Academy Sports and Outdoors (ASO) Earnings: Q2 Fiscal 2026 Results and Next Report Date

The quarter ended August 1, 2026 and Academy Sports + Outdoors published the results on September 9, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Academy Sports + Outdoors reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Academy's fiscal year ends around the end of January, so fiscal 2026 runs to January 30, 2027 and Q2 fiscal 2026 is the 13 weeks ended August 1, 2026. Academy reports in thousands of dollars; figures here are converted to millions.
• Q2 gross margin includes $83.7 million of IEEPA tariff refunds, while $72.2 million paid to the buyer of part of Academy's refund rights sits in other expense. Academy put the net tariff refund impact on EPS at $0.06, including reinvestments.

Source: Academy Sports + Outdoors Q2 fiscal 2026 results, September 9, 2026. Also in the Form 10-Q for the quarter ended August 1, 2026. Figures as reported; checked against the release on November 10, 2026.

How Academy Sports + Outdoors splits revenue in its own release, under its own labels, for Q2 fiscal 2026 against Q2 fiscal 2025. Indented lines are parts of the line above them.

• Academy Sports + Outdoors's Outdoors revenue was $469 million in Q2 fiscal 2026, up 4% from $449 million in Q2 fiscal 2025, 28% of total revenue.
• Academy Sports + Outdoors's Sports and recreation revenue was $393 million in Q2 fiscal 2026, up 6% from $370 million in Q2 fiscal 2025, 24% of total revenue.
• Academy Sports + Outdoors's Apparel revenue was $452 million in Q2 fiscal 2026, flat on $451 million in Q2 fiscal 2025, 27% of total revenue.
• Academy Sports + Outdoors's Footwear revenue was $320 million in Q2 fiscal 2026, down 1% from $323 million in Q2 fiscal 2025, 19% of total revenue.
• Academy Sports + Outdoors's Other sales revenue was $13.7 million in Q2 fiscal 2026, up 103% from $6.7 million in Q2 fiscal 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q2 fiscal 2026 release, Academy Sports + Outdoors said:

“Company Affirms Sales and Raises EPS Guidance”

“Academy is providing the following updated guidance for fiscal 2026 (i.e., year ending January 30, 2027), as compared to the guidance given on June 9, 2026.”

“The earnings per share estimates do not include any potential future share repurchases and assume a tax rate of approximately 22.0%.”

Source: Academy Q2 FY26 release, Sep 9, 2026.

This is the company's own guidance as of Sep 9, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ASO forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales and GAAP diluted EPS, each as first reported in that quarter's release.

Academy Sports + Outdoors's next report is expected around December 8, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2026 (this page), reported Sep 9, 2026

Academy Sports + Outdoors reports net sales by merchandise division. Of the $1,647.3 million total in Q2 fiscal 2026, Outdoors brought in $468.6 million, Apparel $451.9 million, Sports and recreation $393.1 million and Footwear $319.9 million, with $13.7 million of other sales, mainly credit card income. Net sales rose 3.0%: sports and recreation grew 6.3% and outdoor 4.4%, footwear fell 1.0% and apparel was relatively constant. (Academy Form 10-Q, Q2 FY26, Sep 9, 2026; Academy Q2 FY26 release, Sep 9, 2026)

Academy's comparable sales fell 0.4%, because comparable transactions fell 5.3% while average ticket rose 4.9%. Footwear and apparel comparable sales were lower and sports and recreation and outdoor were higher. E-commerce net sales were 12.1% of merchandise sales, against 10.9% a year earlier. (Academy Form 10-Q, Q2 FY26, Sep 9, 2026)

Academy has opened 21 stores since the end of Q2 fiscal 2025, three of them in Q2 fiscal 2026, and those 21 generated $61.5 million of net sales in the quarter. Of the 68 stores opened since 2022, the 47 open at least twelve months averaged approximately $13 million in net sales per store over the last twelve months. Academy ended the quarter with 327 stores and plans to open eleven in Q3. (Academy Form 10-Q, Q2 FY26, Sep 9, 2026; Academy Q2 FY26 release, Sep 9, 2026)

Academy operated 322 stores across 21 contiguous states at January 31, 2026, and sells national brands alongside 19 private label brands. In fiscal 2025 outdoor was 31% of net sales, sports and recreation 22%, apparel 27% and footwear 20%. Academy says its softgoods divisions (apparel and footwear) carry higher margins than its hardgoods divisions (outdoors and sports and recreation), so the division mix moves the gross margin rate. (Academy Form 10-K, fiscal 2025, Mar 17, 2026; Academy Form 10-Q, Q2 FY26, Sep 9, 2026)

Academy's GAAP diluted EPS rose 17.3% to $2.17 and adjusted EPS rose 19.1% to $2.31. Adjusted net income excludes equity compensation ($9.3 million) and a $1.9 million loss on early retirement of debt, net of $2.6 million of tax effects. The debt loss came from issuing $500 million of 5.875% Senior Secured Notes due 2031 to redeem the 2020 Notes and repay the Term Loan. (Academy Q2 FY26 release, Sep 9, 2026; Academy Form 10-Q, Q2 FY26, Sep 9, 2026)

Tariff refunds moved both gross margin and other expense. Academy received $83.7 million of IEEPA tariff refunds from CBP, recorded as a reduction to cost of goods sold, which added 510 basis points to a gross margin of 40.4% (36.0% a year earlier), and it reinvested 70 basis points into pricing. Because it had sold part of its refund rights in 2025, $72.2 million was paid to the buyer and booked in other expense, partly offset by $10.5 million of proceeds recognized from that sale. (Academy Form 10-Q, Q2 FY26, Sep 9, 2026; Academy Q2 FY26 release, Sep 9, 2026)

Buybacks cut Academy's diluted share count to 63,551 thousand from 67,689 thousand a year earlier. It repurchased 1,608,528 shares for $82.9 million in Q2 fiscal 2026 and had $256.1 million left under its 2024 Share Repurchase Program. The effective tax rate was 22.7%, against 23.9%. (Academy Q2 FY26 release, Sep 9, 2026; Academy Form 10-Q, Q2 FY26, Sep 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Academy gives full-year guidance in its release. For fiscal 2026 it kept net sales at $6,230 to $6,355 million and comparable sales between flat and up 2.0%, raised the gross margin rate range to 35.5% to 36.0% (from 34.5% to 35.0%), and raised GAAP diluted EPS to $6.05 to $6.45 (from $5.95 to $6.35) and adjusted EPS to $6.50 to $6.90 (from $6.40 to $6.80). (Academy Q2 FY26 release, Sep 9, 2026)

Academy also lowered its diluted share assumption to 64.5 million from 66 million and raised adjusted free cash flow guidance to $300 to $350 million from $250 to $300 million. The EPS ranges exclude any future share repurchases and assume a tax rate of approximately 22.0%. (Academy Q2 FY26 release, Sep 9, 2026)

A consensus figure is the average of the models published by the analysts who cover Academy Sports + Outdoors, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Academy Sports + Outdoors's own release and filings put weight on for Q2 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ASO is on is ASO a buy or a sell?, what analysts expect next is on the ASO forecast, and what the company does is on the Academy Sports and Outdoors (ASO) stock page.

Every number on this page can be traced to a document Academy Sports + Outdoors published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.