Academy Sports and Outdoors, Inc. (ASO) Q2 FY2026 earnings

Reported results

• Net sales of $1,647.3 million increased 3.0% compared to $1,599.8 million in the prior year quarter; comparable sales declined 0.4%
• Diluted GAAP earnings per share of $2.17, up 17.3% from $1.85; adjusted EPS (non-GAAP) of $2.31, up 19.1% from $1.94
• Net income of $137.9 million, up 10.0% from $125.4 million; adjusted net income (non-GAAP) of $146.5 million, up 11.6% from $131.3 million
• eCommerce sales increased 12.8%; opened three new stores during the quarter, bringing total to 327 locations
• Year-to-date net sales of $3,089.3 million, up 4.7% from $2,951.2 million; year-to-date diluted GAAP EPS of $2.94, up 16.7% from $2.52

Guidance

• Fiscal 2026 net sales guidance: $6,230 million to $6,355 million (3.0% to 5.0% growth)
• Fiscal 2026 comparable sales guidance: 0% to 2.0%
• Fiscal 2026 gross margin rate guidance: 35.5% to 36.0%
• Fiscal 2026 GAAP earnings per common share, diluted guidance: $6.05 to $6.45
• Fiscal 2026 adjusted EPS (non-GAAP), diluted guidance: $6.50 to $6.90
• Fiscal 2026 adjusted free cash flow (non-GAAP) guidance: $300 million to $350 million
• Capital expenditures guidance for fiscal 2026: $200 million to $240 million

Notes

The company affirmed sales guidance and raised EPS guidance from prior June 9, 2026 guidance. Net tariff refund impact to EPS was $0.06 including reinvestments. Company reinvested tariff-related benefits into value and strategic initiatives. Adjusted measures exclude equity compensation and loss on early retirement of debt.

Price and volatility reaction

The stock moved +14.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -4.4 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-09 (8-K, Item 2.02). Read the original filing on sec.gov.