Academy Sports and Outdoors' Q2 adj EPS beats estimates, outlook raised - ASO News | RalliesAcademy Sports and Outdoors' Q2 adj EPS beats estimates, outlook raised
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ASO• Outlook
- Academy affirms fiscal 2026 net sales guidance of $6.23 bln to $6.36 bln
- Company raises fiscal 2026 adjusted diluted EPS guidance
Overview
- US sporting goods retailer's Q2 net sales rose 3%
- Adjusted EPS for Q2 beat analyst expectations, rising 19% yr/yr
- Company opened three new stores and raised EPS guidance for fiscal 2026
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Net sales | Meet | $1.65 bln | $1.65 bln (17 Analysts) |
| Q2 Adjusted EPS | Beat | $2.31 | $2.08 (17 Analysts) |
Result Drivers
- Consumer spending pressure - Co said consumer spending remains pressured, particularly among lower-income households
- Ecommerce growth - eCommerce sales rose 12.8% in the quarter
- New store contribution - Co said new stores delivered mid single-digit positive comparable sales
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