Ollie’s Bargain Outlet Q2 Fiscal 2026 Earnings: Revenue Misses $741.3 Million Estimate
Ollie’s Bargain Outlet (OLLI) reported Q2 fiscal 2026 revenue of $741.3M, missing estimates but up 9.1% YoY. EPS beat at $1.42, up 43.4% YoY. Comparable-store sales fell 1.8%. Full-year sales guidance lowered, but EPS raised. Shares rose in premarket trading.
How this was made

The 30-second read
Why it matters
The earnings beat and guidance raise are likely to attract buying pressure, especially given the share repurchase activity, but the revenue miss and declining same‑store sales could temper enthusiasm.
Market read
The report provides fresh, material data for OLLI, a mid‑cap off‑price retailer, offering a clear short‑term trading catalyst.
What to watch
Tariff refunds boosted margins; without them, profitability may be less robust.
Background
Ollie's Bargain Outlet (NASDAQ: OLLI) reported Q2 FY2026 results, highlighting strong earnings growth, margin expansion, and an upgraded FY EPS outlook, while revenue fell short of estimates and comparable‑store sales declined.
Ticker impact
Q2 fiscal 2026 earnings beat EPS estimate but missed revenue, with raised full-year adjusted EPS guidance and a $84M share repurchase.
Potential 3‑5% upside in the next trading session as investors digest the beat and guidance raise.
EPS beat, margin expansion, and higher FY EPS guidance are fresh, material facts that typically move the stock immediately.
Market effects
Off‑price retail peers may see pressure as OLLI's guidance raise expectations for the segment.
U.S. consumer discretionary sentiment could improve modestly.
Limited to U.S. retail sector; no broader macro impact.
Counterpoint
Despite the EPS beat, revenue miss and declining comparable‑store sales could signal underlying demand weakness.
Key entities
- ExecutiveEric van der Valk
President and CEO of Ollie's, provided commentary on results.


