Academy Sports Reports Q2 Earnings Beat and Raises Full-Year Guidance
Academy Sports (NASDAQ:ASO) reported second-quarter earnings that exceeded Wall Street expectations, with adjusted EPS of $2.31 compared to the consensus estimate of $2.08. Revenue reached $1.65 billion, up slightly from a year ago and in line with forecasts. Despite a 0.4% decline in comparable sales due to ongoing consumer spending pressures, digital revenue grew by 12.8%. The company raised its full-year adjusted EPS guidance to between $6.50 and $6.90 per share, upping the midpoint from previous estimates. The positive results led to a more than 11% surge in premarket trading for Academy Sports shares. CEO Steve Lawrence highlighted efforts to reinvest tariff-related benefits into value creation and expand new brands and categories across stores and digital channels. GAAP diluted EPS rose by 17.3%, aided by $0.06 per share from tariff refunds after reinvestment.
Tickers: $ASO
Topics: consumer_spending e-commerce_growth retail sports_goods