Ollie's Q2 EPS Beats, But Comps Fall 1.8% and Sales Guidance Cut
OLLI sits 25% above its 52-week low of $60.29.
Summary
Ollie's Q2 adjusted EPS of $1.42 beat expectations, but comparable sales fell 1.8% and full-year sales guidance was trimmed. The company raised EPS guidance and boosted its buyback to ~$175M.
Key Events · Earnings and Guidance · OLLI
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Q2 EPS Beats, Comps Decline
Adjusted EPS of $1.42 rose 43.4% YoY, but comparable store sales fell 1.8% against a 5.0% increase last year.
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Gross Margin Expansion
Gross margin increased 360 bps to 43.5%, driven by IEEPA tariff refunds that benefited margin by 380 bps.
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Sales Guidance Cut
Full-year net sales outlook lowered to $2.928-$2.941B from $2.980-$3.000B, with comp growth now expected at 0%-0.5% vs ~2%.
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EPS Guidance Raised
Adjusted EPS guidance increased to $4.57-$4.65 from $4.45-$4.55, reflecting margin strength and lower share count.
Analysis · OLLI · Trade & Services
A strong bottom-line beat highlighted the quarter, with adjusted EPS of $1.42, up 43.4% year-over-year, driven by a 360 basis point gross margin expansion to 43.5% — largely from IEEPA tariff refunds. However, comparable store sales declined 1.8% against a 5.0% increase last year, and management cut full-year net sales guidance to $2.928-$2.941 billion from $2.980-$3.000 billion, citing weather, consumer pressure, and a promotional environment. The company raised adjusted EPS guidance to $4.57-$4.65 and increased its share repurchase plan to ~$175 million, signaling confidence in profitability despite softer top-line trends.
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At the time of this filing, OLLI was trading at $75.34 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 filing was assessed with neutral market sentiment and an importance score of 7 out of 10.