Academy Sports & Outdoor Q2 Results: Revenue Misses Expectations, Raises Full-Year Guidance

Academy Sports & Outdoor (ASO) reported Q2 CY2025 revenue of $1.6 billion, a 3.3% YoY increase, but missed analyst estimates. Non-GAAP EPS was $1.94, down 9.1% from expectations. The company raised its full-year revenue guidance to $6.13 billion and adjusted EPS to $5.95. Management cited growth in e-commerce, new store openings, and gains in higher-income customer segments as positives, but acknowledged ongoing inflationary pressures and cautious consumer spending.

Academy Sports & Outdoor (ASO), a leading sporting goods retailer, reported its Q2 CY2025 earnings on September 02, 2025. The company's revenue came in at $1.6 billion, representing a 3.3% year-over-year (YoY) increase, but this figure fell short of analyst expectations. The non-GAAP earnings per share (EPS) of $1.94 was 9.1% below the consensus estimate. Despite the quarterly miss, ASO raised its full-year revenue guidance to $6.13 billion and adjusted EPS to $5.95 [1].

The company's Chief Executive Officer, Steve Lawrence, attributed the positive sales inflection in the quarter to steady business improvements and strategic initiatives. He highlighted the company's diversified assortment and value proposition, which have resonated with customers and allowed ASO to gain market share in the first half of the year. However, Lawrence also acknowledged ongoing inflationary pressures and cautious consumer spending as challenges [1].

ASO's aggressive physical expansion strategy, which has seen it open new stores at an average annual growth rate of 5.8% over the past two years, has historically masked underlying softness in demand. Same-store sales have averaged annual declines of 4.5% over the same period. In the latest quarter, same-store sales were reported as flat, indicating a potential stabilization in demand [2].

Looking ahead, sell-side analysts project revenue growth of 5.6% over the next 12 months, which would mark a significant acceleration and suggest confidence in the company's newer product offerings and market share gains [1].

References:
[1] https://finance.yahoo.com/news/academy-sports-nasdaq-aso-misses-121006262.html
[2] https://www.indexbox.io/blog/academy-sports-outdoor-q2-earnings-miss-estimates-revenue-up-33/