GlobeNewswire·Jun 3, 2026, 7:00 AM ET

Ollie's Bargain Outlet Holdings, Inc. Announces First Quarter Fiscal 2026 Results

Ollie's Bargain Outlet Holdings, Inc. reported first quarter 2026 net sales of $658.9 million, a 14.2% increase year-over-year.
Net income rose 18.6% to $56.4 million, while diluted earnings per share increased to $0.92 from $0.77.
Adjusted net income per diluted share grew 21.3% to $0.91, with adjusted net income reaching $55.9 million.
The company opened 27 new stores during the quarter, bringing the total store count to 672 across 35 states.
Comparable store sales increased 1.7%, driven primarily by an increase in basket size.
Gross margin expanded 80 basis points to 41.9% due to lower supply chain costs & a modest rise in merchandise margin.
SG&A expenses remained flat at 28.6% of net sales, while pre-opening expenses decreased 3.2% to $6.4 million.
Ollie's Army loyalty membership grew 12.6% to 17.5 million members.
Total cash & investments increased 26.7% to $525.6 million, including $197.7 million in cash & cash equivalents.
Share repurchases totaled $53.4 million for 542,486 shares, with $205.4 million remaining under the current authorization.
The company raised its fiscal 2026 adjusted net income per diluted share outlook to a range of $4.45 to $4.55.
Fiscal 2026 net sales guidance was updated to $2.980 to $3.000 billion, while store opening guidance remains at 75.
A conference call to discuss these results is scheduled for June 3, 2026, at 8:30 a.m. Eastern Time.