Academy Sports Reports Q2 2026 Earnings with Mixed Performance
Academy Sports (ASO) reported second-quarter fiscal year 2026 earnings, showing mixed performance amid ongoing consumer challenges. Total sales reached $1.6 billion, a 3% increase overall but translating to a slightly negative comp at -0.4%. The online business continued strong growth of 12.8%, improving digital channel penetration by 110 basis points compared to the prior year. The CEO noted that consumer inflationary pressures and reduced tax refunds impacted sales, particularly in May and June when total sales were up only 2% with a -1% comp decline. Traffic from lower-income households (under $50K annually) dropped sharply by high single digits during Q2 compared to low single-digit declines in Q1. In contrast, higher-income customers saw strong traffic growth of high single digits. July marked an improvement as the best month of the quarter with a 3% total sales increase and modest positive comp results. The CEO also highlighted that tax-free weekends moved from late July into early August negatively affected Q2 but benefited Q3 performance through Labor Day, which saw low-single-digit comp growth.
Tickers: $ASO
Topics: financial results forward-looking statements strategic initiatives