Academy Sports Raises FY26 Sales Guidance, Q1 E-Commerce Sales Jump 17.4%
ASO•Academy Sports posted Q1 net sales of $1.44 billion, up 6.7%, with comparable-store sales rising 2.9% and e-commerce revenue up 17.4%, driving net income of $52.7 million (+14.3%) and adjusted EPS of $0.93 (+22.4%). The company raised FY26 net sales guidance to $6.23–6.36 billion and lifted diluted EPS outlook to $5.95–6.35.
1. Strong Q1 Sales and Profit Growth
Academy Sports posted Q1 net sales of $1.44 billion, up 6.7% year-over-year, with comparable-store sales rising 2.9% after a prior-year decline and e-commerce revenue increasing 17.4%.
2. Significant Earnings Gains
Net income climbed 14.3% to $52.7 million, diluted EPS grew 17.6% to $0.80, and adjusted EPS jumped 22.4% to $0.93, reflecting higher customer traffic and larger transaction sizes.
3. FY26 Guidance Raised
The company raised the low end of its FY26 net sales forecast to $6.23 billion from $6.18 billion, kept the top end at $6.36 billion, and now expects diluted EPS of $5.95–6.35 (prior $5.65–6.15) with adjusted EPS of $6.40–6.80.
4. Cash Position and Expansion Plans
The retailer ended the quarter with $337.8 million in cash, repurchased $99 million of stock, paid $9.6 million in dividends, and plans to open three new stores in Q2 plus 15–20 more in the second half, bringing total locations to 324.
