Academy Sports and Outdoors (NASDAQ:ASO) shares climbed more than 11% in premarket trading on Wednesday after the sporting goods retailer reported second-quarter earnings above Wall Street expectations and raised its full-year profit guidance.
Adjusted earnings per share came in at $2.31, ahead of the analyst consensus of $2.08. Revenue reached $1.65 billion, broadly matching market expectations and increasing 3.0% from $1.60 billion in the same period a year earlier.
Comparable sales declined 0.4%, reflecting continued pressure on consumer spending, particularly among lower-income households. However, digital sales remained a source of growth, with eCommerce revenue increasing 12.8% during the quarter.
“We delivered another quarter of profitable growth, with net sales increasing 3.0%,” Chief Executive Officer Steve Lawrence said. “We are reinvesting tariff-related benefits into value, expanding compelling new brands and categories, and accelerating initiatives across stores, omni-channel and loyalty.”
Academy Sports raises full-year EPS forecast
Following the second-quarter performance, Academy Sports increased its fiscal 2026 adjusted earnings guidance to between $6.50 and $6.90 per share, compared with its previous forecast of $6.40 to $6.80.
The midpoint of the new range stands at $6.70, representing a $0.10 increase from the previous guidance midpoint.
The company maintained its full-year net sales forecast of between $6.23 billion and $6.36 billion.
GAAP diluted earnings per share increased 17.3% to $2.17 from $1.85 in the comparable period last year. Results included a net benefit of $0.06 per share related to tariff refunds after associated reinvestments.
The combination of a quarterly earnings beat and higher full-year profit expectations supported the sharp premarket rise in Academy Sports shares, despite continued softness in comparable sales.
Academy Sports and Outdoors stock price
