Ollie's Bargain Outlet Fiscal Q2 Adjusted Earnings, Net Sales Rise; Updates Fiscal 2026 Outlook

07:22 AM EDT, 09/02/2026 (MT Newswires) -- Ollie's Bargain Outlet (OLLI) reported fiscal Q2 adjusted net income Wednesday of $1.42 per diluted share, up from $0.99 a year earlier. Analysts polled by FactSet expected $1.12. Net sales for the quarter ended Aug. 1 were $741.3 million, up from $679.6 million a year earlier. Analysts expected $747.7 million. For fiscal 2026, the company now expects adjusted EPS of $4.57 to $4.65, compared with its prior guidance of $4.45 to $4.55. Analysts are looking for $4.42. Ollie's said it now expects net sales of $2.93 billion to $2.94 billion, compared with its previous outlook of $2.98 billion to $3 billion. Analysts are looking for $2.96 billion. The company also said it now expects fiscal 2026 comparable sales growth of 0% to 0.5%, compared with its earlier expectation of about 2% growth. Shares of the company were up 2.3% in recent Wednesday premarket activity.