refunds. The company opened 15 new stores, ending the quarter with 686 locations, and invested $84 million in share repurchases. Ollie's updated its full-year fiscal 2026 net sales outlook downward to $2.928–$2.941 billion from a previous range of $2.980–$3.000 billion, citing challenging consumer conditions and an elevated promotional environment. The company operates as an off-price retailer of brand-name household products.