Ollie's Bargain Outlet lowered its fiscal 2026 net sales outlook to $2.928-$2.941 billion from $2.980-$3.000 billion while raising its adjusted earnings guidance to $4.57-$4.65 per share from $4.45-$4.55. The company now expects comparable-store sales of flat to up 0.5%, down from its prior view of about 2% growth, and lifted its gross-margin view to about 41.3% from 40.7%, with operating income projected at $345-$350 million. The reset followed second-quarter fiscal 2026 adjusted earnings of $1.42 per share, up 43.4% year over year and 24.6% above the Zacks Consensus Estimate of $1.14, while net sales rose 9.1% to $741.3 million and missed the $753 million consensus by 1.5%. Comparable-store sales fell 1.8% as average basket size declined, though gross margin expanded 360 basis points to 43.5%, with IEEPA tariff refunds contributing 380 basis points. Ollie's opened 15 stores and closed one storm-damaged location in the quarter, ending with 686 stores across 36 states, and repurchased about $84 million of stock in the quarter and $137.3 million in the first half, with planned share repurchases for the year increased to about $175 million from $125 million.
Ollie's Bargain Outlet HldgCut sales/comparable-store outlook but raised EPS and gross-margin guidance, with Q2 EPS up 43.4% and buybacks increased to ~$175M.
BJs Wholesale Club Holdings Inc