Academy Sports and Outdoors, Inc. (Nasdaq: ASO) reported financial results for the second quarter ended August 1, 2026, in a filing dated September 9, 2026. The company announced net sales of $1.647 billion for the quarter, representing a 3.0% increase compared to the same period in the prior year. Comparable sales for the period decreased by 0.4%.
On an earnings basis, the company reported diluted GAAP earnings per share (EPS) of $2.17 for the quarter, an increase of 17.3% year-over-year. Adjusted diluted EPS was reported at $2.31, up 19.1% from the prior year. The company noted that net tariff refund impacts contributed $0.06 to adjusted EPS.
For the first twenty-six weeks of fiscal 2026, net sales totaled $3.089 billion, a 4.7% increase compared to the prior year. Diluted GAAP EPS for the year-to-date period was $2.94, a 16.7% increase, while adjusted diluted EPS was $3.20, a 19.0% increase.
Academy opened three new stores during the second quarter, bringing its total store count to 327 locations. The company affirmed its sales guidance for fiscal 2026 (year ending January 30, 2027) and raised its adjusted earnings per share guidance. The updated guidance projects adjusted diluted EPS between $6.40 and $6.80, compared to the previous range of $6.50 and $6.90.
