OLLI Q2 Earnings Beat Estimates on Tariff Refunds, Sales Miss

Ollie's Bargain Outlet reported Q2 adjusted EPS of $1.42, up 43.4% YoY and beating estimates by 24.6%, boosted by tariff refunds. However, net sales rose only 9.1% to $741.3M, missing consensus by 1.5%, with comparable-store sales declining 1.8% due to smaller baskets and consumer pressure. The company raised full-year EPS guidance to $4.57-$4.65 but lowered sales outlook, expecting flat to 0.5% comp growth.