Academy Sports and Outdoors, Inc.

Academy Sports and Outdoors, Inc. Earnings Recaps

ASO Consumer Discretionary 3 recaps
Next earnings: September 1, 2026 (estimated) · full calendar
Q1 2026 Jun 11, 2026

Shares dropped 3.5% as cautious commentary on future growth tempered enthusiasm despite a solid first quarter; investors appeared concerned about the pace of same-store sales gains and the lack of clear margin or outlook upside.

Key takeaways
  • Total sales increased 6.7% to $1.44 billion with a 2.9% comp gain, driven primarily by a high single-digit average unit retail (AUR) increase that offset a slight decline in units per transaction.
  • E-commerce comp surged 17%, and all four business divisions posted gains, led by outdoor (+12%) and sports & recreation (+6%).
  • Ammo sales turned positive mid-quarter, helped by geopolitical factors, supporting shooting sports, which continues market share growth for eight consecutive quarters.
  • Growth initiatives include limited launch of suppressors in about 100 stores, expanded brand shop counts for apparel and athletic lines, and ongoing new store openings targeting mid-sized and legacy markets.
  • While the quarter showed progress, management’s remarks and limited commentary on margin expansion or a more aggressive outlook suggest investor caution on sustained momentum.
Full recap
Q3 2025 Dec 9, 2025

Academy Sports and Outdoors reported a 3% year-over-year increase in sales for Q3 FY2025, despite facing a challenging retail environment and a negative 0.9% comp store sales due to varying consumer spending patterns.

Key takeaways
  • Sales reached $1.38 billion, with improved average unit retails contributing to a gross margin increase of 170 basis points to 35.7%.
  • New store openings are positively impacting results, with a high single-digit comp growth among new locations added from 2022 to 2024.
  • Omnichannel enhancements continued to drive engagement, resulting in a 22% growth in online sales for the quarter.
  • Key categories such as Sports and Rec (+6%) and Apparel (+3%) showed strong performance, aided by popular national brands and private label growth.
  • Academy is effectively capturing market share, particularly among higher-income consumers, with foot traffic from the top income quintiles increasing in the high single digits.
Full recap
Q2 2025 Sep 2, 2025

Academy Sports and Outdoors reported solid second-quarter results, with revenues of $1.6 billion reflecting a 3.3% year-over-year growth and improved comparable sales trends.

Key takeaways
  • E-commerce sales surged 18% during the quarter, significantly enhancing the company's online penetration.
  • Successful store expansion: Three new locations opened, with plans for 20 to 25 additional stores in 2025.
  • Comp sales improved to 0.2%, with notable growth in key categories such as athletic and outdoor apparel despite earlier seasonal challenges.
  • Strong market share gains from higher-income consumers, offsetting some traffic erosion in lower-income segments.
  • Gross margin remained stable at 36%, indicating effective cost management alongside revenue growth.
Full recap