Ollie’s Q1 Sales Up 14.2% to $658.9M; Adjusted EPS Up 21.3%
OLLI•Ollie’s Bargain Outlet reported first-quarter net sales of $658.9 million, up 14.2% year over year, while adjusted EPS rose 21.3% to $0.91. The retailer opened 27 new stores, grew loyalty membership by 12.6%, repurchased $53.4 million of stock and raised its fiscal 2026 adjusted EPS outlook to $4.45–$4.55.
1. First Quarter Financial Performance
Ollie’s Bargain Outlet generated net sales of $658.9 million in Q1, a 14.2% increase from the prior year, while adjusted net income per diluted share rose 21.3% to $0.91. Gross margin expanded 80 basis points to 41.9%, and adjusted EBITDA margin improved to 13.3% of net sales.
2. Operational Highlights
The company opened 27 stores during the quarter, bringing its total to 672 across 35 states, a 15.1% year-over-year increase. Loyalty membership climbed 12.6% to 17.5 million members, and disciplined expense control kept SG&A flat at 28.6% of sales.
3. Updated Fiscal 2026 Outlook
Based on the strong start, Ollie’s raised its full-year adjusted EPS guidance to $4.45–$4.55 from $4.40–$4.50 and plans approximately 75 new store openings. The company repurchased $53.4 million of common stock in Q1, with $205.4 million remaining under its current authorization.
