Academy Sports + Outdoors

ASO

Market cap $3.91B

Academy Sports & Outdoors looks inexpensive after a long slump, but weak momentum and limited upside suggest investors may need more patience before betting on a comeback.

Company hosts 40+ local events to give back across its entire footprint KATY, Texas , Dec. 19, 2025 /PRNewswire/ -- In addition to delivering legendary value and undefeatable prices this holiday season, Academy Sports + Outdoors ("Academy" or the "Company") (Nasdaq: ASO) is also focused on making a positive impact in local communities. Throughout the holidays, Academy hosted more than 40 giving events, including at least one in each of its 21-state footprint, and welcomed over 500 local families and kids into its stores to shop for great holiday gifts.

Academy Sports and Outdoors is upgraded to 'buy' following a strong Q3 earnings beat and resilient margin performance. ASO's aggressive store expansion drives revenue growth, with 25 new stores expected this year and at least 22 next year. Gross margins rose to 35.7% despite tariff pressures, while temporary SG&A and inventory increases are tied to new store openings.

Academy Sports & Outdoors (ASO) is upgraded to Buy as core business resilience, favorable consumer mix shift, and new-store momentum drive a healthier growth profile. Q3 net sales grew 3% y/y to $1.38B, with gross margin expanding 170 bps to 35.7% and adj. EPS up 16.3% y/y. High-income households now comprise ~40% of sales, with premium-brand partnerships fueling traffic and private label adoption, creating a sticky, higher-margin customer base.

Academy Sports and Outdoors, Inc (NASDAQ: ASO) reported mixed results for the third quarter on Tuesday.

Academy Sports and Outdoors, Inc. again reported subdued comparable growth in Q3. A sector downturn weighs on the retailer, but ASO's weakness is also above peers'. The comparable sales performance has shown some green shoots, raising faith in stabilization as the consumer sentiment eventually improves. ASO already returned to positive earnings growth, driven by strong gross margin gains.

Although the revenue and EPS for Academy Sports and Outdoors (ASO) give a sense of how its business performed in the quarter ended October 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Academy Sports and Outdoors, Inc. ( ASO ) Q3 2026 Earnings Call December 9, 2025 10:00 AM EST Company Participants Dan Aldridge - Vice President of Investor Relations Steven Lawrence - CEO & Director Earl Ford - Executive VP & CFO Conference Call Participants Paul Lejuez - Citigroup Inc., Research Division Pedro Gil Garcia Alejo - Morgan Stanley, Research Division Jolie Wasserman - JPMorgan Chase & Co, Research Division Emily Kech - Goldman Sachs Group, Inc., Research Division Madeline Cech - BofA Securities, Research Division John Heinbockel - Guggenheim Securities, LLC, Research Division Anna Glaessgen - B. Riley Securities, Inc., Research Division Joseph Civello - Truist Securities, Inc., Research Division Angus Kelleher-Ferguson - Barclays Bank PLC, Research Division Zachary Beeck - Robert W.

Academy Sports and Outdoors, Inc. (ASO) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.98 per share a year ago.

Third Quarter Sales Increase 3.0% ; Comparable Sales Decrease (0.9)% eCommerce Sales Increase 22.2%; New Stores Comping High Single Digits Third Quarter Diluted GAAP EPS of $1.05, +14% to last year Opened Eleven N ew Stores Across Ten States Narrows Sales & Gross Margin Guidance KATY, Texas, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) ("Academy" or the "Company") today announced its financial results for the third quarter ended November 1, 2025. "We continue to see an acceleration in our underlying growth strategies, despite the uncertain economic backdrop the consumer is facing," said Steve Lawrence, Chief Executive Officer.