Ollie's Q2 EPS Jumps 43.4% as Analysts Split on Tariff-Fueled Margin

Insider Monkey·22 Sep 2026·

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Earnings Analyst Corporate Action Broadline Retail

OLLI ±

Summary · why it matters

Ollie's Bargain Outlet Holdings reported second-quarter results for the period ended August 1, 2026, with adjusted earnings per share jumping 43.4% to $1.42 while comparable store sales fell 1.8% and net sales rose 9.1% to $741.3 million on new store growth. Management cut its full-year comparable sales outlook to flat-to-0.5% growth and guided net sales to $2.928 billion to $2.941 billion. Among the seven analysts who weighed in, two firms raised their price targets while five cut them, though none turned outright bearish; RBC Capital raised its target to $124 from $121, Truist went to $85 from $80, and Craig-Hallum trimmed to $120 from $130, while Morgan Stanley's Simeon Gutman cut to $98 from $108, BofA to $105 from $115, Piper Sandler's Peter Keith to $100 from $113, and Citi to $98 from $100. Gross margin rose 360 basis points to 43.5%, with 380 basis points of that increase coming from IEEPA tariff refunds worth roughly $0.35 a share, a benefit management is already redeploying into about $15 million of price investment, and CFO Robert Helm flagged rising fuel costs as a 20 to 30 basis point headwind. The company opened 15 new stores in the quarter, bringing the total to 686 across 36 states, up 11.9% year-over-year, while Ollie's Army membership grew 12.7% to 18.1 million, and it ended the quarter with $507.1 million in cash and no meaningful long-term debt, bought back $84 million of stock, and raised its full-year repurchase target to roughly $175 million. Point72 Asset Management raised its stake 45% to 1.51 million shares worth $116.2 million as of the second quarter of 2026, Hood River Capital Management trimmed its position 16% to 742,353 shares worth $57.1 million, Citadel Investment Group cut 11% to 443,728 shares worth $34.1 million, and ExodusPoint Capital took a new position of 346,871 shares worth $26.7 million, with overall hedge fund ownership ticking up to 38 funds from 36 and short interest at 15.00% of float.

Ollie's Bargain Outlet Hldg ±