Academy Sports delivers $1.65 billion in Q2 sales

• Academy Sports + Outdoors reported fiscal second quarter 2026 net sales of $1.65 billion, up 3% year over year.
• Diluted EPS increased 17.3% to $2.17, while adjusted diluted EPS rose 19.1% to $2.31.
• The company expanded gross margin, grew eCommerce sales by 12.8%, opened three stores, and raised parts of its full-year guidance.

Academy Sports + Outdoors (NASDAQ:ASO) reported fiscal second quarter 2026 net sales of $1.65 billion, increasing 3% year over year, while earnings improved on stronger margins and digital sales growth.

Comparable sales declined 0.4% during the quarter, while eCommerce sales increased 12.8%, reflecting continued growth in the company’s digital channel.

GAAP diluted earnings per share increased to $2.17, up 17.3% year over year, while adjusted diluted EPS reached $2.31, representing a 19.1% increase and including a $0.06 benefit from net tariff refunds.

Gross margin expanded to 40.4% of sales from 36% in the prior-year quarter, while year-to-date net sales increased 4.7% to $3.09 billion.

The company opened three new stores during the quarter, bringing its total store count to 327 locations. Academy also repurchased $182.1 million of shares during the first 26 weeks of fiscal 2026.

Academy Sports + Outdoors operates a chain of sporting goods stores offering sports equipment, outdoor recreation products, apparel, footwear, and fitness merchandise.