Q1 27 EPS
$0.93
BEAT +1.42%
Est. $0.92
Q1 27 Revenue
$1.44B
BEAT +0.08%
Est. $1.44B
vs S&P Since Q1 27
-15.9%
TRAILING MARKET
ASO -12.3% vs S&P +3.6%
Market Reaction
Did ASO Beat Earnings? Q1 2027 Results
Academy Sports & Outdoors kicked off fiscal 2026 on firm footing, posting first-quarter adjusted diluted EPS of $0.93 against a consensus estimate of $0.92, a 1.42% beat, while revenue of $1.44 billion edged past expectations by 0.08% and grew 6.7% y… Read more Academy Sports & Outdoors kicked off fiscal 2026 on firm footing, posting first-quarter adjusted diluted EPS of $0.93 against a consensus estimate of $0.92, a 1.42% beat, while revenue of $1.44 billion edged past expectations by 0.08% and grew 6.7% year over year. The headline driver was a 2.9% comparable-sales gain, a meaningful swing from the -3.7% comp decline recorded in the prior-year period, as both traffic and average ticket improved. ECommerce contributed to the momentum with a 17.4% sales surge, and disciplined inventory management, with per-store unit inventory down 6.8%, helped preserve operational efficiency even as gross margin dipped roughly 80 basis points to 33.2%. GAAP net income rose 14.3% to $52.70 million, supported in part by an aggressive $99.30 million share repurchase program that reduced the diluted share count to 65.9 million. Encouraged by the Q1 results, management raised the low end of its full-year net sales guidance to $6.23 billion to $6.36 billion and lifted its adjusted diluted EPS outlook to $6.40 to $6.80, while noting that inflationary pressures on consumers will require continued vigilance through the remainder of the year.
Key Takeaways
- • Total sales growth of 6.7% driven by increases in both traffic and average ticket
- • Comparable sales growth of 2.9% vs. -3.7% in the prior year quarter
- • eCommerce sales increase of 17.4%
- • New stores comping positive high single digits
- • Inventory per store down 6.8% in units and 0.8% in dollars, signaling disciplined inventory management
- • Share count reduction from 68,170 to 65,945 diluted shares driving EPS leverage
ASO Forward Guidance & Outlook
Academy raised the low end of its full-year fiscal 2026 guidance (year ending January 30, 2027). Updated net sales guidance is $6,230M to $6,355M (previously $6,175M to $6,355M), with sales growth of 3.0% to 5.0%. Comparable sales are now expected at flat to +2.0% (previously -1.0% to +2.0%). Gross margin rate is guided at 34.5% to 35.0%. GAAP net income is expected at $390M to $415M, with GAAP diluted EPS of $5.95 to $6.35. Adjusted diluted EPS is guided at $6.40 to $6.80 (previously $6.10 to $6.60). Adjusted net income is expected at $420M to $445M. Capital expenditures are guided at $200M to $240M, and adjusted free cash flow at $250M to $300M. The company plans to open 20-25 new stores in fiscal 2026, with three in Q2 and 15-20 in the second half. Management remains cautious about the macroeconomic environment, expecting continued inflationary pressures on consumer spending through the remainder of the year.
ASO YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
“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.”
— Steve Lawrence, Q1 2027 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% |