OLLI Ollie's Bargain Outlet Holdings (OLLI) Q2 FY27 earnings call
Ollie's delivered strong Q2 earnings growth, primarily driven by tariff refunds, despite comparable store sales declining 1.8% due to challenging weather, economic pressure on consumers, and an elevated promotional environment. The company is tempering near-term expectations and investing in price to maintain its value leadership, while continuing strategic initiatives like new store openings and supply chain expansion to support long-term profitable growth.
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OLLI operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | This call Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Stores | 658With a total of 658 stores in 35 states, we are only at the halfway mark of our long-term goal of more than 1,300 stores.Source: earnings call transcript | 672We opened 27 new stores in the first quarter, an increase of more than 15% and ended the period with 672 stores in 35 states.Source: earnings call transcript | — | +2.1% |
| Loyalty program members | 17MWe opened a record 86 stores last year, an increase of more than 15% and membership growth in Ollie's Army remained strong, up more than 12% for the year to 17 million members.Source: earnings call transcript | 17.5MGrowth in our loyalty program was again strong in the quarter, increasing 13% to 17.5 million members.Source: earnings call transcript | 18M+Ollie's Army members increased 13% versus last year, and we ended the period with over 18 million bargain ops.Source: earnings call transcript | — |
| New stores opened | — | 27We opened 27 new stores in the first quarter, an increase of more than 15% and ended the period with 672 stores in 35 states.Source: earnings call transcript | 50We opened 50 new stores during the second quarter and 42 during the first half of the year, more than halfway to our full year target of 75.Source: earnings call transcript | +85.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.