Ollie's Bargain Outlet reported first-quarter fiscal 2026 adjusted earnings of 91 cents per share, beating the Zacks Consensus Estimate of 87 cents and rising 21.3% from a year ago. Net sales grew 14.2% to $658.9 million, missing the $666 million consensus, while comparable-store sales increased 1.7% driven by higher basket size. Gross margin expanded 80 basis points to 41.9%, and operating income climbed 23.8% to $69.6 million. Management raised its full-year adjusted earnings outlook to a range of $4.45 to $4.55 per share from the prior $4.40 to $4.50, and now expects gross margin of approximately 40.7%. The company opened 27 new stores during the quarter, ending with 672 locations, and plans to open 75 new stores in fiscal 2026.
Ollie's Bargain Outlet HldgQ1 earnings beat estimates and fiscal 2026 EPS outlook raised
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