Ollie's Q1 sales up 14%, margin gains drive 19% profit growth; tariff refund pending

Filed June 3, 2026 · Period ending May 2, 2026 · Compared to 10-Q Jun 3, 2025 · ~1 min read

Key Changes

• high

  Supreme Court invalidated certain IEEPA tariffs; CBP must refund duties. Ollie's has not yet recognized any refund benefit as of May 2, 2026, citing uncertainty around timing and amount.

  MD&A: IEEPA tariff refunds verify on EDGAR →
• high

  Net income rose 18.6% to $56.4M on 14.2% sales growth and 80bp gross margin expansion (to 41.9%), driven by lower supply chain costs and modest merchandise margin gains.

  MD&A: Net income growth verify on EDGAR →
• medium

  Comparable store sales growth slowed to 1.7% from 2.6% prior year, driven by basket size rather than transaction count—suggesting fewer trips but higher spend per visit.

  MD&A: Comparable store sales verify on EDGAR →