Academy Sports & Outdoors

Academy Sports & Outdoors (ASO) Q4 2026 Earnings

Reported Mar 17, 2026 at 8:02 AM ET · SEC Source

Q4 26 EPS

$1.97

MISS 4.04%

Est. $2.05

Q4 26 Revenue

$1.72B

MISS 2.05%

Est. $1.75B

vs S&P Since Q4 26

-23.6%

TRAILING MARKET

ASO -10.0% vs S&P +13.6%

Full Year 2026 Results

FY 26 EPS

$5.78

FY 26 Revenue

$6.05B

Market Reaction

Did ASO Beat Earnings? Q4 2026 Results

Academy Sports & Outdoors delivered a softer-than-expected fourth quarter for fiscal 2025, with adjusted diluted EPS of $1.97 missing the $2.05 consensus estimate by 4.04% and revenue of $1.72 billion coming in 2.05% below the $1.75 billion Wall Stre… Read more Academy Sports & Outdoors delivered a softer-than-expected fourth quarter for fiscal 2025, with adjusted diluted EPS of $1.97 missing the $2.05 consensus estimate by 4.04% and revenue of $1.72 billion coming in 2.05% below the $1.75 billion Wall Street had anticipated, even as sales grew 2.5% year over year. The shortfall came despite notable operational bright spots, including gross margin expansion of 140 basis points to 33.6%, but higher SG&A expenses of $406.46 million weighed on the bottom line and offset much of that progress. Comparable sales declined 1.6%, though that represented an improvement from the prior year's 3.0% comp decline, and e-commerce growth of 13.6% for the full year underscored the company's ongoing omnichannel push. Jefferies maintained a Buy rating on the stock while trimming its price target to $61 following the results. Looking ahead, management guided fiscal 2026 net sales of $6.18 billion to $6.36 billion and adjusted EPS of $6.10 to $6.60, citing new store openings, loyalty program momentum, and international sporting events as key growth catalysts, while acknowledging persistent consumer financial pressure and potential tariff headwinds.

Key Takeaways

  • Gross margin expansion of 140 basis points to 33.6% in Q4
  • E-commerce segment grew 13.6% for full year
  • New store openings: 24 stores in fiscal 2025, 5 in Q4
  • Comparable sales decline improved to -1.6% from -3.0% year-over-year
  • High-income households (>$100K) now largest and fastest growing customer segment
  • In-stock optimization improved 500 basis points via assortment rationalization and RFID
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ASO YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

“This past year marked an inflection point for Academy as we continued to gain market share and moved back to topline growth. During 2025, we put in place many foundational building blocks that helped drive sales and will continue to pay dividends in 2026 and beyond.”

— Steve Lawrence, Q4 2026 Earnings Press Release