Academy Sports and Outdoors raised its full-year fiscal 2026 earnings per share guidance to $6.05-$6.45, with adjusted EPS of $6.50-$6.90, while reaffirming sales guidance of $6.23 billion to $6.36 billion. The company reported second-quarter sales of $1.6 billion, up 3%, with a slightly negative comp of down 0.4%, and diluted EPS of $2.17, or adjusted EPS of $2.31. Gross margin for the quarter was 40.4%, up about 440 basis points year-over-year, driven by 510 basis points from tariff refunds, partially offset by a 70 basis point negative impact from merchandise margin as the company reinvested refund proceeds into pricing. Management said it has received substantially all tariff refunds and expects no additional net P&L impact for the rest of the year, while anticipating a more promotional holiday season. The company also launched HOKA in 15 stores and online, and expanded its new category to roughly 85 doors, aiming for 135 by year-end.
Academy Sports Outdoors IncRaised FY2026 EPS guidance to $6.05-$6.45 and posted Q2 adjusted EPS of $2.31 with gross margin up 440bps on tariff refunds.
