Ollie’s Bargain Outlet Holdings, Inc. Announces Second Quarter Fiscal 2026 Results

Ollie's Bargain Outlet Holdings reported Q2 FY2026 net sales increased 9.1% to $741.3 million driven by new store openings, but comparable store sales declined 1.8% due to challenging weather, consumer economic pressure, and elevated promotional environment. The company opened 15 new stores, grew loyalty members 12.7%, and achieved 43.4% net income per diluted share growth. Gross margin expanded 360 basis points benefiting from tariff refunds. The company lowered FY2026 net sales guidance to $2.928-$2.941 billion from $2.980-$3.000 billion and updated comparable store sales growth outlook to 0-0.5% from ~2%.