Academy Sports and 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 and 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 and Outdoors CEO, on the earnings call
What Was Academy Sports and 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.