Ollie's Q2 sales rise 9%, trims 2026 outlook

Ollie’s now expects fiscal 2026 net sales of $2.928–$2.941B and comparable-store growth of 0–0.5%, down from prior targets.

Rhea-AI Filing Summary

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) reported second quarter fiscal 2026 net sales of $741.3 million, up 9.1% from $679.6 million a year earlier. Comparable store sales declined 1.8%. Net income rose to $85.5 million, with diluted EPS of $1.42 versus $0.99.

Profitability improved meaningfully: gross margin expanded to 43.5% from 39.9%, and Adjusted EBITDA increased to $127.1 million (17.1% of sales) from $93.8 million (13.8%). The company opened 15 new stores, ending the quarter with 686 stores and year-over-year store growth of 11.9%.

For fiscal 2026, OLLI now expects net sales of $2.928–$2.941 billion, down from $2.980–$3.000 billion, and comparable store sales growth of 0–0.5% versus prior ~2%. Despite the lower sales outlook, guidance for gross margin, operating income, adjusted EPS and share repurchases is higher, supported by $28.3 million in IEEPA tariff refunds and planned pricing investments.

Positive

• Net sales grew 9.1% year over year in Q2 2026 to $741.3 million, showing continued top-line expansion despite a negative comparable-store sales figure.
• Diluted EPS increased 43.4% year over year in Q2 2026 to $1.42, reflecting stronger profitability.
• Adjusted EBITDA rose to $127.1 million, or 17.1% of net sales, up from $93.8 million and a 13.8% margin a year earlier.
• Gross margin guidance increased for fiscal 2026 to ~41.3% from ~40.7%, indicating expectations for sustained margin improvement.
• Adjusted EPS guidance was raised to $4.57–$4.65 from $4.45–$4.55, despite a lower sales outlook.
• Share repurchase outlook increased to about $175 million from about $125 million for fiscal 2026.
• Total cash and investments reached $507.1 million at quarter end, up from $460.3 million a year earlier, providing financial flexibility.

Negative

• Comparable store sales declined 1.8% in Q2 2026, compared with a 5.0% increase in the prior-year quarter.
• Fiscal 2026 net sales outlook was reduced to $2.928–$2.941 billion from $2.980–$3.000 billion, and comparable store sales growth guidance was lowered to 0–0.5% from about 2%.

Filing Explained

At August 1, 2026, total cash and investments were $507,094 thousand, including $120,765 thousand in cash, after quarterly repurchases.

Form 8-K is used to report specified material events within four business days; here, Ollie’s Bargain Outlet Holdings, Inc. furnished its financial results for the quarter ended August 1, 2026.

The filing reports that quarter as completed and records $83,964 thousand of share repurchases, an executed use of capital during the period rather than a merely prospective authorization.

At August 1, 2026, the balance sheet separately reported $120,765 thousand of cash and cash equivalents, $66,737 thousand of short-term investments, and $319,592 thousand of long-term investments. The reported $507,094 thousand total cash-and-investments figure is therefore not a cash-only balance.

The cash-flow statement reported $83,937 thousand used in financing activities for the thirteen weeks, alongside the separately reported repurchases.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net sales Q2 2026: $741.3 million Comparable store sales change Q2 2026: -1.8% Net income Q2 2026: $85.5 million +5 more

8 metrics

Net sales Q2 2026 $741.3 million Thirteen weeks ended August 1, 2026; up 9.1% year over year

Comparable store sales change Q2 2026 -1.8% Thirteen weeks ended August 1, 2026; versus +5.0% in prior-year quarter

Net income Q2 2026 $85.5 million Thirteen weeks ended August 1, 2026; up from $61.3 million a year earlier

Diluted EPS Q2 2026 $1.42 Thirteen weeks ended August 1, 2026; $0.99 in prior-year quarter

Adjusted EBITDA Q2 2026 $127.1 million Thirteen weeks ended August 1, 2026; 17.1% of net sales vs 13.8% a year earlier

Fiscal 2026 net sales outlook $2.928–$2.941 billion Updated from $2.980–$3.000 billion for year ending January 30, 2027

IEEPA tariff refunds $28.3 million Refunds received in Q2 2026, included in current fiscal 2026 outlook

Store count 686 stores Number of stores at end of Q2 2026; 11.9% year-over-year growth

Key Terms

Comparable store sales, Adjusted EBITDA, IEEPA tariff refunds, Non-GAAP, +1 more

5 terms

Comparable store sales financial

"Comparable store sales declined 1.8% against a challenging multi-year stack"

Comparable store sales measure the change in revenue generated by stores that have been open for a certain period, typically at least one year. It helps assess how well a business is growing by showing whether existing stores are attracting more customers and sales, rather than just counting new store openings. Investors use this figure to gauge the true health and performance of a company's core operations over time.

Adjusted EBITDA financial

"Adjusted EBITDA $127,095; % of net sales 17.1%"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

IEEPA tariff refunds regulatory

"outlook now includes IEEPA tariff refunds of $28.3 million received"

Refunds under the International Emergency Economic Powers Act (IEEPA) are repayments of import duties, fees, or penalties that were charged because of trade restrictions or sanctions put in place under emergency authority and later reversed, modified, or found inapplicable. For investors, these refunds can change a company’s past cash outflows and future cost structure—similar to getting a billed charge returned after a rule change—affecting reported earnings or cash available for other uses.

Non-GAAP financial

"results are reported on a GAAP and as adjusted, non-GAAP basis"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

Treasury - common stock financial

"Treasury - common stock (618,931) in stockholders’ equity"

Earnings Snapshot

Net sales: $741.3 million · Guidance included

Quarter ended August 1, 2026

Net sales $741.3 million Up 9.1% from $679.6 million in Q2 2025

Comparable store sales -1.8% Down from +5.0% in Q2 2025

Net income $85.5 million Up from $61.3 million in Q2 2025

Diluted EPS $1.42 Up from $0.99 in Q2 2025

Adjusted EBITDA $127.1 million Up from $93.8 million in Q2 2025; margin 17.1% vs 13.8%

Fiscal 2026 net sales outlook $2.928–$2.941 billion Reduced from $2.980–$3.000 billion

Fiscal 2026 adjusted EPS outlook $4.57–$4.65 Increased from $4.45–$4.55

Guidance

For fiscal 2026, the company guides to net sales of $2.928–$2.941 billion, comparable store sales growth of 0–0.5%, gross margin of about 41.3%, operating income of $345–$350 million, adjusted net income of $275–$279 million, adjusted EPS of $4.57–$4.65, and about $175 million of share repurchases.

FAQ

How did OLLI perform financially in Q2 2026?

OLLI reported net sales of $741.3 million, up 9.1% year over year, and net income of $85.5 million. Diluted EPS was $1.42 versus $0.99 a year earlier, and Adjusted EBITDA increased to $127.1 million, or 17.1% of net sales.

What were OLLI’s Q2 2026 comparable store sales trends?

For Q2 2026, OLLI’s comparable store sales declined 1.8%, compared with a 5.0% increase in the prior-year quarter. Management cited less favorable weather, continued economic pressure on consumers, and an elevated promotional environment as headwinds.

What is OLLI’s updated net sales and EPS outlook for fiscal 2026?

For fiscal 2026, OLLI now expects net sales of $2.928–$2.941 billion, down from $2.980–$3.000 billion previously, and adjusted EPS of $4.57–$4.65, raised from $4.45–$4.55. Comparable store sales growth is guided to 0–0.5%.

How many stores does OLLI operate and how fast is it growing?

As of August 1, 2026, OLLI operated 686 stores in 36 states. The company opened 15 new stores in Q2 2026 and achieved 11.9% year-over-year store growth. The fiscal 2026 outlook still calls for 75 new store openings.

What is the status of OLLI’s cash, investments, and share repurchases?

At quarter end, OLLI held $507.1 million in total cash and investments. In Q2 2026, it repurchased $84.0 million of shares and now expects about $175 million of share repurchases for fiscal 2026, up from a prior outlook of about $125 million.

How did OLLI’s margins change in Q2 2026?

Q2 2026 gross margin improved to 43.5% from 39.9% a year earlier. Operating margin increased to 14.6% from 11.3%. For fiscal 2026, OLLI now projects a gross margin of about 41.3%, higher than its previous outlook of about 40.7%.

What are IEEPA tariff refunds and how do they affect OLLI?

In fiscal 2026, OLLI’s outlook now includes $28.3 million of IEEPA tariff refunds received in Q2. The company states it intends to reinvest these refunds in pricing actions to further strengthen its competitive position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false000163930000016393002026-09-022026-09-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report: September 2, 2026

(Date of earliest event reported)

Ollie's Bargain Outlet Holdings, Inc.

 (Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-37501		80-0848819
(Commission File Number)		(IRS Employer Identification No.)
6295 Allentown Boulevard
Suite 1
Harrisburg, Pennsylvania		17112
(Address of principal executive offices)		(Zip Code)

(717) 657-2300

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of each exchange on which registered
Common Stock, $0.001 par value	OLLI	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐.

Item 2.02 Results of Operations and Financial Condition.

On September 2, 2026, Ollie’s Bargain Outlet Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended August 1, 2026. A copy of the press release is furnished as Exhibit 99.1 to this current report and is incorporated by reference herein.

The information furnished in this Item 2.02 of on this Form 8-K, including the exhibit attached, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.  The following exhibits are filed with this report:

Exhibit No.		Description
99.1		Press Release issued on September 2, 2026 of Ollie’s Bargain Outlet Holdings, Inc.
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	OLLIE’S BARGAIN OUTLET HOLDINGS, INC.
	By:	/s/ Robert Helm
		Name: Robert Helm
		Title:   Executive Vice President and Chief Financial Officer
Date: September 2, 2026

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release issued on September 2, 2026 of Ollie’s Bargain Outlet Holdings, Inc.
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

Exhibit 99.1

Ollie’s Bargain Outlet Holdings, Inc. Announces

Second Quarter Fiscal 2026 Results

Net Sales Increased 9.1%

Opened 15 New Stores and Grew Ollie’s Army 12.7%

Updating Outlook for Fiscal 2026

HARRISBURG, PA – September 2, 2026 – Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced financial results for the second quarter ended August 1, 2026.

“We delivered strong earnings growth in the second quarter and continued to execute against our key strategic initiatives,” said Eric van der Valk, President and Chief Executive Officer. “Comparable store sales declined 1.8% against a challenging multi-year stack. We believe our sales results were negatively impacted by the combination of less favorable weather, continued economic pressure on the consumer, and an elevated promotional environment, which all led to a more challenging backdrop than we originally expected.”

Mr. van der Valk continued, “Consumers continue to seek value and many of the same pressures affecting our customers are creating buying opportunities across the closeout market. We continue to see strong deal flow and remain committed to reinvesting in price and strengthening our competitive position. With a flexible business model, deep vendor relationships, growing scale, and a talented team, we believe Ollie's is well positioned to deliver long-term profitable growth through any retail environment.”

		Thirteen weeks ended
		August 1,				August 2,
Dollars in thousands, except per share data		2026				2025
Net sales		$	741,305			$	679,556
Yr/yr change			9.1	%			17.5	%
Comparable store sales change (1)			(1.8	%)			5.0	%
Net income		$	85,454			$	61,310
Net income per diluted share		$	1.42			$	0.99
Adjusted net income per diluted share		$	1.42			$	0.99
Yr/yr change			43.4	%			26.9	%
Adjusted EBITDA		$	127,095			$	93,786
% of net sales			17.1	%			13.8	%
Store openings (2)			15				29
Store growth, yr/yr change			11.9	%			16.8	%

⁽¹⁾ Calculated based on the comparable number of weeks from the prior year.

⁽²⁾ Gross number that does not include any store closures in the period.

Second Quarter 2026 Highlights and Year-Over-Year Comparisons

• Opened 15 new stores and closed one store related to storm damage, ending the quarter with 686 stores in 36 states, an increase of 11.9%.

• Ollie’s Army loyalty members increased 12.7% to 18.1 million members.

• Net sales increased 9.1% to $741.3 million, driven by new store unit growth.

• Comparable store sales decreased 1.8%, against a 5.0% increase in last year’s second quarter, with this year’s decrease driven by a decrease in average basket size.

• Gross margin increased 360 basis points to 43.5%. The increase was driven by lower supply chain costs, primarily from IEEPA tariff refunds and lower tariff rates. IEEPA tariff refunds benefited gross margin by 380 basis points in this year’s second quarter.

• Selling, general, and administrative (“SG&A”) expenses as a percentage of net sales increased 80 basis points to 26.6%, with the increase primarily driven by the deleverage of fixed costs from the decline in comparable store sales and higher marketing expenses primarily from one additional merchandise flyer in the second quarter.

• Pre-opening expenses decreased 42.0% to $5.2 million, driven primarily by a lower number of new store openings and lower dark rent expense.

• Adjusted net income increased 40.3% to $85.4 million and adjusted net income per diluted share increased 43.4% to $1.42.

• Total cash and investments increased $46.8 million, to $507.1 million. This included cash and cash equivalents of $120.8 million, short-term investments of $66.7 million, and long-term investments of $319.6 million.

• The Company invested $84.0 million of cash to repurchase 1.107 million shares of its common stock in the second quarter. In the first half of the year, the Company repurchased $137.3 million, or 1.6 million shares, of its common stock. At the end of the second quarter, $121.5 million remained available for future share repurchases under the current share repurchase authorization.

2 Page

Outlook

The Company is updating its financial outlook figures for the fiscal year 2026 ending January 30, 2027. The Company is updating its net sales outlook to better align with recent sales trends and the current environment for the balance of the fiscal year. In addition, the Company’s current outlook now includes IEEPA tariff refunds of $28.3 million received in the second quarter, of which the Company intends to reinvest in pricing actions to further strengthen its competitive position. A table comparing the current outlook metrics to the previous outlook metrics is below.

	Current		Previous
New store openings(1)	75		75
Net sales	$2.928 to $2.941 billion		$2.980 to $3.000 billion
Comparable store sales growth	0% to 0.5%		~2%
Gross margin	~41.3%		~40.7%
Operating income	$345 to $350 million		$340 to $348 million
Adjusted net income (2)(3)	$275 to $279 million		$271 to $277 million
Adjusted net income per diluted share(2)(3)	$4.57 to $4.65		$4.45 to $4.55
Annual effective tax rate(3)	~25%		~25%
Diluted weighted average shares outstanding	~60.0 million		~60.9 million
Capital expenditures	$103 to $113 million		$103 to $113 million
Share repurchases	~$175 million		~$125 million

⁽¹⁾ New store openings is a gross number that does not include two store closures related to storm damage.

⁽²⁾ Includes interest income of approximately $22 million.

⁽³⁾ Excludes the excess tax benefits related to stock-based compensation, as the Company cannot predict such estimates without unreasonable effort.

Conference Call Information

A conference call to discuss second quarter 2026 financial results is scheduled for today, September 2, 2026, at 8:30 a.m. Eastern Time. To access the live conference call, please preregister here. Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company’s website at https://investors.ollies.com. A replay of the conference call webcast will be available on the investor relations website for one year.

About Ollie’s

Ollie’s is a leading off-price retailer of brand-name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below traditional retailers. As of August 1, 2026, we operated 686 stores in 36 states and growing! For more information, visit www.ollies.com.

Non-GAAP Reconciliation

The Company’s results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income (loss), Adjusted net income (loss) per diluted share, EBITDA, and Adjusted EBITDA are non-GAAP measures, and are not intended to replace GAAP financial information, and may be different from non-GAAP measures reported by other companies. The Company believes the income and expense items excluded as non-GAAP adjustments are not reflective of the performance of its core business, and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business.

3 Page

Please refer to the “Reconciliation of GAAP to Non-GAAP Financial Measures” table included in this press release, which sets forth the non-GAAP operating adjustments for the 13-week and 26-week periods ended August 1, 2026 and August 2, 2025.

Forward-Looking Statements

This press release contains certain forward-looking statements, which includes but is not limited to statements regarding industry trends, value creation, customer trends, new stores, distribution centers, and various financial outlook figures, including new store openings, net sales, comparable store sales, gross margin, SG&A, operating income, net income, adjusted net income, adjusted net income per diluted share, effective tax rate, diluted weighted average shares outstanding and capital expenditures. All forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, are subject to the finalization of the Company’s quarterly financial and accounting procedures, and may be affected by certain risks and uncertainties, any one, or a combination, of which could materially affect the results of the Company’s operations. Forward-looking statements are usually identified by or are associated with such words as “could”, “may”, “might”, “will,” “likely”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “expects”, “continues”, “projects”, “forecasts”, and similar terminology. Actual results could vary materially from the expectations reflected in these statements. As with any business, all phases of our operations are subject to factors outside of our control. These factors include, without limitation, the impact of the recent tariff announcements and the corresponding macroeconomic pressures and those factors discussed in the “Risk Factors” section of the Company’s Annual Reports or Form 10-K and other filings with the Securities and Exchange Commission. Forward-looking statements made by or on behalf of the Company are based on knowledge of its business and the environment in which it operates, but because of the factors listed above, actual results could differ materially from those reflected by any forward-looking statements. Consequently, all of the forward-looking statements made are qualified by these cautionary statements and those contained in the Company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. There can be no assurance that the results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business and operations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.

Investor Contact

John Rouleau

Managing Director, Corporate Communication & Business Development

JRouleau@ollies.us 

Media Contact

Tom Kuypers

Senior Vice President, Marketing

tkuypers@ollies.us

4 Page

Ollie’s Bargain Outlet Holdings, Inc.

Condensed Consolidated Statements of Income (unaudited)

(In thousands except for per share amounts)

		Thirteen weeks ended								Twenty-six weeks ended
		August 1,				August 2,				August 1,				August 2,
		2026				2025				2026				2025
Net sales		$	741,305			$	679,556			$	1,400,233			$	1,256,323
Cost of sales			419,140				408,218				802,104				747,954
Gross profit			322,165				271,338				598,129				508,369
Selling, general and administrative expenses			197,213				175,476				385,895				340,308
Depreciation and amortization expenses			11,274				9,916				22,557				19,273
Pre-opening expenses			5,203				8,972				11,645				15,628
Operating income			108,475				76,974				178,032				133,160
Interest income, net			(6,142	)			(4,534	)			(11,108	)			(9,322	)
Income before income taxes			114,617				81,508				189,140				142,482
Income tax expense			29,163				20,198				47,286				33,612
Net income		$	85,454			$	61,310			$	141,854			$	108,870
Earnings per common share:
Basic		$	1.42			$	1.00			$	2.35			$	1.77
Diluted		$	1.42			$	0.99			$	2.34			$	1.76
Weighted average common shares outstanding:
Basic			60,097				61,340				60,490				61,342
Diluted			60,236				61,796				60,713				61,806
Percentage of net sales:
Net sales			100.0	%			100.0	%			100.0	%			100.0	%
Cost of sales			56.5				60.1				57.3				59.5
Gross profit			43.5				39.9				42.7				40.5
Selling, general and administrative expenses			26.6				25.8				27.6				27.1
Depreciation and amortization expenses			1.5				1.5				1.6				1.5
Pre-opening expenses			0.7				1.3				0.8				1.2
Operating income			14.6				11.3				12.7				10.6
Interest income, net			(0.8	)			(0.7	)			(0.8	)			(0.7	)
Income before income taxes			15.5				12.0				13.5				11.3
Income tax expense			3.9				3.0				3.4				2.7
Net income			11.5	%			9.0	%			10.1	%			8.7	%

Components may not add to totals due to rounding.

5 Page

Ollie’s Bargain Outlet Holdings, Inc.

Condensed Consolidated Balance Sheets (unaudited)

(In thousands)

		August 1,				August 2,
Assets		2026				2025
Current assets:
Cash and cash equivalents		$	120,765			$	231,163
Short-term investments			66,737				85,893
Inventories			704,433				637,236
Accounts receivable			7,801				1,810
Prepaid expenses and other current assets			17,187				11,716
Total current assets			916,923				967,818
Property and equipment, net			419,234				360,836
Operating lease right-of-use assets			694,113				652,341
Goodwill			444,850				444,850
Trade name			230,559				230,559
Long-term investments			319,592				143,206
Other assets			2,325				2,242
Total assets		$	3,027,596			$	2,801,852
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt		$	809			$	518
Accounts payable			190,207				165,629
Income taxes payable			5,755				129
Current portion of operating lease liabilities			99,157				103,122
Accrued expenses and other current liabilities			115,656				98,968
Total current liabilities			411,584				368,366
Long-term debt			1,420				912
Deferred income taxes			94,733				85,640
Long-term portion of operating lease liabilities			624,260				561,024
Total liabilities			1,131,997				1,015,942
Stockholders’ equity:
Common stock			68				68
Additional paid-in capital			764,299				745,636
Retained earnings			1,750,163				1,476,583
Treasury - common stock			(618,931	)			(436,377	)
Total stockholders’ equity			1,895,599				1,785,910
Total liabilities and stockholders’ equity		$	3,027,596			$	2,801,852

6 Page

Ollie’s Bargain Outlet Holdings, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

(In thousands)

		Thirteen weeks ended								Twenty-six weeks ended
		August 1,				August 2,				August 1,				August 2,
		2026				2025				2026				2025
Net cash provided by operating activities		$	108,124			$	80,712			$	153,625			$	109,414
Net cash used in investing activities			(101,095	)			(39,744	)			(150,656	)			(58,010	)
Net cash used in financing activities			(83,937	)			(8,823	)			(141,884	)			(25,364	)
Net increase (decrease) in cash and cash equivalents			(76,908	)			32,145				(138,915	)			26,040
Cash and cash equivalents, beginning of the period			197,673				199,018				259,680				205,123
Cash and cash equivalents, end of the period		$	120,765			$	231,163			$	120,765			$	231,163

Ollie’s Bargain Outlet Holdings, Inc.

Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited)

(In thousands except for per share amounts)

		Thirteen weeks ended								Twenty-six weeks ended
		August 1,				August 2,				August 1,				August 2,
		2026				2025				2026				2025
Net income		$	85,454			$	61,310			$	141,854			$	108,870
Excess tax benefits related to stock-based compensation (1)			(7	)			(425	)			(501	)			(1,912	)
Adjusted net income		$	85,447			$	60,885			$	141,353			$	106,958
Net income per diluted share		$	1.42			$	0.99			$	2.34			$	1.76
Adjustments as noted above, per dilutive share:
Excess tax benefits related to stock-based compensation (1)			(0.00	)			(0.01	)			(0.01	)			(0.03	)
Adjusted net income per diluted share		$	1.42			$	0.99			$	2.33			$	1.73
Diluted weighted-average common shares outstanding			60,236				61,796				60,713				61,806
Net income		$	85,454			$	61,310			$	141,854			$	108,870
Interest income, net			(6,142	)			(4,534	)			(11,108	)			(9,322	)
Depreciation and amortization expenses			14,892				13,452				29,826				26,261
Income tax expense			29,163				20,198				47,286				33,612
EBITDA			123,367				90,426				207,858				159,421
Non-cash stock-based compensation expense			3,728				3,360				7,129				6,524
Adjusted EBITDA		$	127,095			$	93,786			$	214,987			$	165,945

Components may not add to totals due to rounding.

⁽¹⁾ Amount represents the impact from the recognition of excess tax benefits pursuant to Accounting Standards Update 2016-09, Stock Compensation

7 Page

Ollie’s Bargain Outlet Holdings, Inc.

Key Statistics (unaudited)

(Dollars in thousands)

		Thirteen weeks ended
		August 1,				August 2,
		2026				2025
Number of stores - beginning of period			672				584
Store openings			15				29
Store closings (1)			(1	)			-
Number of stores - end of period			686				613
Yr/yr store growth			11.9	%			16.8	%
Comparable stores sales change			(1.8	)%			5.0	%
Comparable store count – end of period			575				510
Total cash and investments (2)		$	507,094			$	460,262
Capital expenditures		$	43,309			$	26,416
Share repurchases		$	83,964			$	11,516

⁽¹⁾ Due to storm-related damage.

⁽²⁾ Includes cash and cash equivalents, short-term investments, and long-term investments.

8 Page

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 396.3 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 21.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 15.7 KB