Ollie’s Bargain Outlet raises FY2026 adjusted EPS guidance after Q2

Ollie’s Bargain Outlet Holdings Inc (NASDAQ: OLLI ) on Wednesday reported better-than-expected second-quarter adjusted EPS results and raised its FY2026 adjusted EPS guidance.

The company posted adjusted EPS of $1.42, beating market estimates of $1.14.

The company’s sales came in at $741.305 million, missing expectations of $752.852 million.

Ollie’s now expects fiscal 2026 adjusted earnings of $4.57 to $4.65 per share.

Its prior forecast called for $4.45 to $4.55 per share.

The analyst estimate stands at $4.47 per share.

However, Ollie’s lowered its sales forecast to between $2.928 billion and $2.941 billion.

The company previously expected sales of $2.98 billion to $3 billion.

Analysts expect $2.983 billion.

The retailer now projects comparable-store sales growth of zero to 0.5%, down from about 2% previously.

It still plans to open 75 stores during the fiscal year ending Jan.

30, 2027. “We delivered strong earnings growth in the second quarter and continued to execute against our key strategic initiatives,” said Eric van der Valk, President and Chief Executive Officer.

Ollie’s Bargain Outlet shares fell 4.1% to trade at $70.82 on Thursday.

These analysts made changes to their price targets on Ollie’s Bargain Outlet following earnings announcement.

Wells Fargo analyst Edward Kelly maintained the stock with an Overweight rating and lowered the price target from $100 to $90.

RBC Capital analyst Steven Shemesh maintained the stock with an Outperform rating and raised the price target from $121 to $124.

Considering buying OLLI stock? Here’s what analysts think: Photo via Shutterstock