Academy Sports & Outdoors (ASO) Q1 2026 Earnings
How Did ASO Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +1.64%.
Did ASO Beat Earnings? Q1 2026 Results
No. Academy Sports & Outdoors reported Q1 2026 earnings of $0.93 a share on Jun 9, 2026, missing the $2.10 consensus estimate by 55.7%. Revenue was $1.4B against a $1.4B estimate.
Academy Sports & Outdoors posted a mixed fiscal first quarter of 2026, with revenue landing right on target while adjusted earnings fell well short of expectations. The sporting goods retailer reported adjusted diluted EPS of $0.93, missing the $2.10 consensus estimate by 55.66%, even as net sales rose 6.7% year-over-year to $1.44 billion, edging just above the $1.44 billion consensus by 0.08%. The top-line strength was driven by a 2.9% comparable sales gain, a meaningful reversal from the negative 3.7% comp posted in the year-ago quarter, alongside a 17.4% jump in eCommerce sales. Gross margin contracted 80 basis points to 33.2%, reflecting higher costs as a percentage of sales, which weighed on the bottom line despite improved SG&A leverage. Management responded to the solid revenue momentum by raising the low end of its full-year guidance, now projecting adjusted EPS of $6.40 to $6.80 and net sales of $6.23 billion to $6.36 billion, with comparable sales guidance tightened to flat to positive 2.0%. Analysts broadly maintain a moderate buy stance on the stock, citing the company's store expansion strategy and improving traffic trends as key longer-term supports.
- Total sales growth of 6.7% driven by increases in both traffic and average ticket
- Comparable sales growth of 2.9%, reversing prior year's negative 3.7% comp
- eCommerce sales increase of 17.4%
- New stores comping positive high single digits
- SG&A leverage improved 70 basis points to 28.1% of sales
- Inventory per store down 6.8% in units and 0.8% in dollars, reflecting disciplined inventory management
“We were pleased with the continued improvement in our results in Q1, with total sales up 6.7%, driven by increases in both traffic and average ticket. Based on our Q1 performance, we are raising the low end of our full-year guidance. While we expect inflationary pressures to continue impacting consumer spending for the remainder of the year, our goal is to build on the momentum in our business. We plan to accomplish this by methodically executing against our long-range strategies as we continue to offer customers compelling assortments at outstanding values.”
Academy Sports & Outdoors CEO, on the earnings call
What Was Academy Sports & Outdoors's Outlook in Q1 2026?
Academy raised the low end of its fiscal 2026 guidance based on Q1 performance. Updated net sales guidance is $6,230M to $6,355M (from $6,175M to $6,355M), representing 3.0%-5.0% sales growth. Comparable sales guidance narrowed to flat to +2.0% (from -1.0% to +2.0%). Gross margin rate expected at 34.5%-35.0%. GAAP EPS guidance raised to $5.95-$6.35 (from $5.65-$6.15). Adjusted EPS guidance raised to $6.40-$6.80 (from $6.10-$6.60). Capital expenditures expected at $200M-$240M. Adjusted free cash flow expected at $250M-$300M. The company plans to open 20-25 new stores during fiscal 2026. Management remains prudent about the macroenvironment, expecting inflationary pressures to continue impacting consumer spending for the remainder of the year.
ASO YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.4B | $1.4B | +6.7% |
| Gross Profit | $479.3M | $458.9M | +4.5% |
| Operating Income | $74.7M | $69.3M | +7.8% |
| Net Income | $52.7M | $46.1M | +14.4% |
Figures from SEC filings and company reports. Not investment advice.