Academy Sports and Outdoors, Inc. (ASO)

Academy Sports and Outdoors beat expectations on earnings while revenue came in line in the second fiscal quarter of 2026, reported September 9, 2026, with adjusted EPS of $2.31 topping the $2.07 estimate (+11.6%) as revenue of $1.647 billion came in line with the $1.648 billion estimate (-0.1%). Revenue rose 3.0% to roughly $1.6 billion from $1.600 billion a year ago, led by the Outdoors segment, which grew 4.4% to about $468.6 million, while Sports and recreation increased 6.3% to roughly $393.1 million; Apparel was essentially flat at around $451.9 million and Footwear dipped 1.0% to about $319.9 million. Profitability held with gross margin at +40.4% and operating margin at +15.0%, alongside gross profit of roughly $665.9 million and operating income of about $246.4 million. Net income rose 9.9% to roughly $137.9 million (up from $125.4 million a year ago), and adjusted EPS increased 19.1% from $1.94. The company generated operating cash flow of about $188.4 million, repurchased roughly $82.1 million of stock, and paid about $9.3 million in dividends. Consensus for the next period calls for EPS of $1.27 on revenue of $1.437 billion.