revenue $2.65B, net income $240.6M. Ollie's adds 86 stores, expands distribution capacity; tariffs emerge as new cost headwind

Filed March 19, 2026 · Period ending January 31, 2026 · Compared to 10-K Mar 26, 2025 · ~2 min read

Key Changes

• high

  Store count jumped 15% to 645 locations across 34 states, driven by 63 bankruptcy-acquired leases. Company plans to expand two distribution centers in 2026-27 to support continued growth beyond current 750-store capacity.

  Business: Store count and distribution expansion verify on EDGAR →
• high

  Management now explicitly calls out 'incremental tariff expense' as a gross margin headwind for the first time, with new risk language around trade sanctions and Supreme Court ruling creating refund uncertainty.

  MD&A: Tariff disclosure; Risk Factors verify on EDGAR →
• high

  Comparable store sales accelerated to 3.7% from 2.8% prior year, with Ollie's Army loyalty membership growing 13% to 17 million members who drive over 80% of sales.

  MD&A: Comp sales and loyalty verify on EDGAR →