Academy Sports shares jumped 11% as the retailer topped Q2 earnings estimates and lifted its full-year profit outlook, offsetting a minor dip in comparable sales with a 12.8% surge in eCommerce revenue.
Academy Sports beat Q2 EPS estimates and raised full-year profit guidance, driving shares over 11% higher premarket.
Academy Sports and Outdoors shares surged over 11% in premarket trading after the retailer reported Q2 adjusted earnings of $2.31 per share, comfortably beating the $2.08 consensus. The company raised its fiscal 2026 profit guidance to a range of $6.50 to $6.90 per share, citing strong eCommerce growth and strategic reinvestments despite a slight 0.4% decline in comparable sales.
Investors focused on the company's earnings beat and the upward revision of its full-year profit guidance, which signaled operational resilience and effective cost management.