Q2 26 EPS
$1.94
MISS 9.12%
Est. $2.13
Q2 26 Revenue
$1.60B
MISS 0.39%
Est. $1.61B
vs S&P Since Q2 26
-22.4%
TRAILING MARKET
ASO -5.2% vs S&P +17.2%
Market Reaction
Did ASO Beat Earnings? Q2 2026 Results
Academy Sports & Outdoors posted a mixed second quarter for fiscal 2025, missing Wall Street expectations on both the top and bottom lines as rising operating costs weighed on profitability despite a modest sales recovery. Adjusted diluted EPS came i… Read more Academy Sports & Outdoors posted a mixed second quarter for fiscal 2025, missing Wall Street expectations on both the top and bottom lines as rising operating costs weighed on profitability despite a modest sales recovery. Adjusted diluted EPS came in at $1.94, falling short of the $2.13 consensus estimate by 9.12%, while revenue of $1.60 billion trailed forecasts by 0.39%, though it still represented a 3.3% year-over-year gain. The key drag on earnings was a surge in SG&A expenses to 25.3% of sales from 23.8% a year ago, which pressured net income down 12.1% to $125.43 million. On a more encouraging note, the quarter marked a return to positive comparable sales, up 0.2%, with eCommerce climbing 17.7% and the April launch of the Jordan Brand across 145 stores adding strategic momentum. Management expressed confidence in mitigating tariff headwinds through vendor partnerships and pricing tools, and raised the low end of full-year net sales guidance to $6.00 billion, with adjusted diluted EPS now expected between $5.60 and $6.30.
Key Takeaways
- • Positive comparable sales of 0.2% — third sequential quarter of comp sales improvement
- • eCommerce sales increased 17.7%
- • New stores comping positive mid-single digits
- • Diversified assortment and strong value proposition driving market share gains
- • Jordan Brand launch across 145 doors and expanded Nike assortment
- • Nike is the company's number 1 brand by sales
ASO YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We were pleased to see sales inflect to a positive comp in the second quarter, driven by steady improvements in the business that are a result of the progress we continue to make against our strategic initiatives. Customers are gravitating to our diversified assortment and our value proposition is resonating with them, which has allowed us to pick up market share in the first half of the year.”
— Steve Lawrence, Q2 2026 Earnings Press Release
ASO Earnings Trends
ASO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ASO EPS Trend
Earnings per share: estimate vs actual
ASO Revenue Trend
Quarterly revenue: estimate vs actual
ASO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.92 | $0.93 | +1.42% | $1.44B | +0.08% |
| Q4 26 MISS FY | $2.05 | $1.97 | -4.04% | $1.72B | -2.05% |
| FY Full Year | — | $5.78 | — | $6.05B | — |
| Q3 26 BEAT | $1.06 | $1.14 | +7.49% | $1.38B | -1.61% |
| Q2 26 MISS | $2.13 | $1.94 | -9.12% | $1.60B | -0.39% |
| Q1 26 MISS | $0.89 | $0.68 | -23.70% | $1.35B | -1.51% |