Academy Sports & Outdoors Reports Q2 Earnings Growth
Shares of Academy Sports & Outdoors Inc. rose in pre-market trading following the release of its second-quarter earnings report, which showed gains in both profits and sales. For the quarter ended August 1, net income increased by 10% to $137.9 million, or $2.17 per diluted share, compared to the same period last year. Adjusted EPS came in at $1.94 against Wall Street's expectation of $2.08. Net sales rose 3.0% to $1.65 billion. The company also reported a 10.1% increase in net income for the first half of fiscal 2026, reaching $190.6 million on higher net sales of $3.09 billion. CEO Steve Lawrence attributed strong performance to strategic execution and reinvestment of tariff refunds into value initiatives and new product categories. Academy raised its EPS guidance for fiscal 2026 from a range of $5.95–$6.35 to $6.05–$6.45, while maintaining other projections including net income between $390 million and $415 million on sales of $6.23 billion to $6.36 billion.
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