Ollie's Bargain Outlet

Ollie's helps people buy brand-name household items at a discount. It sells leftover products from manufacturers to save shoppers money. This store serves budget-conscious families looking for everyday essentials.

What's on the Shelves?

• Consumables: Everyday items, including food, health and beauty aids, and cleaning supplies, made up 34.4% of net sales in Q1 2026.
• Home: Household products, including housewares, bed and bath items, and floor coverings, accounted for 28.5% of net sales in Q1 2026.
• Seasonal: Specific goods, including toys, electronics, and lawn and garden items, accounted for 17.9% of net sales in Q1 2026.
• Other: A variety of merchandise, including clothing, sporting goods, and pet products, comprised 19.2% of net sales in Q1 2026.

Growing the Store Network

• Opened 27 new retail locations during the first quarter of fiscal 2026.
• Acquired former store locations of bankrupt retailers through the auction process to expand the base.
• Refinanced the revolving credit facility in January 2024 to extend its maturity to January 2029.
• Adopted the 2025 Equity Incentive Plan in June 2025 to issue stock awards to employees.

The Bargain Strategy

The company sources brand-name products as unique buying opportunities arise rather than following a fixed schedule. This flexible model relies on deep relationships across the supply chain to find excess inventory.

Momentum by the Numbers

• Net sales reached $658.9 million in Q1 2026, up 14.2% year-over-year.
• Net income was $56.4 million in Q1 2026, an 18.6% increase from the previous year.
• Operating cash flow grew to $45.5 million in Q1 2026, up from $28.7 million in Q1 2025.
• Gross margin expanded to 41.9% in Q1 2026, up from 41.1% in the first quarter of 2025.
• Store count grew to 672 locations across 35 states as of May 2, 2026.

The Big Picture

Ollie's has grown from a single store to a multi-state chain focused on bargain hunting. Its ability to source name-brand inventory at low costs supports its expansion across the United States.