OLLI news

Ollie's Bargain Outlet announced a new $500 million share repurchase authorization, bringing total repurchase capacity to $561 million. This move underscores management's confidence in the company's financial strength and long-term growth opportunities.

Ollie's Bargain Outlet reported a 9.1% increase in net sales and 43.4% growth in net income for the second quarter, as the retailer struggled with a challenging retail environment and comparable store sales, but mitigated the slump with lower tariff costs and new store expansion.

Ollie's reported 14% net sales growth and 19% EPS growth in Q1 FY2026, exceeding expectations with margin expansion and strong comparable store sales. The company raised fiscal 2026 earnings guidance, opened 27 stores, and returned $53 million to shareholders via buybacks.