Filing Flows › Ollie's Bargain Outlet Holdings (OLLI) › Q1 FY26
Ollie's Bargain Outlet Holdings (OLLI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 3, 2025
Ollie's Bargain Outlet Holdings (OLLI) reported revenue of $577M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and -14% from the quarter before. Operating margin was 9.7%, net earnings $47.6M (8.2% of revenue).
Ollie's Bargain Outlet Holdings, Q1 FY26: revenue $577M (+13% year over year), operating margin 9.7%, net earnings $47.6M, operating cash flow $28.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $577M | -14% | +13% |
| Gross profit | $237M | -13% | +13% |
| Operating profit | $56.2M | -36% | -0.6% |
| Net earnings | $47.6M | -31% | +3% |
| Operating cash flow | $28.7M | -81% | -29% |
| Free cash flow | $2.0M | -98% | -85% |
What changed
Revenue was $576.8M in Q1 FY26, up 13% year over year and down 14% from the previous quarter.
Gross margin was 41.1%, unchanged from a year earlier. Operating profit was $56.2M, a 9.7% margin (down 1.4 points year over year). Operating profit fell $311K even though revenue rose $67.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+53%). Net earnings were $47.6M, up 3% year over year. The effective tax rate was 22.0%.
Operating cash flow was $28.7M (down 29% year over year), 60% of net earnings. Non-cash charges added back $9.4M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $31.4M. Capital expenditures of $26.7M left free cash flow of $2.0M.
Questions
What was Ollie's Bargain Outlet Holdings' revenue in the first quarter fiscal 2026?
Ollie's Bargain Outlet Holdings (OLLI) reported revenue of $577M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and -14% from the quarter before.
Was Ollie's Bargain Outlet Holdings profitable in the first quarter fiscal 2026?
Operating profit was $56.2M (9.7% of revenue) and net earnings $47.6M.