Ollie’s Shares Slide After Mixed Results Despite Strong Store Expansion

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares declined more than 2% intra-day on Tuesday after the discount retailer posted third-quarter results showing an earnings beat but a slight revenue miss.

The company reported earnings of $0.75 per share, topping the analyst forecast of $0.73. Revenue reached $613.6 million, just below the $614.56 million estimate, though sales increased 18.6% year-over-year, supported by strong new-store growth and a 3.3% rise in comparable sales.

Ollie’s opened a record 32 stores during the quarter, ending with 645 locations across 34 states, up 18.1% from the prior year. The retailer has now opened 86 stores in fiscal 2025, surpassing its original target of 75.

Its Ollie’s Army loyalty program expanded 11.8% to 16.6 million members. Operating income rose 24.5% to $55.4 million, with operating margin improving 40 basis points to 9.0%.

The retailer raised its full-year outlook, now expecting revenue of $2.648 billion to $2.655 billion, above its earlier forecast and Street estimates. Adjusted EPS is now projected at $3.81 to $3.87, compared with prior guidance of $3.76 to $3.84.

Looking into fiscal 2026, Ollie’s plans to open 75 new stores, with most additions scheduled for the first half of the year.