Academy Sports Lifts FY26 Outlook After Q2 Profit Gain
Academy Sports & Outdoors raised its FY26 profit targets after a Q2 beat driven by tariff refunds and a 12.8% jump in e-commerce, despite ongoing pressure from lower-income consumers. The company shares rallied 7.2% as management highlighted strategic pricing investments and a successful loyalty program relaunch as key drivers for market share gains.
According to GN markets/earnings (en-US), Academy Sports disclosed that e-commerce sales surged 12.8% in Q2, while traffic from households earning under $50,000 declined by high single digits. Management noted that shifting tax-free weekends negatively impacted Q2 results, though they expect a more promotional environment in the latter half of the year to support demand.
Source: GN markets/earnings (en-US)According to GN markets/earnings (en-US), shares surged 7.2% in Wednesday's trading as the company raised its fiscal 2026 adjusted EPS guidance to a range of $6.50-$6.90, surpassing the FactSet consensus of $6.43. The retailer highlighted that it has reinvested $10.9 million of its $83.7 million tariff refund into pricing strategies and new brand expansions to offset ongoing consumer spending softness.
Source: GN markets/earnings (en-US)Academy Sports & Outdoors reported higher second-quarter net income and adjusted EPS, attributing the growth to strategic category focus and a significant tariff refund.
Source: GN markets/earnings (en-US)
