Academy Sports (ASO) Q2 2027 Earnings Call Transcript

Academy Sports reported Q2 2027 results in its earnings call on Sept. 10, 2026. Net sales were $1.65 billion, up 3%, supported by e-commerce growth and contributions from new stores. Comparable sales fell 0.4%, with management pointing to inflation pressure on lower-income households and the timing of tax-free holiday weekends. E-commerce sales grew 12.8%, lifting penetration by 110 basis points versus the prior year. Adjusted EPS rose to $2.31, up 19.1% from $1.94. Gross margin expanded to 40.4%, driven by tariff refund benefits. The company affirmed full-year sales guidance at $6.23 billion to $6.36 billion and raised adjusted EPS guidance to $6.50–$6.90, alongside updated gross margin and free-cash-flow expectations.