Academy Sports and Outdoors, Inc. (ASO) Tops Q2 Earnings Estimates

Academy Sports and Outdoors (ASO) reported second-quarter earnings of $2.31 per share, topping the Zacks Consensus Estimate of $2.1 and beating last year’s $1.94, on an adjusted basis for non-recurring items. The result implied an earnings surprise of +10.00%. Revenue came in at $1.65 billion for the quarter ended July 2026, slightly below expectations by 0.45% and compared with $1.6 billion a year earlier. Over the last four quarters, ASO has exceeded consensus EPS estimates three times. The stock has fallen about 10.5% year-to-date, versus the S&P 500 up 12.1%. Zacks expects near-term underperformance, assigning a Zacks Rank #4 (Sell), citing an unfavorable trend in estimate revisions leading into the release. Future moves hinge on management’s commentary during the earnings call.