Academy Sports and Outdoors jumps after raising annual profit forecast

Up to the previous close, the stock was down about 11% year to date.

Academy now expects fiscal 2026 adjusted earnings per share in the range of $6.50 to $6.90, up from its previous forecast of $6.40 to $6.80.

For the second quarter, adjusted EPS was $2.31, including a net tariff impact of 6 cents, beating analysts' estimates of $2.08, according to data compiled by LSEG.

Quarterly net sales rose 3% to $1.65 billion, in line with expectations.

Shares of sporting goods retailer Academy Sports and Outdoors, Inc. (ASO.O) jumped about 10% to $49.36 in premarket trading after the company raised its annual profit forecast following a quarterly profit beat.

The company said the stronger outlook was helped by an increased focus on its popular categories and tariff-related benefits, which it expects to reinvest to gain market share.