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Ollie’s Bargain Outlet Posts Strong Q4 and Sets 2026 Expansion Plan

Management issued 2026 targets emphasizing new units, loyalty initiatives, margin discipline, shareholder returns.

Overview

  • Fourth-quarter results showed net sales up 17% to $779 million, comparable sales up 3.6%, and adjusted EPS of $1.39, with late-quarter storms pressuring traffic.
  • Guidance for fiscal 2026 calls for about 75 new stores, net sales of $2.985–$3.013 billion, roughly 2% comp growth, and adjusted EPS of $4.40–$4.50.
  • Ollie’s opened a record 86 stores in fiscal 2025 using a soft-opening playbook that pulled openings into the first three quarters and flattened early sales trends that management is evaluating.
  • Loyalty efforts expanded the Ollie’s Army base to roughly 17 million members with new memberships up 23% as member-only events, early deal alerts, and a private-label credit card drove acquisition.
  • Financial plans include $103–$113 million in 2026 capex for distribution centers in Texas and Illinois, cash and investments of $563 million with minimal long-term debt, a goal to return about half of free cash flow with a conservative $100 million buyback assumption, and a Truist price target cut to $135 with a maintained Buy rating as shares rose 4.2% Friday.