The company raised its FY26 gross margin forecast to 41.3%, from 40.7%, helped in part by tariff-related refunds of $28.3 million in the second quarter.
Second-quarter net sales rose 9.1% to $741.3 million year over year, but fell short of estimates of $754.6 million.
Analyst view and stock performance
Thirteen of 16 brokerages rate the stock "buy" or higher and three "hold"; median price target is $112.
As of the last close, the stock was down 34% year to date.
Shares rise after quarterly profit beat
Shares of discount store Ollie's Bargain Outlet (OLLI.O) rise 3.7% to $75 premarket.
The company posted second-quarter adjusted EPS of $1.42, beating analysts' estimates of $1.14 — data compiled by LSEG.
OLLI•
