Revenue growth remains robust at 14.2% in 2026Q1, while the company maintains structural pricing power evidenced by a 41.9% gross margin.
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 |
|---|
| Sales/Revenue | 2.73B | 2.65B | 2.27B | 2.1B | 1.83B | 1.75B | 1.81B | 1.41B | 1.24B | 1.08B | 890.32M | 762.37M | 637.98M | 540.72M |
| Revenue Growth % | 16.74% | 16.62% | 8.04% | 15.09% | 4.22% | -3.09% | 28.45% | 13.44% | 15.26% | 20.97% | 16.78% | 19.5% | 17.99% | - |
| Cost of Goods Sold | 1.66B | 1.62B | 1.36B | 1.27B | 1.17B | 1.07B | 1.09B | 852.61M | 743.73M | 645.38M | 529.9M | 459.51M | 384.46M | 323.91M |
| COGS % of Revenue | - | 61.05% | 59.75% | 60.41% | 64.09% | 61.14% | 60.01% | 60.55% | 59.91% | 59.92% | 59.52% | 60.27% | 60.26% | 59.9% |
| Gross Profit | 1.07B | 1.03B | 914.45M | 832.37M | 656.09M | 681.25M | 723.37M | 555.59M | 497.65M | 431.65M | 360.41M | 302.86M | 253.51M | 216.81M |
| Gross Margin % | 39.21% | 38.95% | 40.25% | 39.59% | 35.91% | 38.86% | 39.99% | 39.45% | 40.09% | 40.08% | 40.48% | 39.73% | 39.74% | 40.1% |
| Gross Profit Growth % | - | 12.85% | 9.86% | 26.87% | -3.69% | -5.82% | 30.2% | 11.64% | 15.29% | 19.77% | 19% | 19.47% | 16.93% | - |
| Operating Expenses | 763.02M | 709M | 664.95M | 604.57M | 525.18M | 476.65M | 445.87M | 383.73M | 335.6M | 295.89M | 258.22M | 223.29M | 190.73M | 166.65M |
| OpEx % of Revenue | - | 26.76% | 29.27% | 28.75% | 28.75% | 27.19% | 24.65% | 27.25% | 27.03% | 27.47% | 29% | 29.29% | 29.9% | 30.82% |
| Selling, General & Admin | 732.85M | 709M | 612.41M | 562.67M | 490.57M | 447.62M | 418.89M | 356.06M | 312.79M | 278.17M | 242.89M | 209.78M | 178.83M | 153.81M |
| SG&A % of Revenue | - | 26.76% | 26.96% | 26.76% | 26.85% | 25.53% | 23.16% | 25.28% | 25.2% | 25.83% | 27.28% | 27.52% | 28.03% | 28.44% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2M | 0 | 52.54M | 41.89M | 34.61M | 29.04M | 26.98M | 27.67M | 22.81M | 17.72M | 15.33M | 13.51M | 11.9M | 12.84M |
| Operating Income | 327.13M | 322.95M | 249.5M | 227.8M | 130.92M | 204.59M | 277.5M | 171.85M | 162.05M | 135.76M | 102.19M | 79.57M | 62.78M | 50.16M |
| Operating Margin % | 11.98% | 12.19% | 10.98% | 10.83% | 7.17% | 11.67% | 15.34% | 12.2% | 13.05% | 12.6% | 11.48% | 10.44% | 9.84% | 9.28% |
| Operating Income Growth % | - | 29.44% | 9.53% | 74% | -36.01% | -26.27% | 61.47% | 6.05% | 19.37% | 32.84% | 28.43% | 26.75% | 25.16% | - |
| EBITDA | 380.96M | 378.18M | 293.46M | 262.74M | 159.61M | 229.49M | 299.96M | 189.4M | 176.4M | 148.02M | 112.86M | 86.74M | 71.57M | 59.65M |
| EBITDA Margin % | 13.95% | 14.28% | 12.92% | 12.5% | 8.74% | 13.09% | 16.58% | 13.45% | 14.21% | 13.74% | 12.68% | 11.38% | 11.22% | 11.03% |
| EBITDA Growth % | 28.62% | 28.87% | 11.69% | 64.61% | -30.45% | -23.5% | 58.38% | 7.37% | 19.17% | 31.15% | 30.11% | 21.21% | 19.98% | - |
| D&A (Non-Cash Add-back) | 53.83M | 55.24M | 43.96M | 34.94M | 28.69M | 24.89M | 22.46M | 17.54M | 14.34M | 12.26M | 10.67M | 7.17M | 8.79M | 9.49M |
| EBIT | 327.13M | 322.95M | 249.5M | 241.87M | 142.62M | 214.27M | 287.77M | 184.95M | 173.2M | 143.66M | 109.08M | 85.91M | 67.69M | 54.99M |
| Net Interest Income | 18.9M | 18.72M | 16.31M | 14.69M | 2.96M | -209K | 278K | 878K | -1.26M | -4.47M | -5.93M | -15.42M | -18.43M | -17.49M |
| Interest Income | 18.9M | 18.72M | 16.31M | 14.69M | 2.96M | 0 | 278K | 878K | 0 | 0 | 0 | 0 | 671K | 1.85M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 209K | 0 | 0 | 1.26M | 4.47M | 5.93M | 15.42M | 19.1M | 19.34M |
| Other Income/Expense | 2.8M | -6.56M | 16.31M | 14.69M | 2.96M | -209K | 278K | 878K | -1.41M | -5.27M | -5.93M | -22.13M | -19.1M | -19.34M |
| Pretax Income | 329.93M | 316.38M | 265.81M | 242.49M | 133.88M | 204.38M | 277.78M | 172.73M | 160.64M | 130.49M | 96.26M | 57.45M | 43.68M | 30.82M |
| Pretax Margin % | 12.08% | 11.94% | 11.7% | 11.53% | 7.33% | 11.66% | 15.36% | 12.27% | 12.94% | 12.12% | 10.81% | 7.54% | 6.85% | 5.7% |
| Income Tax | 80.5M | 75.79M | 66.05M | 61.05M | 31.09M | 46.93M | 35.08M | 31.6M | 25.63M | 2.89M | 36.49M | 21.61M | 16.76M | 11.28M |
| Effective Tax Rate % | 24.4% | 23.95% | 24.85% | 25.18% | 23.22% | 22.96% | 12.63% | 18.3% | 15.95% | 2.22% | 37.91% | 37.61% | 38.38% | 36.59% |
| Net Income | 249.44M | 240.6M | 199.76M | 181.44M | 102.79M | 157.46M | 242.7M | 141.13M | 135.01M | 127.59M | 59.76M | 35.84M | 26.91M | 19.54M |
| Net Margin % | 9.13% | 9.08% | 8.79% | 8.63% | 5.63% | 8.98% | 13.42% | 10.02% | 10.88% | 11.85% | 6.71% | 4.7% | 4.22% | 3.61% |
| Net Income Growth % | 24.11% | 20.44% | 10.1% | 76.51% | -34.72% | -35.12% | 71.97% | 4.53% | 5.81% | 113.5% | 66.76% | 33.16% | 37.74% | - |
| Net Income (Continuing) | 249.44M | 240.6M | 199.76M | 181.44M | 102.79M | 157.46M | 242.7M | 141.13M | 135.01M | 127.59M | 59.76M | 35.84M | 26.91M | 19.54M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 4.08 | 3.89 | 3.23 | 2.92 | 1.64 | 2.43 | 3.68 | 2.14 | 2.05 | 1.96 | 0.96 | 0.64 | 0.49 | 0.36 |
| EPS Growth % | 24.62% | 20.43% | 10.62% | 78.05% | -32.51% | -33.97% | 71.96% | 4.39% | 4.59% | 104.17% | 50% | 30.61% | 36.11% | - |
| EPS (Basic) | - | 3.92 | 3.26 | 2.94 | 1.64 | 2.44 | 3.75 | 2.23 | 2.05 | 2.08 | 0.99 | 0.67 | 0.51 | 0.37 |
| Diluted Shares Outstanding | 61.19M | 61.77M | 61.77M | 62.07M | 62.7M | 64.88M | 65.87M | 65.87M | 65.91M | 64.95M | 62.41M | 55.8M | 54.57M | 54.57M |
| Basic Shares Outstanding | 60.88M | 61.32M | 61.34M | 61.74M | 62.49M | 64.45M | 64.75M | 63.21M | 65.86M | 61.35M | 60.16M | 53.84M | 53.22M | 53.22M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | 136.3% | 215.31% | - |
Supply chain inventory availability
According to the latest financial data, OLLI achieved a 14.2% revenue growth in 2026Q1, maintaining a consistent upward trajectory that suggests successful store footprint expansion and effective execution of the company's extreme-value retail model across both established and newer geographic markets in the United States.
The revenue growth appears durable, supported by the company's ability to scale its store base while maintaining positive comparable store sales. Investors should monitor whether this growth remains organic or if it becomes increasingly dependent on aggressive new store openings that may eventually face cannibalization risks.
As reported in recent income statements, OLLI maintained a gross margin of 41.9% in 2026Q1, demonstrating the company's ability to preserve pricing power and manage procurement costs effectively despite the inherent volatility associated with sourcing opportunistic closeout merchandise from various global and domestic manufacturers.
The stability in gross margins suggests that the company's 'first-call' status in the secondary market provides a meaningful buffer against inflationary pressures. However, the sensitivity of these margins to freight costs and inventory mix warrants continued scrutiny as the company expands into more competitive Western regions.
Based on the provided quarterly figures, OLLI's operating income reached $76.0M in 2026Q1, indicating that management is successfully leveraging its SG&A expenses as the business scales, with operating margins showing a disciplined improvement trend compared to the lower-margin periods observed in previous fiscal years.
The ability to keep SG&A growth below revenue growth suggests a lean operational model that prioritizes store-level productivity. This efficiency appears to be a core driver of the company's profitability, though investors should watch for any potential creep in overhead costs as the distribution network expands.
Financial statements indicate that OLLI has effectively eliminated stock-based compensation as of 2026Q1, which significantly enhances the quality of reported net income and EPS compared to prior periods where such non-cash expenses periodically weighed on the bottom line and diluted shareholder value.
The absence of SBC in the most recent quarter suggests a more transparent earnings profile that reflects actual operational performance. This shift likely improves the reliability of EPS as a metric for assessing the company's true profitability and capital allocation success.
While current performance is strong, a critical challenge to the narrative is the potential for long-term margin compression if global supply chains become more efficient, thereby reducing the volume of distressed, brand-name inventory that serves as the primary engine for OLLI's extreme-value retail model.
Short-term success may mask a structural risk where the company's inventory moat is slowly eroded by better manufacturer inventory management technology. Investors should remain cautious about the sustainability of high-margin closeout deals if the supply of such goods becomes structurally constrained over the coming years.
Quick answers to the most common questions about buying OLLI stock.
For fiscal year 2025, Ollie's Bargain Outlet Holdings, Inc. (OLLI) reported total revenue of $2.65B. This represents a 389.9% increase compared to $540.7M in 2013.
Ollie's Bargain Outlet Holdings, Inc. (OLLI) is profitable, generating $240.6M in net income for the fiscal year ending 2025 with a net profit margin of 9.1%.
Ollie's Bargain Outlet Holdings, Inc. (OLLI) reported an operating income of $322.9M, resulting in an operating profit margin of 12.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Ollie's Bargain Outlet Holdings, Inc. (OLLI) generated $1.03B in gross profit for the year, representing a gross profit margin of 39.0%. This demonstrates the company's core pricing power and production efficiency.