Academy Sports and Outdoors (NASDAQ:ASO) Announces Quarterly Earnings Results

Academy Sports and Outdoors (NASDAQ:ASO) announced its quarterly earnings data on Wednesday. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.24, FiscalAI reports. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.94 EPS. Academy Sports and Outdoors updated its FY 2026 guidance to 6.500-6.900 EPS.

Here are the key takeaways from Academy Sports and Outdoors’ conference call:

• Neutral Sentiment: Second-quarter sales rose 3% to approximately $1.6 billion, while comparable sales declined 0.4%. E-commerce remained a key strength, increasing 12.8%, but traffic from households earning under $50,000 fell at a high-single-digit rate as inflation pressured discretionary spending.
• Positive Sentiment: Academy reaffirmed full-year sales guidance of $6.23 billion–$6.36 billion, or 3%–5% growth, with comparable sales ranging from flat to up 2%. It raised gross-margin guidance to 35.5%–36.0% and EPS guidance to $6.05–$6.45, supported by a lower share count.
• Positive Sentiment: New stores, digital growth, and loyalty initiatives are gaining traction: comparable newer stores rose mid-single digits, dot-com sales increased 14% year to date, and Academy credit-card spending climbed about 20% in the quarter. The company now expects more than 16 million myAcademy members by year-end.
• Positive Sentiment: Management is reinvesting tariff-refund proceeds into lower prices, labor, and marketing, which it says has stimulated demand and improved value perception. Newness initiatives—including Hoka, expanded Ariat and Chubbies assortments, suppressors, and Redfield firearms—are intended to drive traffic and broaden the customer base.
• Negative Sentiment: Management expects the consumer backdrop to remain challenging, particularly for lower-income households, and anticipates a more promotional holiday period. Tariff refunds provided a substantial but nonrecurring second-quarter gross-margin benefit, while elevated fuel and freight costs and pricing investments are expected to pressure margins in the second half.

Academy Sports and Outdoors Stock Up 14.4%

Shares of NASDAQ ASO opened at $51.15 on Thursday. The stock has a market cap of $3.17 billion, a P/E ratio of 9.01, a P/E/G ratio of 0.65 and a beta of 1.02. The firm has a 50 day moving average price of $46.83 and a 200 day moving average price of $51.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. Academy Sports and Outdoors has a 52-week low of $41.29 and a 52-week high of $62.44.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.60 annualized dividend and a yield of 1.2%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.56%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several hedge funds have recently bought and sold shares of ASO. Mariner LLC boosted its holdings in shares of Academy Sports and Outdoors by 48.6% in the fourth quarter. Mariner LLC now owns 6,265 shares of the company’s stock valued at $313,000 after buying an additional 2,050 shares during the period. FORA Capital LLC bought a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth $304,000. Ieq Capital LLC acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth $237,000. Quadrant Capital Group LLC raised its holdings in shares of Academy Sports and Outdoors by 4.5% during the fourth quarter. Quadrant Capital Group LLC now owns 5,610 shares of the company’s stock worth $280,000 after acquiring an additional 241 shares during the period. Finally, Man Group plc bought a new stake in Academy Sports and Outdoors in the 2nd quarter valued at $299,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group cut their price target on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. UBS Group reiterated a “neutral” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 2nd. Telsey Advisory Group dropped their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, September 2nd. Barclays reduced their target price on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 11th. Finally, Weiss Ratings downgraded shares of Academy Sports and Outdoors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.50.

Academy Sports and Outdoors News Roundup

Here are the key news stories impacting Academy Sports and Outdoors this week:

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS was $2.31, up 19.1% year over year and above analysts’ roughly $2.07-$2.10 estimate. GAAP EPS rose 17.3% to $2.17. Revenue increased 3.0% to $1.65 billion, in line with expectations. Academy Sports + Outdoors Reports Second Quarter Fiscal 2026 Results
• Positive Sentiment: Profit outlook raised: Management increased its fiscal 2026 adjusted EPS guidance, with reports citing a range of approximately $6.05-$6.45, while maintaining sales guidance of about $6.23-$6.36 billion. The improved outlook was supported by expense control and operating execution. Academy sports forecasts sales and raises EPS view
• Positive Sentiment: Digital and store expansion trends were favorable: E-commerce sales grew 12.8%, and newly opened stores generated comparable sales growth in the mid-single digits. Academy opened three stores during the quarter in Pennsylvania and Tennessee. Academy raises annual profit forecast
• Neutral Sentiment: Core demand was mixed: Overall comparable sales declined 0.4%, partially offsetting total sales growth from new stores and e-commerce. Investors will likely monitor whether digital momentum can overcome softer established-store traffic.
• Negative Sentiment: Tariff benefit is temporary: Q2 adjusted EPS included a net $0.06 benefit from tariff refunds, including reinvestments. Management expects those refunds to fade, creating a potential headwind to future earnings comparisons. Tariff refunds fade

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.