Academy Sports Reports Strong Q2 Earnings, Raises Outlook Despite Consumer Spending Pressures
Academy Sports and Outdoors Inc. reported strong fiscal second-quarter results with adjusted earnings per share of $2.31, surpassing the estimated $2.08. Net sales reached $1.647 billion, up 3% year-over-year, slightly below analyst expectations but supported by a rise in e-commerce sales and new store openings. The company raised its fiscal 2026 adjusted EPS guidance to between $6.50-$6.90 from the previous range of $6.40-$6.80. Academy also increased its GAAP EPS outlook, while affirming a net sales forecast in line with estimates. The retailer cited reinvestment into value and expansion efforts as key drivers for gaining market share despite ongoing consumer spending pressures. Academy's CEO noted that lower-income shoppers are particularly affected by economic conditions but emphasized the company’s focus on omnichannel initiatives, new store openings, and loyalty programs to strengthen customer engagement. The stock surged over 11% following the report.
Topics: consumer_spending retail sports_goods