Ollie's Set to Report Q1 Results June 3 After Wells Fargo Cuts PT to $115
OLLI•Ollie's ended fiscal 2025 with 645 stores across 34 states and will report Q1 fiscal 2026 results on June 3, 2026. Wells Fargo cut its price target to $115 on valuation and comparable sales concerns even as a Zacks Rank #2 Buy rating signals improving earnings trends.
1. Fiscal 2025 Store Expansion
Ollie's Bargain Outlet finished fiscal 2025 with 645 stores operating across 34 states, reflecting continued expansion into the closeout retail market and strong demand for discounted brand-name merchandise.
2. Pre-Earnings Analyst Sentiment
Analyst views are mixed ahead of the June 3 Q1 report, with long-term bullish outlooks tempered by concerns over comparable sales and valuation risk. Wells Fargo lowered its price target from $130 to $115 but maintained an Overweight rating, signaling potential upside if results exceed forecasts.
3. Zacks Rank Upgrade
The company holds a Zacks Rank #2 (Buy) based on improving earnings estimate trends, indicating rising optimism among analysts despite ongoing near-term headwinds.
4. Q1 Fiscal 2026 Outlook
Ollie's will release its Q1 fiscal 2026 results on June 3 before market open, with investors focused on same-store sales growth, margin performance and management guidance for the remainder of the fiscal year.
