📈 Price History

Ratio Health

— Excellent

— Good

— Average

— Poor

By Category

📊 Peer Medians

About

Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company’s outdoors division comprises camping products, such as coolers and drinkware, camping accessories and equipment, and watersports and equipment; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment. Its sports and recreation division offers fitness equipment, fitness accessories, and nutrition supplies; team and specialty sports equipment, including baseball, football, basketball, soccer, golf, racket sports, volleyball, backpacks, and sports bags; recreation products, which includes patio furniture, outdoor cooking, trampolines, and play sets, as well as wheeled goods that include bicycles, skateboards, and other ride-on toys; and electronics, watches, and sunglasses, as well as front-end products, such as consumables, batteries, etc. The company’s apparel division provides outdoor and seasonal apparel, denim, work apparel, graphic t-shirts, accessories, and outerwear; boys and girls outdoor, and athletic apparel and swimwear; sporting and fitness apparel; and professional and collegiate team licensed apparel and accessories. Its footwear division offers casual shoes, slippers, seasonal footwear, and socks; work and western boots, shoes, and hunting footwear; boys and girls footwear; athletic footwear, such as running shoes, athletic lifestyle, and training shoes; and team and specialty sports footwear, and slides. The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, Game Winner, Outdoor Gourmet, Freely, R.O.W., Redfield, and H2OX brand names. Academy Sports and Outdoors, Inc. was founded in 1938 and is headquartered in Katy, Texas.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

See full financials →

📊 Quick Scorecard

Loading…

⭐ Superinvestors Holding ASO

View All Superinvestors →

Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	205.3K	$11.6M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific ~ Volatile 4 quarters analysed

Q1 2026

Cautious

Management repeatedly emphasized uncertainty from tariffs and fragile consumer, widening guidance to account for multiple scenarios, and described consumer shopping patterns as 'choppy' and 'under pressure.' While they highlighted proactive mitigation actions and positive trends (e.g., trade-down from higher income), the overall language was measured and defensive about downside risks.

Q2 2026

Mixed

Management conveys confidence in sequential improvement ("step-change improvement", "best comps in many quarters") and market share gains, but qualifies with caution on consumer health ("wildcard is just the consumer health") and macroeconomic fluidity ("it's a fluid environment").

Q3 2026

Confident Specific

Management repeatedly uses phrases like 'our strategies are working and continue to accelerate', 'knocking it out of the park', 'I'm extremely optimistic', and provides specific numbers on AURs, comps by cohort, and margin drivers.

Q4 2026 latest

Confident Specific

Management repeatedly cited specific metrics (AUR up 10%, gross margin +140 bps, e-com +13.6%, RFID-driven in-stock improvement +500 bps) and provided detailed multi-year initiatives. They acknowledged macro headwinds but framed internal actions as sufficient to drive growth, with concrete guidance ranges for 2026.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears modestly stronger after this call. Management provided concrete 2026 guidance with a clear path back to positive comparable sales, supported by measurable self-help initiatives (new store waterfall, e-commerce acceleration, unified loyalty) that are already showing green shoots. The disciplined AUR management and margin expansion in 2025 demonstrate pricing power. However, the persistent weakness in lower-income consumer traffic and reliance on macro tailwinds (tax refunds, external events) to reach the high end of guidance introduce uncertainty. The key variable to watch next quarter will be the pace of same-store sales progression as first-half comparisons ease, adoption of the new MasterCard loyalty tier, and any further tariff or gas price shocks to consumer spending. Overall, the call reinforces the medium-term growth story while acknowledging near-term headwinds — thesis unchanged but with a slightly higher conviction that internal drivers can offset macro pressure.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED Academy Sports + Outdoors reports Q4 sales of $1.7B, FY25 revenue $6.05B, guides FY26 sales growth of 2-5%.

Revenue & Profitability

Q4 net sales were $1.7B, up 2.5% year-over-year, with a comparable sales decline of 1.6%. Net income for the quarter was $133.7M, or diluted EPS of $1.98. For fiscal 2025, total sales reached $6.05B, up 2%. The company provided fiscal 2026 guidance: net sales of $6.18B to $6.36B (2-5% growth), comparable sales of -1% to +2%, GAAP net income of $380M to $415M, and adjusted diluted EPS of $6.10 to $6.60.

Outlook

Management expects the consumer discretionary spending environment to remain challenging for lower- and middle-income households, with inflationary pressures on imported goods persisting through the first half of fiscal 2026. Tailwinds include higher tax refunds, the 2026 World Cup (30 matches in the U.S.), and the 250th anniversary of the United States. Gas prices and tariffs are noted as potential headwinds. The company anticipates that internal initiatives will support the midpoint of its guidance.

Growth Drivers

Key growth levers include 20-25 new store openings in fiscal 2026, e-commerce growth of 13.6% in fiscal 2025 (with further AI enhancements planned), the relaunch of the Academy credit card (including a new MasterCard tier) in Q2, expansion of Jordan brand shop concepts to over 200 doors, and growth in work/western wear and baseball lifestyle categories. RFID expansion to private label apparel and footwear will cover roughly one-third of sales.

Balance Sheet & CapEx

For fiscal 2026, capital expenditures are expected to be $200M to $240M, primarily for strategic growth initiatives. This compares to $172M reinvested in fiscal 2025. Adjusted free cash flow for fiscal 2026 is projected at $250M to $300M. Investments include new store construction (20-25 stores), digital transformation (AI-based search, semantic search platform), and supply chain technology (Manhattan Active warehouse management rollout planned for later years).

Margins

Gross margin for fiscal 2025 was 34.8%, up 90 basis points year-over-year, with Q4 gross margin at 33.6% (up 140 basis points). For fiscal 2026, gross margin is expected to be 34.5% to 35.0%. Margin expansion is driven by supply chain efficiencies, merchandising mix (e.g., Nike, Jordan), and shrink improvement from RFID. SG&A is expected to achieve modest leverage as store unit growth annualizes.

Key Risks

Management cited continued muted discretionary consumer spending, inflationary pressures on imported goods (especially tariffs in the first half of fiscal 2026), elevated gas prices, credit card delinquencies (doubled versus end of 2024), and weak job growth. Weather-related disruptions (e.g., winter storms in January) and geopolitical events (e.g., war) were also noted as risks that could impact demand or costs.

Generated by AI · Q4 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

🔍

🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q1 2027 Q1 2027 2026-06-09

Q1 2026 saw 6.7% sales growth and 2.9% comp increase, led by strong e-commerce and outdoor categories. Guidance was raised for the year, with initiatives in loyalty, omni-channel, and new categories expected to offset ongoing inflation and tariff pressures.

Q4 2026 Q4 2026 2026-03-17

Q4 and FY25 saw sales growth, margin expansion, and strong digital and loyalty gains, despite macro headwinds. FY26 guidance calls for 2–5% sales growth, margin improvement, and continued investment in stores, digital, and premium brands, with macro events and internal initiatives expected to drive results.

Q3 2026 Q3 2026 2025-12-09

Q3 net sales rose 3% to $1.38B, with gross margin up 170 bps and e-commerce up 22%. High-income customers now drive 40% of sales, new stores and premium brands are fueling growth, and FY25 comp sales guidance is narrowed to -2% to flat.

Q2 2026 Q2 2026 2025-09-02

Q2 sales rose 3.3% to $1.6B, with comp sales up 0.2% and e-commerce up 18%. Gross margin held at 36%, and guidance for FY25 comp sales tightened to -3% to +1%. Higher-income consumers are driving growth, and tariff mitigation strategies are in place.

Q1 2026 Q1 2026 2025-06-10

Q1 sales declined 0.9% year-over-year to $1.35B, but e-commerce grew 10% and April comps turned positive, driven by new brand launches and higher-income customer growth. Gross margin improved to 34%, and FY25 guidance was widened to reflect tariff and consumer uncertainties.

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯

Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.

📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.