Academy Sports & Outdoors (ASO) Q3 2025 Earnings
How Did ASO Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +1.77%.
Did ASO Beat Earnings? Q3 2025 Results
Yes. Academy Sports & Outdoors reported Q3 2025 earnings of $1.14 a share on Dec 9, 2025, beating the $1.06 consensus estimate by 7.5%. Revenue was $1.4B against a $1.4B estimate.
Academy Sports & Outdoors posted a mixed but broadly encouraging fiscal third quarter, beating on the bottom line while falling just short on revenue. Adjusted diluted EPS of $1.14 cleared the $1.06 consensus estimate by 7.49%, rising 16.3% year-over-year as gross margin expanded 170 basis points to 35.7%, a gain the company attributed to merchandising improvements and value positioning. Net sales climbed 3.0% year-over-year to $1.38 billion, coming in slightly below the $1.41 billion consensus, though a comparable sales decline of 0.9% marked a meaningful improvement from the 4.9% drop in the year-ago quarter. E-commerce sales surged 22.2% during the period, and 11 new store openings brought the chain to 317 locations across 21 states. Looking ahead, Academy narrowed its fiscal 2025 adjusted EPS guidance to $5.65 to $6.15 and trimmed its full-year net sales range to $6.03 billion to $6.20 billion, while sector-wide pressure from a disappointing Nike report tempered investor enthusiasm despite the company's solid profitability gains.
- eCommerce sales growth of 22.2%
- Gross margin expansion of 170 basis points to 35.7%
- New stores comping at high single digits
- Value leadership positioning resonating with consumers
- Jordan Brand launch driving incremental sales across 145 stores
- Comparable sales improvement to (0.9)% from (4.9)% in the year-ago quarter
“We continue to see an acceleration in our underlying growth strategies, despite the uncertain economic backdrop the consumer is facing.”
Academy Sports & Outdoors CEO, on the earnings call
What Was Academy Sports & Outdoors's Outlook in Q3 2025?
Academy narrowed its fiscal 2025 guidance. Net sales guidance was updated to $6,025M–$6,200M (from $6,000M–$6,265M). Comparable sales guidance was tightened to (2.0)% to flat (from (3.0)% to +1.0%). Gross margin rate guidance low end raised to 34.3% (from 34.0%), high end unchanged at 34.5%. GAAP EPS guidance narrowed to $5.35–$5.85 (from $5.30–$6.00). Adjusted EPS guidance narrowed to $5.65–$6.15 (from $5.60–$6.30). Capital expenditures guidance updated to $180M–$210M (from $180M–$220M). Adjusted free cash flow guidance updated to $250M–$300M (from $250M–$320M). The company expects the full-year tax rate to be 23.5%. The company plans to open 20-25 new stores in fiscal 2026.
ASO YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $1.4B | $1.3B | +3.0% |
| Gross Profit | $493.4M | $456.7M | +8.0% |
| Operating Income | $100.4M | $91.5M | +9.7% |
| Net Income | $71.6M | $65.8M | +8.8% |
Figures from SEC filings and company reports. Not investment advice.