Academy Sports and Outdoors, Inc. Earnings Recaps
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.
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.