Academy Sports and Outdoors (NASDAQ:ASO) Announces Quarterly Earnings Results

Academy Sports and Outdoors (NASDAQ:ASO) issued its quarterly earnings data on Tuesday. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02, FiscalAI reports. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Academy Sports and Outdoors updated its FY 2026 guidance to 6.400-6.800 EPS.

Here are the key takeaways from Academy Sports and Outdoors’ conference call:

• Academy returned to comp growth in Q1, with net sales of $1.44 billion, up 6.7% and comparable sales up 2.9%. Management said results were broad-based across divisions and came in toward the high end of their prior range.
• E-commerce remained a standout, rising more than 17% and gaining 100 basis points of penetration. The company expects online momentum to continue as it expands endless aisle, same-day delivery, and AI-powered search.
• Management raised full-year sales guidance to 3%–5% growth and flat to up 2% comps, citing strong Q1 execution and the contribution from strategic initiatives. They also lifted the midpoint of net income guidance and expect EPS growth of over 10% versus fiscal 2025.
• Gross margin was pressured by tariffs, with Q1 margin down 71 basis points year over year. The company said tariff pressure should be heaviest in Q1 and then ease through the rest of 2026, helping margins improve in the back half.
• New growth initiatives are gaining traction, including the relaunch of My Academy Rewards, new store openings, and expansion of brands like Jordan, Ariat, and suppressors in shooting sports. Management said these initiatives, along with strong value positioning, are expected to support results despite a pressured consumer.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $49.88 on Thursday. The firm has a 50 day moving average of $54.25 and a 200-day moving average of $54.70. The stock has a market capitalization of $3.22 billion, a PE ratio of 8.78, a PEG ratio of 0.78 and a beta of 1.04. The company has a current ratio of 1.68, a quick ratio of 0.44 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors has a 12 month low of $41.29 and a 12 month high of $62.44.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th will be given a $0.15 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. Academy Sports and Outdoors’s payout ratio is presently 10.79%.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total transaction of $240,000.00. Following the sale, the director directly owned 7,835 shares of the company’s stock, valued at approximately $470,100. The trade was a 33.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.62% of the company’s stock.

Institutional Investors Weigh In On Academy Sports and Outdoors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $61,000. EverSource Wealth Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after purchasing an additional 657 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Academy Sports and Outdoors by 12.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company’s stock valued at $86,000 after purchasing an additional 188 shares during the last quarter. Strs Ohio bought a new stake in shares of Academy Sports and Outdoors during the 1st quarter valued at approximately $128,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Academy Sports and Outdoors by 12.4% during the 2nd quarter. Lazard Asset Management LLC now owns 3,270 shares of the company’s stock valued at $146,000 after purchasing an additional 360 shares during the last quarter.

Trending Headlines about Academy Sports and Outdoors

Here are the key news stories impacting Academy Sports and Outdoors this week:

• Positive Sentiment: Academy Sports reported Q1 adjusted EPS of $0.93, topping estimates, while revenue of $1.44 billion matched expectations and rose 6.7% year over year. Comparable sales increased 2.9%, e-commerce sales climbed 17.4%, and the company said traffic and average ticket both improved. Article Title
• Positive Sentiment: The company raised FY2026 guidance, signaling management expects momentum to continue after the strong quarter. The outlook helped support the bull case after the earnings release. Article Title
• Neutral Sentiment: Several recap articles and transcript/presentation links highlight investor focus on the Q1 call, including the company’s expansion plans, new-store openings, and continued e-commerce growth. Article Title
• Neutral Sentiment: Analysts were mixed-to-cautious, with JPMorgan cutting its price target to $59 from $60 and Truist lowering its target to $52 from $54, while keeping neutral/hold views. Those moves suggest the market is still debating how much upside remains after the rally on earnings. Article Title
• Negative Sentiment: Management also warned that consumers may remain squeezed through 2026, with lower-income demand and higher gas prices cited as risks. That caution is tempering enthusiasm for the stronger quarter and guidance raise. Article Title

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barclays lifted their price objective on shares of Academy Sports and Outdoors from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. Jefferies Financial Group restated a “buy” rating and issued a $61.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. Truist Financial dropped their target price on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group dropped their target price on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.25.

About Academy Sports and Outdoors

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.