The strong Q1 beat on revenue and comps, combined with raised full-year guidance, signals accelerating operational momentum. Watch for continued comp improvement and margin stability in Q2; the raised guidance low-end implies management sees Q1 strength as sustainable. The 17.4% eCommerce growth and inventory discipline are positive structural signals.
Price Chart
Executive Summary
Academy Sports & Outdoors reported strong Q1 FY2026 results with net sales of $1.442B (+6.7% YoY), comparable sales growth of 2.9% (vs -3.7% last year), GAAP diluted EPS of $0.80 (+17.6% YoY), and adjusted diluted EPS of $0.93 (+22.4% YoY). The company raised the low end of its full-year FY2026 guidance, now expecting net sales of $6.23B-$6.355B (vs prior $6.175B-$6.355B) and GAAP EPS of $5.95-$6.35 (vs prior $5.65-$6.15), reflecting confidence in momentum despite persistent consumer inflationary pressures.
Key Financial Metrics
Key Facts
- Q1 FY2026 net sales $1.442B, +6.7% YoY; comparable sales +2.9% vs -3.7% YoY
- GAAP diluted EPS $0.80, +17.6% YoY; adjusted diluted EPS $0.93, +22.4% YoY
- eCommerce sales increased 17.4% YoY
- Raised FY2026 guidance: net sales $6.23B-$6.355B (midpoint +4.0% vs FY2025), GAAP EPS $5.95-$6.35 (midpoint +11.0% vs FY2025)
- Adjusted EPS guidance raised to $6.40-$6.80 (midpoint +14.2% vs FY2025)
- Q1 share repurchases of $99.3M; quarterly dividend maintained at $0.15/share
- Opened 2 new stores in Q1; plans 20-25 total new stores in FY2026
- Inventory per store down 6.8% in units and 0.8% in dollars YoY
Financial Impact
Q1 revenue beat by ~$2M vs $1.44B consensus; GAAP EPS of $0.80 vs consensus $0.92 (miss of 13.0%); adjusted EPS of $0.93 vs consensus $0.92 (beat of 1.1%). Full-year guidance raised by ~$55M at low end of revenue and $0.30 at low end of GAAP EPS.
Risk Factors
- Consumer spending remains under pressure from inflation and higher interest rates, which could weigh on H2 performance
- Gross margin contracted 80bps YoY to 33.2% (from 34.0%), partly due to mix shift and promotional activity
- SG&A grew 3.9% YoY as a percentage of sales, outpacing revenue growth rate
- Inventory dollars up 6.1% YoY despite unit declines, suggesting higher-cost inventory
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001817358-26-000105 |
| Document: aso-20260609.htm | 0001817358-26-000105 |
| Document: q126earningspresentation.htm | 0001817358-26-000105 |
| Document: 0001817358-26-000105-index-headers.html | 0001817358-26-000105 |
| Document: 0001817358-26-000105-index.html | 0001817358-26-000105 |
| Document: 0001817358-26-000105.txt | 0001817358-26-000105 |
| 8-K Data (Synthetic) | 0001817358-26-000105 |
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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