Ollie's Bargain Outlet (OLLI) missed consensus on Q3 sales but the shortfall appears tied to "temporary factors" and does not materially impact the company's earnings outlook, RBC Capital Markets said in a note Tuesday.
RBC said Q3 comp sales rose 3.3% and attributed the softer quarter to unseasonably warm weather in September and October, along with a government shutdown.
Management reaffirmed mid-teens EPS growth for 2026 and said it expects to open roughly 75 new stores, the firm noted.
RBC said it expects "continued progress" in strong earnings growth and modest multiple expansion.
RBC maintained an outperform rating on Ollie's Bargain Outlet and kept its $147 price target.
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