Filing Flows › Ollie's Bargain Outlet Holdings (OLLI) › Q1 FY27
Ollie's Bargain Outlet Holdings (OLLI) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 3, 2026
Ollie's Bargain Outlet Holdings (OLLI) reported revenue of $659M for the first quarter fiscal 2027 (Q1 FY27), +14% from a year earlier and -15% from the quarter before. Operating margin was 10.6%, net earnings $56.4M (8.6% of revenue).
Ollie's Bargain Outlet Holdings, Q1 FY27: revenue $659M (+14% year over year), operating margin 10.6%, net earnings $56.4M, operating cash flow $45.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $659M | -15% | +14% |
| Gross profit | $276M | -11% | +16% |
| Operating profit | $69.6M | -36% | +24% |
| Net earnings | $56.4M | -34% | +19% |
| Operating cash flow | $45.5M | -75% | +59% |
| Free cash flow | $20.0M | -88% | +921% |
What changed
Revenue was $658.9M in Q1 FY27, up 14% year over year and down 15% from the previous quarter.
Gross margin was 41.9%, up 0.8 points from Q1 FY26. Operating profit was $69.6M, a 10.6% margin (up 0.8 points year over year). Of the extra revenue versus Q1 FY26, 16% reached operating profit, above the 10% margin then. Operating expenses grew 14% against revenue growth of 14%. The fastest-growing cost line was SG&A (+14%). Net earnings were $56.4M, up 19% year over year. The effective tax rate was 24.3%.
Operating cash flow was $45.5M (up 59% year over year), 81% of net earnings. Non-cash charges added back $11.3M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $25.6M. Capital expenditures of $25.5M left free cash flow of $20.0M.
Questions
What was Ollie's Bargain Outlet Holdings' revenue in the first quarter fiscal 2027?
Ollie's Bargain Outlet Holdings (OLLI) reported revenue of $659M for the first quarter fiscal 2027 (Q1 FY27), +14% from a year earlier and -15% from the quarter before.
Was Ollie's Bargain Outlet Holdings profitable in the first quarter fiscal 2027?
Operating profit was $69.6M (10.6% of revenue) and net earnings $56.4M.