Ollie's Q2 EPS Beats on Tariff Refunds, But Comps Fall 1.8%
OLLI sits 23% above its 52-week low of $60.29 on elevated volume (2.4× avg).
Summary
Ollie's Q2 EPS of $1.42 beat consensus, driven by one-time tariff refunds, but comparable sales declined 1.8% and full-year sales guidance was cut. The 10-Q also details $137.3M in buybacks and a new insider selling plan.
Key Events · Earnings and Guidance · OLLI
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Q2 EPS Beats on Tariff Refunds
Adjusted EPS of $1.42 beat the $1.14 consensus. Net income rose 39.4% to $85.5M, boosted by $29.4M in IEEPA tariff refunds ($28.3M in cost of sales, $1.1M in interest income).
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Comparable Sales Decline
Comparable store sales fell 1.8% in Q2 FY26 versus a 5.0% increase a year ago, driven by smaller basket size. Full-year sales guidance was trimmed.
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Gross Margin Expansion
Gross margin increased 360 bps to 43.5%, driven by lower supply chain costs from tariff refunds and lower tariff rates.
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Aggressive Buyback
Repurchased 1,649,889 shares for $137.3M in H1 FY26, with $121.5M remaining under the $700M authorization effective through March 31, 2029.
Analysis · OLLI · Trade & Services
Ollie's Q2 FY26 net income rose 39.4% to $85.5M, boosted by $29.4M in IEEPA tariff refunds that lifted gross margin 360 bps to 43.5%. But comparable store sales fell 1.8% on smaller basket size, and full-year sales guidance was trimmed. The company also repurchased $137.3M of stock in H1 and disclosed Executive Chairman John Swygert's 10b5-1 plan to sell up to 106,758 shares starting September 11, 2026.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.5% of the 1993 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OLLI was trading at $73.87 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4.5B. 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.