Ollie's Bargain Outlet reported Q2 CY2026 revenue of $741.3 million, a 9.1% increase year over year but 1.2% below analyst estimates of $750 million, while adjusted EPS of $1.42 beat consensus by 26.5%. The company lowered its full-year revenue guidance to $2.93 billion at the midpoint, down from $2.99 billion, but raised adjusted EPS guidance to $4.61, up 2.4%. Same-store sales declined 1.8% year over year, yet the company opened 54 new stores in the first half, more than four times the prior year period, bringing total locations to 686. Management cited strong deal flow from tariffs and retail bankruptcies, along with a revamped loyalty event that boosted new member sign-ups by 60%, as key drivers of margin expansion and customer growth.
Ollie's Bargain Outlet HldgQ2 revenue of $741.3M missed estimates and full-year revenue guidance was lowered, though adjusted EPS beat by 26.5% and EPS guidance was raised.
