Academy Sports & Outdoors shares gained in pre-market trading after the retailer beat profit expectations and lifted its full-year earnings outlook despite a slight decline in comparable sales.
Academy Sports & Outdoors reported Q2 earnings beat with net income up 10% and raised EPS guidance, causing shares to rise in pre-market.
Academy Sports & Outdoors reported a strong second quarter, with net income rising 10% to $137.9 million. Despite a 0.4% dip in comparable sales, the retailer raised its fiscal 2026 EPS guidance to a range of $6.05 to $6.45, citing successful execution and strategic brand expansion.
The company raised its guidance following a strong second quarter performance, where it achieved profitable growth and benefited from a tariff refund that bolstered earnings per share.