The strong Q1 beat and guidance raise support a bullish near-term view, but margin compression and cautious consumer commentary suggest limited upside. Watch for Q2 store openings and any further guidance updates; the stock may gap up on the beat but could fade if macro headwinds persist.
Price Chart
Executive Summary
Academy Sports reported Q1 2026 EPS of $0.80 GAAP ($0.93 adjusted), well above the $0.92 consensus, on revenue of $1.442B vs $1.44B consensus. Comparable sales turned positive at +2.9% vs -3.7% a year ago, and the company raised the low end of full-year guidance. The strong beat and guidance raise are positive, but management flagged ongoing consumer pressure, keeping the outlook cautious.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP EPS $0.80 vs consensus $0.92 (beat by 114.8% on adjusted basis $0.93 vs $0.92)
- Revenue $1.442B vs consensus $1.44B, up 6.7% YoY
- Comparable sales +2.9% vs -3.7% YoY, a 660 bps improvement
- eCommerce sales grew 17.4%
- Raised FY2026 GAAP EPS guidance to $5.95-$6.35 from $5.65-$6.15; adjusted EPS to $6.40-$6.80 from $6.10-$6.60
- Gross margin contracted 80 bps to 33.2% from 34.0% due to cost pressures
- Operating cash flow $160.6M, up from $157.5M; free cash flow $121.6M vs $106.5M
- Share repurchases of $99.3M in Q1; quarterly dividend declared at $0.15/share
Financial Impact
EPS beat consensus by ~1.1% on adjusted basis; revenue beat by ~0.1%; guidance raised ~11% at midpoint for GAAP EPS
Risk Factors
- Gross margin contraction of 80 bps YoY from cost pressures and inflation
- Management expects consumer pressure to continue through 2026
- Comparable sales guidance midpoint at 1.0% implies deceleration from Q1's 2.9%
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3308753 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 144 | $50.44 $49.50 | ▼ −1.86% | ▼ −2.68% | $48.73 (−3.39%) |
Sep 14, 2026 18d ago | 144 | $54.25 $48.49 | ▼ −10.62% | ▼ −10.72% | $48.73 (−10.18%) |
Sep 9, 2026 23d ago | 8-K | $51.15 $50.42 | ▼ −1.43% | ▼ −0.33% | $48.73 (−4.73%) |
Sep 4, 2026 28d ago | Press Release | $44.94 $54.25 | ▲ +20.72% | ▲ +21.93% | $48.73 (+8.43%) |
Sep 3, 2026 29d ago | Press Release | $43.68 $55.36 | ▲ +26.74% | ▲ +27.89% | $48.73 (+11.56%) |
Aug 21, 2026 6w ago | Institutional Cluster | $45.83 $43.50 | ▼ −5.08% | ▼ −5.56% | $48.73 (+6.33%) |
Jun 11, 2026 16w ago | Institutional Cluster | $52.33 $49.62 | ▼ −5.18% | ▼ −5.61% | $48.73 (−6.88%) |
Jun 9, 2026 16w ago | 8-K | $50.37 $49.25 | ▼ −2.22% | ▼ −4.64% | $48.73 (−3.26%) |
Jun 9, 2026 16w ago | Press Release | $50.37 $49.25 | ▼ −2.22% | ▼ −4.64% | $48.73 (−3.26%) |
Jun 4, 2026 17w ago | 8-K | $51.75 $51.01 | ▼ −1.43% | ▼ −2.00% | $48.73 (−5.84%) |
US Market Status
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