Ollie's Q2 Sales Miss, Comps Fall 1.8%; FY26 Sales Outlook Cut
OLLI sits 31% above its 52-week low of $60.29.
Summary
Ollie's Q2 net sales rose 9.1% to $741.31M but missed the $754.55M consensus, while adjusted EPS of $1.42 beat the $1.14 estimate. Comparable store sales fell 1.8% due to weather, consumer pressure, and promotions. Management cut FY26 net sales guidance to $2.928B-$2.941B from $2.980B-$3.000B and lowered comp growth outlook to 0%-0.5% from ~2%, though gross margin outlook was raised to ~41.3%. The company also raised its earnings outlook on tariff refunds despite sluggish sales.
At the time of this announcement, OLLI was trading at $78.80 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $60.29 to $139.21. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.