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Academy Sports and Outdoors, Inc. (ASO - Free Report) came out with quarterly earnings of $2.31 per share, beating the Zacks Consensus Estimate of $2.1 per share. This compares to earnings of $1.94 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +10.00%. A quarter ago, it was expected that this company would post earnings of $0.91 per share when it actually produced earnings of $0.93, delivering a surprise of +2.2%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Academy Sports and Outdoors, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $1.65 billion for the quarter ended July 2026, missing the Zacks Consensus Estimate by 0.45%. This compares to year-ago revenues of $1.6 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Academy Sports and Outdoors shares have lost about 10.5% since the beginning of the year versus the S&P 500's gain of 12.1%.

What's Next for Academy Sports and Outdoors?While Academy Sports and Outdoors has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Academy Sports and Outdoors was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.27 on $1.43 billion in revenues for the coming quarter and $6.43 on $6.3 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Products is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

MasterCraft Boat Holdings, Inc. (MCFT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on September 10.

This sport boats maker is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of +52.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

MasterCraft Boat Holdings, Inc.'s revenues are expected to be $119.25 million, up 50% from the year-ago quarter.

Second Quarter Sales Growth of 3.0%; Comparable Sales of (0.4)%

eCommerce Sales Increase of 12.8%

New Stores Comp Positive Mid Single Digits

Second Quarter Diluted GAAP EPS of $2.17; up 17.3%; Adjusted EPS of $2.31; up 19.1%
(Net Tariff Refund Impact to EPS of $0.06, including reinvestments)

Opened Three New Stores Across Pennsylvania and Tennessee

Company Affirms Sales and Raises EPS Guidance

KATY, Texas, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) (“Academy”   or the “Company” ) today announced its financial results for the second quarter ended August 1, 2026.

“We delivered another quarter of profitable growth, with net sales increasing 3.0%. While consumer spending remains pressured, particularly among lower-income households, our team has continued to execute at a high level by focusing on the key events and categories that matter most to our customers," said Steve Lawrence, Chief Executive Officer. "We are reinvesting tariff-related benefits into value, expanding compelling new brands and categories, and accelerating initiatives across stores, omni-channel and loyalty. These actions are helping us gain market share, strengthen customer engagement and reinforce our confidence in achieving our fiscal 2026 sales and earnings objectives."

Second Quarter Operating Results
($ in millions, except per share data)Thirteen Weeks EndedChangeAugust 1, 2026 August 2, 2025%Net sales$1,647.3 $1,599.8 3.0%Comparable sales(0.4) % 0.2% Income before income tax$178.4 $164.8 8.3%Net income$137.9 $125.4 10.0%Adjusted net income (1)$146.5 $131.3 11.6%Earnings per common share, diluted$2.17 $1.85 17.3%Adjusted earnings per common share, diluted (1)$2.31 $1.94 19.1%         (1) Adjusted net income and adjusted earnings per common share (EPS), diluted are non-GAAP measures. See "Non-GAAP Measures" and "Reconciliations of GAAP to Non-GAAP Financial Measures" below for reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures.

Year-to-Date Operating Results($ in millions, except per share data)Twenty-Six Weeks Ended ChangeAugust 1, 2026August 2, 2025 %Net sales$3,089.3 $2,951.2 4.7%Comparable sales 1.1%(1.7) % Income before income tax$247.3 $227.9 8.5%Net Income$190.6 $171.5 11.1%Adjusted net income (1)$207.7 $182.9 13.6%Earnings per common share, diluted$2.94 $2.52 16.7%Adjusted earnings per common share, diluted (1)$3.20 $2.69 19.0%      (1) Adjusted net income and Adjusted earnings per common share, diluted, are non-GAAP measures. See "Non-GAAP Measures" and "Reconciliations of GAAP to Non-GAAP Financial Measures" below for reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures.

 Twenty-Six Weeks EndedChangeBalance Sheet ($ in millions)August 1, 2026August 2, 2025%Cash and cash equivalents$298.2$300.9(0.9)%
Merchandise inventories, net (1)$1,657.4$1,587.64.4%
Long-term debt, net$494.2$481.72.6%
       (1) As of August 1, 2026 inventory per store was down 5.6% in units and down 2.3% in dollars.

 Twenty-Six Weeks EndedChangeCapital Allocation ($ in millions)August 1, 2026August 2, 2025%Share repurchases (1)$182.1$99.982.3%Dividends paid$19.0$17.49.2%       (1) Includes excise tax fees of $1.6 million for the twenty-six weeks ended August 1, 2026 and $0.9 million for the twenty-six weeks ended August 2, 2025.

Subsequent to the end of the second quarter, Academy announced that its Board of Directors on September 2, 2026 declared a quarterly cash dividend with respect to the quarter ended August 1, 2026, of $0.15 per share of common stock. The dividend is payable on October 14, 2026, to stockholders of record as of the close of business on September 16, 2026.

New Store Openings
Academy opened three new stores during the second quarter, bringing its total to 327 locations. The Company plans to open eleven stores during the third quarter, with the remaining locations to be opened in the fourth quarter of fiscal 2026.

Academy Store Footprint Update

Time FrameTotal stores open at
beginning of the
periodNumber of stores
opened during the
periodNumber of stores
closed during the
periodTotal stores open at
end of period2nd Quarter 20253033—306FY 202529824—3222nd Quarter 20263243—327      Time Frame                    Total gross square
feet open at
beginning of the
period(1)Gross square feet
for stores opened
during the period(1)Gross square feet
for stores closed
during the periodTotal gross square
feet at the end of
the period(1)2nd Quarter 202520,879191 21,070FY 202520,6041,321—21,9252nd Quarter 202622,037154—22,191      (1) Figures in thousands

2026 Outlook
“Our second quarter results demonstrate the strength of the business and the discipline of our operating model. We delivered double digit EPS growth, produced strong free cash flow and continued returning capital to shareholders through both share repurchases and dividends. Importantly, we accomplished this while investing in strategic growth initiatives designed to support sustainable long-term growth,” said Carl Ford, Executive Vice President and Chief Financial Officer. “As we enter the second half of the year, our balance sheet remains strong, our growth drivers are performing well and we are well positioned to deliver within our fiscal 2026 outlook."

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. This guidance takes into account various factors, both internal and external, such as the expected benefits of the Company's growth initiatives, current consumer demand, the competitive environment, and potential impacts from inflation and other economic risks; actual results may differ materially.

 Fiscal 2026 Guidance
June 9Updated Fiscal 2026
Guidance  change
(at midpoint)(in millions, except per share amounts)Low endHigh endLow endHigh end2025
Actuals vs. 2025Net sales$6,230 $6,355 $6,230 $6,355 $6,053  4.0%        Sales Growth3.0%5.0%3.0%5.0%2.0% 100.0%        Comparable sales (1)—%2.0%—%2.0%(1.5)% 166.7%        Gross margin rate34.5%35.0%35.5%36.0%34.8% 3.0%        GAAP net income$390 $415 $390 $415 $377  6.8%        Adjusted net income (2)$420 $445 $420 $445 $393  10.1%        GAAP earnings per common share, diluted$5.95 $6.35 $6.05 $6.45 $5.54  12.8%        Adjusted earnings per common share, diluted (2)$6.40 $6.80 $6.50 $6.90 $5.78  15.9%        Diluted weighted average common shares66 66 64.5 64.5 ~68  (5.2)%        Capital Expenditures$200 $240 $200 $240 $213  3.3%        Adjusted free cash flow (2), (3)$250 $300 $300 $350 $263  23.6%                 The earnings per share estimates do not include any potential future share repurchases and assume a tax rate of approximately 22.0%.

(1) Comparable sales include stores open after thirteen full fiscal months, all e-commerce sales, and credit card revenue.

(2) Adjusted net income, adjusted earnings per common share (EPS), diluted, and adjusted free cash flow are non-GAAP measures. See "Non-GAAP Measures" and "Reconciliations of GAAP to Non-GAAP Financial Measures" below for reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures.

(3) We have not reconciled guidance for adjusted free cash flow to the most comparable GAAP measure because it is not possible to do so without unreasonable efforts given the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management's control and could be significant; therefore, we are unable to provide an estimate of the most closely comparable GAAP measure at this time.

Conference Call Info
Academy will host a conference call today at 10:00 a.m. Eastern Time to discuss its financial results and related matters. The call will be webcast at investors.academy.com. The following information is provided for those who would like to participate in the conference call:

U.S. callers 1-877-407-3982International callers1-201-493-6780Passcode13762096   A replay of the conference call will be available for approximately 30 days on the Company's website.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

Non-GAAP Measures
Adjusted EBIT, Adjusted Net Income, Adjusted Earnings per Common Share, and Adjusted Free Cash Flow have been presented in this press release as supplemental measures of financial performance that are not required by, or presented in accordance with, generally accepted accounting principles (“GAAP”). The Company believes that the presentation of these non-GAAP measures is useful to investors as they provide additional information on comparisons between periods by excluding certain items that affect overall comparability. The Company uses these non-GAAP financial measures for business planning purposes, to consider underlying trends of its business, and in measuring its performance relative to others in the market, and believes presenting these measures also provides information to investors and others for understanding and evaluating trends in the Company’s operating results or measuring performance in the same manner as the Company’s management. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP. The calculation of these non-GAAP financial measures may differ from similar measures reported by other companies and may not be comparable to other similarly titled measures. For additional information on these non-GAAP financial measures, please see our Annual Report for the fiscal year ended January 31, 2026 (the "Annual Report"), filed on March 17, 2026 and our Quarterly Report for the thirteen weeks ended August 1, 2026 to be filed on September 9, 2026 ("the Quarterly Report"), which may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at www.sec.gov.

See “Reconciliations of GAAP to Non-GAAP Financial Measures” below for reconciliations of non-GAAP financial measures presented in this press release to their most directly comparable GAAP financial measures.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy’s current expectations and are not guarantees of future performance. Forward-looking statements may incorporate words such as “believe,” “expect,", "anticipate," “forward,” “ahead,” “opportunities,” “plans,” “priorities,” “goals,” “future,” “short/long term,” “will,” “should,” or the negative version of these words or other comparable words. The forward-looking statements in this press release include, among other things, statements regarding the Company’s fiscal 2026 outlook under the caption "2026 Outlook," the Company's strategic plans and financial objectives, including the implementation of such plans, the growth of the Company's business and operations, including the opening of new stores and the expansion into new markets, the Company's payment of dividends, including the timing and the amount thereof, share repurchases by the Company, and the Company's expectations regarding its future performance and future financial condition are subject to various risks, uncertainties, assumptions, or changes in circumstances that are all difficult to predict or quantify. Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory, environmental, and other factors that could affect overall consumer spending or our industry, including the possible effects of ongoing macroeconomic challenges, inflation and higher interest rates, trade policy changes or additional tariffs, geopolitical tensions, or changes to the financial health of our customers, many of which are beyond Academy's control. These and other important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Academy's filings with the SEC, including the Annual Report, under the caption "Part 1A. Risk Factors," as may be updated from time to time in our periodic filings with the SEC. Any forward-looking statement in this press release speaks only as of the date of this release. Academy undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

Investor ContactMedia ContactDan AldridgeMeredith KleinVP, Investor RelationsVP, Communications832-739-4102346-823-6615dan.aldridge@[email protected]   ACADEMY SPORTS AND OUTDOORS, INC.CONSOLIDATED STATEMENTS OF INCOME(Unaudited)(Amounts in thousands, except per share data)  Thirteen Weeks Ended August 1, 2026 Percentage of
Sales(1) August 2, 2025 Percentage of
Sales (1)Net sales$1,647,285 100.0% $1,599,838  100.0%Cost of goods sold 981,383 59.6%  1,023,105  64.0%Gross margin 665,902 40.4%  576,733  36.0%Selling, general and administrative expenses 419,539 25.5%  404,352  25.3%Operating income 246,363 15.0%  172,381  10.8%Interest expense, net 8,056 0.5%  9,028  0.6%Loss on early retirement of debt 1,902 0.1%  —  —%Other expense (income), net 58,006 3.5%  (1,480) (0.1)%Income before income taxes 178,399 10.8%  164,833  10.3%Income tax expense 40,502 2.5%  39,399  2.5%Net income$137,897 8.4% $125,434  7.8%        Earnings Per Common Share:       Basic$2.21   $1.89   Diluted$2.17   $1.85           Weighted Average Common Shares Outstanding:       Basic 62,292    66,539   Diluted 63,551    67,689               (1) Column may not add due to rounding

ACADEMY SPORTS AND OUTDOORS, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Amounts in thousands, except per share data)
  Twenty-Six Weeks Ended August 1, 2026 Percentage of
Sales(1) August 2, 2025 Percentage of
Sales (1)Net sales$3,089,288 100.0% $2,951,247  100.0%Cost of goods sold 1,944,038 62.9%  1,915,645  64.9%Gross margin 1,145,250 37.1%  1,035,602  35.1%Selling, general and administrative expenses 824,232 26.7%  793,956  26.9%Operating income 321,018 10.4%  241,646  8.2%Interest expense, net 17,043 0.6%  18,072  0.6%Loss on early retirement of debt 1,902 0.1%  —  —%Other expense (income), net 54,785 1.8%  (4,287) (0.1)%Income before income taxes 247,288 8.0%  227,861  7.7%Income tax expense 56,688 1.8%  56,343  1.9%Net income$190,600 6.2% $171,518  5.8%        Earnings Per Common Share:       Basic$3.01   $2.57   Diluted$2.94   $2.52           Weighted Average Common Shares Outstanding:       Basic 63,362    66,831   Diluted 64,892    68,043            (1) Column may not add due to rounding

ACADEMY SPORTS AND OUTDOORS, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Amounts in thousands, except per share data)
  August 1, 2026 January 31, 2026 August 2, 2025ASSETS     CURRENT ASSETS:     Cash and cash equivalents$298,213 $330,320 $300,860Accounts receivable - less allowance for doubtful accounts of $1,592, $1,792 and $1,874, respectively 22,955  34,755  19,181Merchandise inventories, net 1,657,442  1,503,756  1,587,624Prepaid expenses and other current assets 89,897  82,457  78,257Assets held for sale 2,957  2,957  —Total current assets 2,071,464  1,954,245  1,985,922      PROPERTY AND EQUIPMENT, NET 631,834  584,103  584,045RIGHT-OF-USE ASSETS 1,292,724  1,234,246  1,206,207TRADE NAME 579,972  579,766  579,330GOODWILL 861,920  861,920  861,920OTHER NONCURRENT ASSETS 70,234  62,756  58,559Total assets$5,508,148 $5,277,036 $5,275,983      LIABILITIES AND STOCKHOLDERS' EQUITY     CURRENT LIABILITIES:     Accounts payable$751,560 $637,854 $803,309Accrued expenses and other current liabilities 302,513  243,908  266,021Current lease liabilities 134,390  147,491  139,678Current maturities of long-term debt —  3,000  3,000Total current liabilities 1,188,463  1,032,253  1,212,008      LONG-TERM DEBT, NET 494,158  480,793  481,738LONG-TERM LEASE LIABILITIES 1,340,337  1,261,167  1,217,217DEFERRED TAX LIABILITIES, NET 285,589  300,654  270,502OTHER LONG-TERM LIABILITIES 21,168  30,792  19,368Total liabilities 3,329,715  3,105,659  3,200,833      COMMITMENTS AND CONTINGENCIES           STOCKHOLDERS' EQUITY :     Preferred stock, $0.01 par value, authorized 50,000,000 shares; none issued and outstanding —  —  —Common stock, $0.01 par value, authorized 300,000,000 shares; 62,028,664; 64,945,953 and 66,625,266 issued and outstanding as of August 1, 2026, January 31, 2026 and August 2, 2025, respectively. 620  649  666Additional paid-in capital 258,973  256,351  255,517Retained earnings 1,918,840  1,914,377  1,818,967Stockholders' equity 2,178,433  2,171,377  2,075,150Total liabilities and stockholders' equity$5,508,148 $5,277,036 $5,275,983          ACADEMY SPORTS AND OUTDOORS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Amounts in thousands)
  Twenty-Six Weeks Ended August 1, 2026 August 2, 2025CASH FLOWS FROM OPERATING ACTIVITIES:   Net income$190,600  $171,518 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation and amortization 61,205   61,171 Non-cash lease expense 7,591   22,487 Equity compensation 20,419   15,144 Amortization of deferred loan and other costs 1,305   1,292 Deferred income taxes (15,065)  13,686 Loss on early retirement of debt 1,902   — Loss on tariff refund monetization 61,759   — Changes in assets and liabilities:   Accounts receivable, net 11,799   (2,421)Merchandise inventories, net (153,686)  (278,784)Prepaid expenses and other current assets (18,995)  15,311 Other noncurrent assets (5,205)  (7,617)Accounts payable 116,027   178,381 Accrued expenses and other current liabilities 21,534   29,395 Income taxes payable 46,991   7,526 Other long-term liabilities 841   8,958 Net cash provided by operating activities 349,022   236,047     CASH FLOWS FROM INVESTING ACTIVITIES:   Capital expenditures (111,258)  (107,576)Purchases of intangible assets (206)  (323)Net cash used in investing activities (111,464)  (107,899)    CASH FLOWS FROM FINANCING ACTIVITIES:   Repayment of Term Loan (85,750)  (1,500)Proceeds from Senior Notes 500,000   — Repayment of Senior Notes (400,000)  — Debt refinancing fees (9,364)  — Proceeds from exercise of stock options 805   2,646 Proceeds from issuance of common stock under employee stock purchase 2,828   2,781 Taxes paid related to net share settlement of equity awards (6,499)  (3,748)Repurchase of common stock for retirement (180,505)  (99,031)Dividends paid (18,956)  (17,365)Remittance of tariff refund claims (72,224)  — Net cash used in financing activities (269,665)  (116,217)    NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (32,107)  11,931 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 330,320   288,929 CASH AND CASH EQUIVALENTS AT END OF PERIOD$298,213  $300,860          ACADEMY SPORTS AND OUTDOORS, INC.
RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Unaudited)
(Amounts in thousands)

Adjusted EBIT

We define “Adjusted EBIT” as net income (loss) before interest expense, net, income tax expense and other adjustments included in the table below. We describe these adjustments reconciling net income (loss) to Adjusted EBIT in the following table (amounts in thousands):

  Thirteen Weeks Ended Twenty-Six Weeks Ended  August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025 Net income
$137,897 $125,434 $190,600 $171,518 Interest expense, net
 8,056  9,028  17,043  18,072 Income tax expense
 40,502  39,399  56,688  56,343 Equity compensation (a)
 9,319  7,602  20,419  15,144 Loss on early retirement of debt
 1,902  —  1,902  — Adjusted EBIT
$197,676 $181,463 $286,652 $261,077         (a)Represents non-cash charges related to equity based compensation, which vary from period to period depending on certain factors such as the timing and valuation of awards, achievement of performance targets and equity award forfeitures.
   Adjusted Net Income and Adjusted Earnings Per Common Share

We define “Adjusted Net Income” as net income (loss) plus other adjustments included in the table below, less the tax effect of these adjustments. We define “Adjusted Earnings per Common Share, Basic” as Adjusted Net Income divided by the basic weighted average common shares outstanding during the period and “Adjusted Earnings per Common Share, Diluted” as Adjusted Net Income divided by the diluted weighted average common shares outstanding during the period. We describe these adjustments reconciling net income (loss) to Adjusted Net Income, and Adjusted Earnings Per Common Share in the following table (amounts in thousands, except per share data):  

  Thirteen Weeks Ended Twenty-Six Weeks Ended  August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025 Net income$137,897  $125,434  $190,600  $171,518  Equity compensation (a) 9,319   7,602   20,419   15,144  Loss on early retirement of debt 1,902   —   1,902   —  Tax effects of these adjustments (b) (2,612)  (1,717)  (5,196)  (3,745) Adjusted Net Income$146,506  $131,319  $207,725  $182,917           Earnings per common share:        Basic$2.21  $1.89  $3.01  $2.57  Diluted$2.17  $1.85  $2.94  $2.52  Adjusted earnings per common share:        Basic$2.35  $1.97  $3.28  $2.74  Diluted$2.31  $1.94  $3.20  $2.69  Weighted average common shares outstanding:        Basic 62,292   66,539   63,362   66,831  Diluted 63,551   67,689   64,892   68,043             (a)Represents non-cash charges related to equity based compensation, which vary from period to period depending on certain factors such as the timing and valuation of awards, achievement of performance targets and equity award forfeitures.
(b)Represents the estimated tax effect of the total adjustments made to arrive at Adjusted Net Income.
   Adjusted Net Income and Adjusted Earnings Per Common Share, Diluted, Guidance Reconciliation (amounts in millions, except per share data)

  Low Range* High Range*  Fiscal Year Ending
January 31, 2027 Fiscal Year Ending
January 31, 2027 Net Income$390 $415 Equity compensation (a) 30  30 Adjusted Net Income$420 $445      Earnings Per Common Share, Diluted$6.05 $6.45 Equity compensation (a) 0.45  0.45 Adjusted Earnings Per Common Share, Diluted$6.50 $6.90          *Amounts presented have been rounded.   (a)Adjustments include non-cash charges related to equity-based compensation (as defined above), which may vary from period to period. These amounts are also tax affected.   Adjusted Free Cash Flow

We define “Adjusted Free Cash Flow” as net cash provided by (used in) operating activities less net cash used in investing activities. We describe these adjustments reconciling net cash provided by operating activities to adjusted free cash flow in the following table (amounts in thousands): 

  Thirteen Weeks Ended Twenty-Six Weeks Ended  August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025 Net cash provided by operating activities (a)$188,416  $78,575  $349,022  $236,047  Net cash used in investing activities (72,467)  (56,911)  (111,464)  (107,899) Adjusted Free Cash Flow$115,949  $21,664  $237,558  $128,148          (a)Net cash provided by operating activities includes the impact of tariff refunds in the 2026 second quarter.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) will release its second earnings report before the opening bell on Wednesday, Sept. 9.

Analysts expect the Katy, Texas-based company to report quarterly earnings of $2.08 per share, up from $1.94 per share in the year-ago period. The consensus estimate for ASO’s quarterly revenue is $1.65 billion. It reported $1.60 billion last year, according to Benzinga Pro.

On Sept. 3, Academy Sports + Outdoors announced the appointment of Matthew (Matt) M. Pasch to the role of executive vice president and chief people officer.

Academy Sports shares gained 2.9% to close at $44.94 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Evercore ISI Group analyst Greg Melich maintained an In-Line rating and cut the price target from $60 to $55 on July 27, 2026. This analyst has an accuracy rate of 72%. Barclays analyst Adrienne Yih maintained an Equal-Weight rating and lowered the price target from $55 to $50 on June 11, 2026. This analyst has an accuracy rate of 65%. Goldman Sachs analyst Kate McShane maintained a Buy rating and cut the price target from $67 to $60 on June 10, 2026. This analyst has an accuracy rate of 69%. UBS analyst Michael Lasser maintained a Neutral rating and lowered the price target from $56 to $55 on June 10, 2026. This analyst has an accuracy rate of 78%. JP Morgan analyst Christopher Horvers maintained a Neutral rating and cut the price target from $60 to $59 on June 10, 2026. This analyst has an accuracy rate of 69%. Trending

Considering buying ASO stock? Here’s what analysts think:

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Wall Street analysts expect Academy Sports and Outdoors, Inc. (ASO - Free Report) to post quarterly earnings of $2.12 per share in its upcoming report, which indicates a year-over-year increase of 9.3%. Revenues are expected to be $1.66 billion, up 3.8% from the year-ago quarter.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

In light of this perspective, let's dive into the average estimates of certain Academy Sports and Outdoors metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts expect 'Net Sales- Merchandise Division Sales- Outdoors' to come in at $454.97 million. The estimate indicates a change of +1.3% from the prior-year quarter.

The collective assessment of analysts points to an estimated 'Net Sales- Merchandise Division Sales- Sports and recreation' of $380.16 million. The estimate indicates a change of +2.8% from the prior-year quarter.

Analysts predict that the 'Net Sales- Total Merchandise Sales' will reach $1.62 billion. The estimate indicates a year-over-year change of +1.8%.

Based on the collective assessment of analysts, 'Net Sales- Merchandise Division Sales- Footwear' should arrive at $323.48 million. The estimate points to a change of +0.1% from the year-ago quarter.

The consensus estimate for 'Net Sales- Merchandise Division Sales- Apparel' stands at $462.81 million. The estimate suggests a change of +2.6% year over year.

The consensus among analysts is that 'Stores - EOP' will reach 327 . The estimate is in contrast to the year-ago figure of 306 .

View all Key Company Metrics for Academy Sports and Outdoors here>>>

Shares of Academy Sports and Outdoors have experienced a change of -8.9% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), ASO is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Academy Sports + Outdoors is the Ultimate Tailgating Fan Shop PR Newswire

KATY, Texas, Aug. 31, 2026

Retailer celebrates kickoff to football season with a curated assortment of tailgating essentials

, /PRNewswire/ -- Academy Sports Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is kicking off football season with its Tailgate Fan Shop, curated to help customers celebrate professional and college football with top-of-the-line canopies, chairs, coolers, drinkware, speakers, tents, jerseys, and more.

Curated with the whole family in mind, the lineup includes:

Academy Sports Outdoors Easy Shade 10 ft x 10 ft Slant Leg Canopy at $59.99Licensed Tailgating Tents starting at $39.99Turtlebox Ranger Speaker at $250.00NFL Team Folding Chairs starting at $29.99Football Fan Shop Coolers & Drinkware starting at $4.99Stadium Friendly Bags starting at $9.99Together, these products offer customers a variety of ways to showcase their team pride while enjoying the game. From outfitting yourself in your team's apparel to ensuring the best tailgating setup, the collections highlight Academy's broad assortment of products for the perfect tailgate all season.

"Tailgating is about bringing fans together to celebrate their teams, traditions and the excitement of gameday," said Matt McCabe, Executive Vice President and Chief Merchandising Officer. "Our collections make it easy for fans to find everything they need to show their team spirit and make the most of every gameday, whether they're gathering in the parking lot, at home or anywhere in between."

Customers can explore the collection and shop featured products at Academy.com or visit their local Academy store.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

Media inquiries:
Allan Rojas
Director, External Communications
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/academy-sports--outdoors-is-the-ultimate-tailgating-fan-shop-302865213.html

SOURCE Academy Sports + Outdoors

Companies will broaden access to work and western wear in select Academy locations

, /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, today announced it has teamed up with Ariat International, the leader in innovative Western and work apparel and footwear, to launch 200 Ariat in-store shops this fall. These new spaces offer an immersive experience, bringing together Academy's value-driven approach with Ariat's Western and work collections. Tailored to each store, the spaces make it easy for customers to explore an expanded assortment of Ariat apparel and accessories, as well as footwear, designed to inspire their next adventure or workday.

"We're excited to bring customers a new way to experience Ariat at Academy. Customers trust us to offer great value without jeopardizing quality and style, and we are proud to expand the availability of Ariat gear in-stores and online at Academy.com," said Matt McCabe, Executive Vice President and Chief Merchandising Officer. "Together, we've built a highly visual endeavor that showcases branded walls, fixtures, tables, and features within a space where shoppers can check out what's new, pick up their Ariat favorites, and prepare for more fun outdoors."

Academy and Ariat are both growing companies and these new in-store experiences give customers even greater access to Ariat's most sought-after footwear and apparel – from authentic Western boots and premium denim to workwear engineered for comfort, durability, and performance.

"For 20 years, Academy has been an incredible partner, helping Ariat reach more customers and grow our brand. We're excited to expand our partnership by bringing Academy shoppers even more of the products they love. With industry-leading comfort, fit, and performance, Ariat delivers the quality Academy customers can rely on every day," said Sharon Carpenter, Vice President of Sales for Ariat International. 

To learn more about Academy Sports + Outdoors, visit Academy.com.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

About Ariat International, Inc. 
Founded in 1993 as "The New Breed of Boot," Ariat was the first to integrate athletic footwear technology into boots for equestrian athletes and western riders. Today, Ariat develops innovative and award-winning performance apparel and footwear for all types of demanding work and outdoor environments. The company takes its name from Secretariat, the greatest racehorse of all time.

Media inquiries:
Meredith Klein, Vice President of Communications
346.826.6615
[email protected]

SOURCE Academy Sports + Outdoors

, /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy" or the "Company") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, plans to release its second quarter fiscal 2026 financial results before the market opens on Wednesday, September 9, 2026.

Academy will host a live conference call that day at 10:00 a.m. Eastern Time to discuss the financial results. Participants interested in accessing the live call can dial 1-877-407-3982 (U.S.) or 1-201-493-6780 (International). The conference passcode is 13762096. A webcast of the call, the earnings release, and any related materials can be accessed on the Company's website at investors.academy.com. To listen to the call, please dial in or access the website at least 10 minutes prior to the start of the call.

A telephonic replay of the conference call will be available for approximately 30 days by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) and entering passcode 13762096.

A replay of the webcast will be archived at investors.academy.com for approximately 30 days.

About Academy Sports + Outdoors

Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

Media inquiries: 
Meredith Klein, Vice President of Communications
346.823.6615
[email protected]

Investor inquiries: 
Dan Aldridge, Vice President of Investor Relations
832.739.4102
[email protected] 

SOURCE Academy Sports + Outdoors

Two-day event will center around a youth basketball competition for athletes grades 6-12

, /PRNewswire/ -- Academy Sports Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, in partnership with Nike and Jordan Brand, is hosting the Academy Sports + Outdoors H-Town Classic 3v3 basketball tournament this fall. The event is designed to pay homage to Houston's basketball legacy while also bringing together athletes of all skill levels as part of the company's commitment to providing fun for all.

The two-day event will take place at Academy's Katy, TX store located at 23155 Katy Freeway, from October 17–18 from 8:30 a.m. to 7 p.m. each day and will feature junior high and high school divisions in both boys' and girls' brackets. Registered teams from across the Houston area will compete in a 3-on-3 format throughout the weekend.

"Houston's basketball tradition runs deep, and we're proud to partner with Nike and Jordan Brand to continue the legacy with the H-Town Classic," said Steve Lawrence, Chief Executive Officer. "This tournament captures the excitement and community spirit that make basketball such an important part of our city while creating opportunities for athletes of all skill levels to participate, compete and have fun."

Additionally, proceeds from the event will benefit Boys & Girls Clubs of Greater Houston, with Academy Sports + Outdoors, Nike and Jordan Brand providing two free team entries to Boys & Girls Clubs of Greater Houston participants.

Registration for the 2026 H-Town Classic is open through Friday, Oct. 9., or until each division reaches capacity. Players, families and fans interested in learning more about the tournament can visit academy.com/htownclassic for competition information, eligibility requirements and event updates.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

About NIKE, Inc.
NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned NIKE, Inc. subsidiaries include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories, and Jordan Brand, which creates athletic and casual footwear, apparel and accessories.

About Jordan Brand
Jordan Brand is a signature athletic and lifestyle brand within the NIKE, Inc. portfolio inspired by the vision and legacy of Michael Jordan. The brand creates premium footwear, apparel and accessories for athletes and consumers around the world.

Media Contact: Kelley Jones, Sr. External Communications Specialist, [email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/academy-sports--outdoors-teams-up-with-nike-and-jordan-brand-to-present-the-h-town-classic-3v3-basketball-tournament-302863115.html

SOURCE Academy Sports + Outdoors

Customers can now shop Academy's national and exclusive private brands across sports, outdoor, apparel, footwear and more at no markups

, /PRNewswire/ -- Instacart (Nasdaq: CART), the leading grocery technology company in North America, today announced a new partnership with Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer. The partnership brings Academy's broad catalog to the Instacart Marketplace, giving customers same-day delivery in as fast as an hour for items ranging from camping and fishing equipment to fitness gear, team sports equipment, and Academy's own popular private label brands - all at no markups.

Academy Sports + Outdoors Joins the Instacart Marketplace at No Markups for Same-Day Delivery "Our customers expect to get what they need fast, and that's exactly what this partnership with Academy Sports + Outdoors delivers," said Blake Wallace, Vice President of Commercial Partnerships at Instacart. "With Academy now on Instacart, our customers can get the gear they need for that last-minute camping trip or tomorrow's game in as fast as one hour."

"At Academy Sports + Outdoors, we're committed to serving our customers wherever and however they choose to shop, delivering a seamless experience across every channel as we continue to expand our omnichannel presence," said Chad Fox, Executive Vice President and Chief Customer Officer at Academy Sports + Outdoors. "From helping Always Game Families gear up for everyday moments to providing access to top national brands and exclusive private brands, our partnership with Instacart offers another convenient way to shop Academy's broad assortment at the same great prices customers find in our stores."

With over 300 Academy stores across 21 states available on the Instacart Marketplace, the partnership launches just in time for the season's biggest moments – from back-to-school and fall sports to hunting season, tailgating, and outdoor adventures.

To celebrate the launch, new qualifying Academy customers can take $15 off a $75+ purchase* now through October 12th on Instacart.com.

Academy Sports + Outdoors joins more than 2,200 national and local retail banners on the Instacart Marketplace. To start shopping Academy, customers can visit https://www.instacart.com/store/academy-sports-outdoors or download the Instacart App on their mobile device.

About Instacart
Instacart is a leading grocery technology company that partners with more than 2,200 retail banners – representing nearly 100,000 stores – to transform how people shop for the groceries they need from the retailers they trust, while creating flexible earning opportunities for shoppers. Through the Instacart Marketplace, Instacart Enterprise platform, and Instacart Ads ecosystem, the company powers ecommerce, fulfillment, in-store technology, AI offerings, and advertising for partners. For more information, visit www.instacart.com/company. Maplebear Inc. is the registered corporate name of Instacart.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit https://www.academy.com/.

*$15 off for qualifying customers is valid through 10/12/2026 at 11:59PM PT and is valid only in the United States for your first Academy Sports + Outdoors order of $75 or more and purchased through Instacart, while supplies last. Discount will be applied to the total purchase price, and excludes taxes, service fees, special handling fees and/or other fees; offer cannot be applied to alcohol products. Deliveries subject to availability. In order to take advantage of this offer, customers must have a valid account on Instacart with a valid form of accepted payment on file. Only one offer per household. Instacart reserves the right to modify or cancel this offer at any time. Offer may not be sold, copied, modified, transferred or used retroactively for prior purchases. Void where restricted or prohibited by law. Offer may not be combined with any other sale, promotion, discount, code, coupon, and/or offer. Offer has no cash value. Instacart is not a retailer or seller. Instacart may not be available in all zip or post codes.

SOURCE Maplebear Inc. dba Instacart

Academy Sports and Outdoors, Inc. (ASO - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

Therefore, the Zacks rating upgrade for Academy Sports and Outdoors basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Academy Sports and Outdoors, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Academy Sports and OutdoorsFor the fiscal year ending January 2027, this company is expected to earn $6.49 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Academy Sports and Outdoors. Over the past three months, the Zacks Consensus Estimate for the company has increased 2%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Academy Sports and Outdoors to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

New retail media network connects brands with Academy's high-value customers and delivers measurable performance across online and in-store sales

, /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, today launched Academy Retail Media (ARM) as the next evolution of its omnichannel growth and customer strategy. ARM brings together Academy's expanding physical and digital reach, differentiated customer relationships, and longstanding brand partnerships to create more relevant customer experiences and measurable growth opportunities for advertisers.

The launch comes as Academy continues to expand its store footprint, boost e-commerce, and enhance customer personalization capabilities. With more than 320 stores across 21 states and a growing base of 52 million verified customers, ARM gives brand partners a new way to translate Academy's customer relationships and geographic reach into purchase-based audience intelligence, omnichannel activation and closed-loop measurement.

"ARM is a natural extension of how Academy is growing our business and deepening relationships with customers and brand partners," said Chad Fox, Executive Vice President and Chief Customer Officer. "Our stores, digital platforms, and customer insights give us a distinct view of how active families and sports and outdoor enthusiasts shop. By bringing those strengths together, we can help brands engage customers more meaningfully, demonstrate the business impact of their investment, and create a better, more personalized Academy experience."

ARM enables brands to reach verified Academy customers across onsite, in-app, and offsite channels and connect media exposure to online and in-store sales. Advertisers receive transparent, closed-loop measurement of same-SKU sales, broader brand halo and incremental lift, helping them optimize campaigns against outcomes such as return on advertising spend, customer acquisition, new product launches, reactivation and sales growth. For Academy customers, ARM will support more relevant product discovery, brand experiences, and offers throughout the shopping journey.

Academy's audiences include Always Game Families – active households with children in sports that purchase across eight or more categories and spend approximately twice as much annually as the average sporting goods and outdoor consumer – along with sporting families and outdoor enthusiasts. Several leading national brands are already activating ARM campaigns across awareness, consideration, and conversion, demonstrating early momentum as the network launches.

To learn more about ARM visit here.

About Academy Sports + Outdoors

Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements include, among other things, statements regarding the anticipated benefits, capabilities and opportunities associated with Academy Retail Media. Actual results may differ materially from these expectations due to a variety of factors, including those set forth in Academy's filings with the U.S. Securities and Exchange Commission. Any forward-looking statement in this press release speaks only as of the date of this release. Academy undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as may be required by law.

Media inquiries:
Meredith Klein, Vice President of Communications
346.826.6615
[email protected] 

Investor inquiries:
Dan Aldridge, Vice President of Investor Relations
832.739.4102
[email protected] 

SOURCE Academy Sports + Outdoors

Company hosted personalized shopping experience to set students up for success

, /PRNewswire/ -- As families prepare for the school year and fall sports season, Academy Sports Outdoors ("Academy" or the "Company") (Nasdaq: ASO) teamed up with leading school wear brand French Toast to provide 1,000 students from Houston-area non-profit organization BEAR, or BE A Resource, with school essentials to boost confidence and encourage excellence at school and in play.

On Tuesday, July 28, hundreds of Academy team members were joined by nearly 500 local elementary and middle school students from BEAR at corporate headquarters in Katy, TX, where the retailer hosted a back-to-school shopping event. Together, the children and employee volunteers picked out uniforms based on their district colors and dress code, socks, and their favorite sport ball. This event is part of Academy's broader community giving efforts and is supported by an in-kind donation of more than $50,000 worth of products for BEAR's Back to School Program.

"At Academy Sports + Outdoors, we understand back-to-school can bring added stress and financial pressure for families with school-aged children, and we try to ease that burden by offering market-leading everyday value pricing, standout promotions, and investment in the communities we serve," said Meredith Klein, Vice President of Communications at Academy Sports + Outdoors. "We're proud to partner with French Toast and BEAR to impact our hometown community in a meaningful way to provide students with the resources they need to feel supported, be successful, and have fun this school year."

French Toast is committed to helping remove barriers so all kids from all walks of life can feel comfortable and confident focusing on their education and pursuing their passions beyond the classroom.

"Our mission is to help all kids shine," said Stephen Ashear, Division President of French Toast. "We recognize confidence starts with being prepared, so it is our hope that providing local youth with great schoolwear inspires and empowers their learning all year long."

This donation marks Academy's second annual back-to-school volunteer event. The company partnered with Operation Homefront in 2025 to fill 1,500 backpacks with essential school supplies for school-age military children across Texas and Louisiana. This year's partnership with BEAR reinforces the company's commitment to making a positive impact in the communities it serves.

"Every child deserves to feel secure and comfortable," said Tammy Hetmaniak, Executive Director of BEAR. "Through efforts during the back-to-school season, and with the help of generous partners like Academy Sports + Outdoors, we are able to provide school supplies and essential resources to more than 17,000 children who have experienced abuse, neglect or crisis each year across the Greater Houston area."

To learn more about how Academy is making a positive impact in the community, visit here.

About Academy Sports + Outdoors

Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

About French Toast

French Toast is dedicated to making the best possible schoolwear accessible to ALL kids and ALL families from ALL walks of life. We are on a mission to help kids shine, whatever their passion, no matter the dress code, wherever they live or go to school. Since 1985, French Toast has been trusted by thousands of schools nationwide as their uniform provider and is committed to partnering with the communities we serve. French Toast works directly with our manufacturing partners in every step of the process, providing more value without sacrificing quality. For more information about becoming a French Toast partner school, visit https://www.frenchtoast.com/schools.

About BEAR...BE A Resource

BEAR is the only 501(c)(3) organization working with the Texas Department of Family and Protective Services (DFPS) and Harris County Resources for Children and Adults that offers unique programs – that provide not only the basic needs of children recently uprooted, but also supportive services that provide comfort, dignity, and celebration of successes that propel the child toward a successful future – for abused and neglected children. For more information, visit https://bearesourcehouston.org/

Academy Sports + Outdoors Media Contact:

Brooke Fendley, Sr. Specialist External Communications, [email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/academy-sports--outdoors-partners-with-french-toast-and-bear-to-support-1-000-houston-area-students-during-back-to-school-season-302837906.html

SOURCE Academy Sports + Outdoors

From footwear and apparel to backpacks and everyday essentials, Academy delivers back-to-school savings on style and sports essentials

, /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is helping families make the most of the back-to-school season for less with a broad assortment of everything from first-day looks to top trends across apparel, footwear, backpacks, hydration, and everyday essentials. Designed to help families stretch their budgets without sacrificing items on their shopping lists, they can get back-to-school ready in stores and at Academy.com.

Academy Sports + Outdoors helps students gear up for a new school year with the essentials they need for the classroom and beyond. As kids head back to class, fall routines and team tryouts, Academy is bringing together must-have gear and easy shopping options for everything kids need to meet friends, join a new team, discover their latest interests or gear up for fall sports.

"Back-to-school is about helping families feel ready for everything the new school year brings," said Matt McCabe, Executive Vice President and Chief Merchandising Officer. "At Academy Sports + Outdoors, parents can find the brands they trust, the styles their kids want and the value their families need, whether they're shopping for the classroom or the field."

Academy is helping families get back-to-school ready with:

Undefeatable value across leading national brands and Academy private brands, including Nike, adidas, Brooks, Burlebo, Carhartt, Magellan Outdoors and Freely, with options across price points. Trend-right apparel for the classroom and after-school activities, including camo and graphic tees, denim, shorts, performance hoodies, fleece and athletic styles, plus Magellan Outdoors washed camo graphic tees for the family at $19.99 and new Freely patterns. Top footwear including Nike Air Max, Nike V5 Runner, Brooks Ghost Max, adidas Pacer, Birkenstock, New Balance styles, football cleats and recovery options. Back-to-school essentials, including Nike Elite backpacks, lunch totes, clear and mesh school bags, plus an expanded backpack assortment with Herschel and Cotopaxi options at select Academy stores. Hydration and accessories from Stanley, HydroJug, Owala and YETI, featuring new colors, prints and styles for the classroom, sidelines and everywhere in between. Fall sports season gear, such as Nike Shark football gloves, NXTRND mouthguards, Riddell and Schutt helmets, and Battle shoulder pads for football as well as on field essentials from adidas for soccer. In addition, Academy offers benefits on everyday purchases through its reimagined loyalty program, myAcademy Rewards, where customers can join for free and enjoy a $15 off welcome offer, free shipping with a $25 minimum spend, insider access to exclusive offers, and much more.

Families can also make their budgets go even further with in-store and online purchases through the myAcademy Rewards MasterCard, including 5% off every day at Academy, a $30 off welcome offer, free shipping with no minimum spend, and an unlimited 2% back in rewards on eligible everyday purchases.

And Academy offers its Price Match Guarantee — every time and every day. Academy beats competitor prices by 5% so you can always know you're getting the best deal.

To kick off the back-to-school season, Academy will host a Line-Up to Win at all 117 Texas stores on Saturday, August 1. The first 125 customers in line at each participating location will receive a promotional card valued at up to $100, valid for in-store purchases made that weekend and subject to applicable terms and conditions.

Families can shop Academy's complete assortment, seasonal deals, participating state Tax-Free Weekend offers and convenient shopping options in stores, at Academy.com, or through same day delivery where available.

About Academy Sports + Outdoors

Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

Media inquiries:
Allan Rojas
Director, External Communications
281.944.6048
[email protected]

SOURCE Academy Sports + Outdoors

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Phase 1/2 FUNCTION ALS trial initiated in Europe with additional global regions anticipated in 2026

First patients dosed in LAUNCH ALS, an investigator-initiated trial in China conducted in partnership with Tenacia Biopharmaceutical, to support accelerated global clinical development strategy

TRCN-1023 is designed to restore function of the UNC13A protein, a genetically validated target in 97% of people living with ALS

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Trace Neuroscience, Inc., a biopharmaceutical company expanding the promise of genomic medicine for people living with neurodegenerative diseases, today announced the initiation of its global clinical development program for TRCN-1023, an investigational antisense oligonucleotide (ASO) designed to restore UNC13A protein function for the treatment of amyotrophic lateral sclerosis (ALS).

The global TRCN-1023 clinical program includes the Phase 1/2 FUNCTION ALS trial, which has received clinical trial authorization in the United Kingdom and Netherlands, as well as LAUNCH ALS, an investigator-initiated trial (IIT) underway in China. The LAUNCH ALS trial is being conducted in partnership with Tenacia Biopharmaceutical, which provides deep expertise in neuroscience drug development and operational execution in China, and in collaboration with principal investigator Yilong Wang, M.D., Ph.D. at Beijing Tiantan Hospital, a leading neurological hospital in China. The first patients were dosed in LAUNCH ALS earlier this month.

“Our team helped establish UNC13A as one of the most compelling genetically validated targets in ALS, and we built Trace Neuroscience to translate that biology into a medicine,” said Eric Green, M.D., Ph.D., co-founder and CEO of Trace Neuroscience. “We are thrilled to now be advancing TRCN-1023 into the clinic with a global early development strategy that is poised to generate a robust clinical data package with the urgency that ALS demands.”

TRCN-1023 is a highly potent and durable ASO designed to re-establish healthy communication between nerves and muscle cells. Administered by intrathecal injection, TRCN-1023 is a targeted intervention that binds directly to UNC13A messenger RNA to regulate its processing and guide formation of functional UNC13A protein, potentially improving synaptic transmission and thereby nerve and muscle function.

“UNC13A is among the most promising targets in ALS research today with a strong grounding in human genetics and mechanistic biology,” said Dame Pamela Shaw, M.D., Professor of Neurology at the University of Sheffield and FUNCTION ALS Chief Investigator. “There is compelling rationale for restoring this protein's function, which has relevance to the vast majority of ALS patients. I look forward to contributing to a stronger understanding of TRCN-1023’s biological and clinical impact through the FUNCTION ALS trial.”

“People with ALS need meaningful therapeutic innovation beyond today’s limited treatment options. The potency, durability and biological rationale behind TRCN-1023 make it a particularly exciting drug candidate to bring into the clinic,” said Dr. Wang, LAUNCH ALS principal investigator who also serves as Executive Vice President at Beijing Tiantan Hospital and Professor of Neurology at Capital Medical University. “I am proud to partner with the Trace Neuroscience and Tenacia Biopharmaceutical teams to advance this program and accelerate a potential new treatment for people with ALS worldwide.”

About the FUNCTION ALS Phase 1/2 Clinical Trial & LAUNCH ALS IIT

FUNCTION ALS is a global Phase 1/2 randomized, double-blind, placebo-controlled clinical trial evaluating the safety, tolerability, pharmacokinetics, and pharmacodynamic activity of TRCN-1023 in people living with ALS. The study is expected to enroll approximately 30 participants across sites in North America and Europe. Key eligibility criteria include age 18-75, symptom onset within the past two years or less, and slow vital capacity (SVC) of at least 60%. Individuals with SOD1 or FUS mutations are not eligible. Participants will receive TRCN-1023 or placebo, with 24 weeks of follow-up. Designed with input from people living with ALS and their caregivers, FUNCTION ALS incorporates biomarker analyses, digital movement and speech assessments, and operational measures intended to reduce participant burden.

LAUNCH ALS is an IIT conducted in collaboration with principal investigator Dr. Yilong Wang at Beijing Tiantan Hospital to evaluate the safety, tolerability, pharmacokinetics and pharmacodynamic activity of TRCN-1023 in people with ALS. The study is expected to enroll approximately 25 participants. Eligibility criteria for enrollment are consistent with the criteria for the FUNCTION ALS trial.

About ALS

Amyotrophic lateral sclerosis (ALS, also known as motor neuron disease (MND) or Lou Gehrig’s disease), is a progressive and terminal neurodegenerative disease impacting nerve cells in the brain and spinal cord that reduces muscle function and control. As ALS advances, the ability to speak, swallow, move and breathe is increasingly impaired. In the U.S., approximately 30,000 people are living with ALS, and approximately 1 in 400 people will be diagnosed during their lifetime. Sporadic ALS that occurs without a clear family history or identified gene change is the most common form, accounting for 9 out of 10 cases, and has very limited treatment options.

About Trace Neuroscience

Trace Neuroscience is a biopharmaceutical company on a mission to expand the promise of genomic medicine for people living with neurodegenerative diseases. With an initial focus on ALS, the company is developing novel therapies to restore UNC13A protein function to re-establish healthy communication between nerves and muscle cells. Trace Neuroscience launched in 2024 with funding from leading life sciences investors and is headquartered in South San Francisco, California. For more information, please visit www.traceneuro.com and follow the company on LinkedIn and X.

More News From Trace Neuroscience, Inc.

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Engagement sustains momentum through programming, events, and donations

, /PRNewswire/ -- Academy Sports Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, today announced the extension of its national partnership with Boys & Girls Clubs of America, reinforcing its focus on making a broad positive impact as well as deepening its commitments in the local communities it serves. The engagement, which began in 2025, remains focused on increasing access to sports and outdoor fun for youth nationwide through hands-on experiences, equipment support, and philanthropic giving.

"At Academy, we are committed to making a meaningful and lasting impact in the communities we serve," said Meredith Klein, Vice President of Communications at Academy Sports + Outdoors. "Our partnership with Boys & Girls Clubs of America reflects that dedication by creating opportunities for kids to stay active, build confidence, and experience the joy of sports and outdoors. We're proud to continue this work together and expand our impact nationwide."

Since the partnership began, Academy and Boys & Girls Clubs of America have worked together at both a national and local level to help thousands of young people. Together, the organizations have hosted more than 20 events to benefit Boys & Girls Clubs in markets including Houston, Texas, Harrisburg, Pennsylvania, South Central Kansas, Kansas, Greater Dallas, Richmond, Virginia, and Lanier, Georgia. In total, Academy has contributed nearly $250,000 in gift cards, equipment and experiences to support Clubs and their members.

"Boys & Girls Clubs of America values partnerships that help us deliver meaningful experiences to the young people we serve," said Eric Osborne, Senior Director of Sports Programming for Boys & Girls Clubs of America. "Academy Sports + Outdoors has been an incredible partner, helping us strengthen access to sports and create memorable moments for Club members. We're excited to continue building on this strong foundation and reach even more kids together."

The renewal kicked off with Academy's recent Boots & Boots event in Houston where the company hosted 35 children from a local Boys & Girls Club for a unique hands-on experience. Participants had the opportunity to meet soccer legend Wade Barrett, test their skills on a soccer simulator, and celebrate alongside community members. The event also featured custom, muralist-painted eight-foot boot sculptures representing the United States and Mexico, highlighting the unifying power of sport.

At Academy Sports + Outdoors, responsible leadership and integrity are values that are fundamental to how business is conducted. Academy consistently gives back to communities in its footprint through charitable initiatives, partnership support, and direct giving efforts.

To learn more about Academy Sports + Outdoors and how the company gives back, visit here.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

About Boys & Girls Clubs of America
For more than 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. Over 5,500 Clubs serve more than 4 million young people through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native lands throughout the country, and serve military families in BGCA-affiliated Youth Centers on U.S. military installations worldwide. The national headquarters is located in Atlanta. Learn more about Boys & Girls Clubs of America on Facebook and LinkedIn.

Media Contact: Allan Rojas, External Communications Director, [email protected]

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SOURCE Academy Sports + Outdoors

Ionis Pharmaceuticals, Inc. (Nasdaq: IONS) partner GSK today announced positive pivotal data for bepirovirsen, an investigational antisense oligonucleotide (ASO) for the treatment of chronic hepatitis B (CHB). Results from the two Phase 3 trials, B-Well 1 and B-Well 2, were simultaneously published in the New England Journal of Medicine and presented at the European Association for the Study of the Liver (EASL) congress. GSK licensed bepirovirsen from Ionis and the two companies have collaborated on its development.

Pooled data from both trials showed that six-month treatment with bepirovirsen achieved a statistically significant and clinically meaningful 19% functional cure response rate (233 of 1,220 vs. 0 of 614 in the placebo group, with p<0.001 in both trials) in the overall study population (adults with ≤3000 IU/ml hepatitis B surface antigen (HBsAg) level), meeting the primary endpoints. In a key secondary endpoint, a functional cure rate of 26% (200 of 768 vs. 0 of 393 in the placebo group, with p<0.001 in both trials) was achieved in participants with ≤1000 IU/ml HBsAg level, a group that represents approximately 45% of diagnosed CHB cases globally. The current standard of care typically requires lifelong therapy, with functional cure rates achieved in less than 1% of patients.

Functional cure occurs when the hepatitis B virus DNA and HBsAg are undetectable in the blood for at least six months after stopping all treatment. This indicates the disease is being controlled by the immune system without medication. Notably, in an exploratory analysis, 49% of bepirovirsen recipients achieved a quantitative hepatitis B surface antigen (qHBsAg) of ≤100 IU/mL one year after the end of treatment. Medical literature has linked this level of low surface antigen with increased immune control and improved patient outcomes. Moreover, 23% of all bepirovirsen recipients (283 of 1220 vs 0 of 614 in the placebo group; p<0.001 in both trials) and 31% of bepirovirsen recipients with baseline HBsAg ≤1000 IU/mL % (237 of 768 vs 0 of 393 in the placebo group; p<0.001 in both trials) achieved a sustained DNA lower limit of quantification (

The trials showed an acceptable safety and tolerability profile consistent with other studies of bepirovirsen. The three most frequently observed adverse events were injection site erythema, local pain and temporary rise in the blood level of a liver enzyme.

“These results represent an important advance for the millions of people living with chronic hepatitis B, for whom there is currently no approved therapy that can achieve a meaningful functional cure,” said Brett P. Monia, Ph.D., chief executive officer, Ionis. “At Ionis, we are focused on translating our science into breakthrough medicines with the potential to make a real difference for people living with serious conditions, like chronic hepatitis B. Bepirovirsen is uniquely positioned to address this persistent viral infection through its potential to reduce hepatitis B virus replication, suppress hepatitis B surface antigen and stimulate the immune system. Thank you to the patients, families and clinicians who participated in these important studies.”

Results from the two trials are summarized in Table 1.

Table 1: Functional cure rate at Week 72 in B-Well 1 and B-Well 2 by patient segment

Endpoint

Patients with baseline HBsAg
≤3000 IU/mL

Patients with baseline HBsAg
≤1000 IU/mL

FC response rate at Week 72, 6 months after discontinuing all treatments

Primary confirmatory endpoint

19% vs. 0% (placebo)

233 of 1,220 vs. 0 of 614

B-Well 1: 20% vs. 0%

[127 of 650 vs. 0 of 328]

B-Well 2: 19% vs. 0%

[106 of 570 vs. 0 of 286]

Ranked secondary endpoint

26% vs. 0% (placebo)

200 of 768 vs. 0 of 393

B-Well 1: 25% vs. 0%

[105 of 426 vs. 0 of 214]

B-Well 2: 28% vs. 0%

[95 of 342 vs. 0 of 179]

Bepirovirsen is currently under priority review by the U.S. Food and Drug Administration (FDA) with both Breakthrough and Fast Track Designation. It is also under review by regulatory authorities in Europe, Japan with SENKU designation and China with Breakthrough Therapy and Priority Review designation. GSK anticipates the first regulatory decisions in Q3 2026 and launch preparations are underway.

GSK licensed bepirovirsen from Ionis in 2019 under a collaborative development and licensing agreement. Under the terms of the agreement, Ionis has received an upfront payment, license fee and development and regulatory milestone payments and is eligible to receive additional regulatory and sales milestone payments as well as tiered royalties of 10-12% on net sales of bepirovirsen.

About B-Well 1 and B-Well 2

B-Well 1 (NCT05630807) and B-Well 2 (NCT05630820) trials are global multi-center, randomized, double-blind, placebo-controlled trials conducted in 29 countries. They assessed the efficacy, safety, pharmacokinetic profile, and durability of functional cure in nucleos(t)ide analogue-treated adult participants with chronic hepatitis B and baseline surface antigen (HBsAg) ≤3000 IU/ml. The primary endpoint assessed the proportion of participants achieving functional cure in patients with baseline HBsAg ≤3000 IU/ml. A key ranked secondary endpoint evaluated functional cure in participants with baseline HBsAg ≤1000 IU/ml. Functional cure is defined as HBsAg being undetectable in the blood for at least 24 weeks after stopping all treatment, indicating that the disease is controlled by the immune system without medication.

About Chronic Hepatitis B (CHB)

Hepatitis B is a viral infection that can cause both acute and chronic liver disease. Chronic hepatitis B occurs when the immune system is unable to clear the virus, resulting in long-lasting infection that affects more than 240 million people worldwide, including 1.7 million people in the U.S. and 75 million in China. The disease causes approximately 1.1 million deaths each year, and accounts for approximately 56% of liver cancer cases globally. Currently, many patients often require lifelong antiviral therapy for viral suppression, making functional cure a critical goal in disease management.

About bepirovirsen

Bepirovirsenis an investigational antisense oligonucleotide (ASO) designed to recognize and inhibit the production of the genetic components (i.e. RNA) of the hepatitis B virus that can lead to chronic disease, potentially allowing a person’s immune system to regain control. Bepirovirsen reduces the production of RNA and viral proteins associated with HBV, suppresses the level of hepatitis B surface antigen (HBsAg) in the blood, and stimulates the immune system to increase the chances of a durable and sustained response.

About Ionis Pharmaceuticals, Inc.

For three decades, Ionis has invented medicines that bring better futures to people with serious diseases. Ionis has marketed medicines and a leading pipeline in neurology, cardiometabolic and other areas of high patient need. As the pioneer in RNA-targeted medicines, Ionis continues to drive innovation in RNA therapies in addition to advancing new approaches in gene editing. A deep understanding of disease biology and industry-leading technology propels our work, coupled with a passion and urgency to deliver life-changing advances for patients. To learn more about Ionis, visit Ionis.com and follow us on X (Twitter), LinkedIn and Instagram.

Ionis Forward-looking Statements

This press release includes forward-looking statements regarding Ionis' business and the therapeutic and commercial potential of bepirovirsen, our commercial medicines, additional medicines in development and technologies and our expectations regarding development and regulatory milestones. Any statement describing Ionis' goals, expectations, financial or other projections, intentions or beliefs is a forward-looking statement and should be considered an at-risk statement. Such statements are subject to certain risks and uncertainties including those inherent in the process of discovering, developing and commercializing medicines that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such medicines. Ionis' forward-looking statements also involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although Ionis' forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by Ionis. Except as required by law, we undertake no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements. These and other risks concerning Ionis' programs are described in additional detail in Ionis' annual report on Form 10-K for the year ended December 31, 2025, and most recent Form 10-Q, which are on file with the Securities and Exchange Commission. Copies of these and other documents are available from the Company. In this press release, unless the context requires otherwise, "Ionis," "Company," "we," "our" and "us" all refer to Ionis Pharmaceuticals and its subsidiaries.
Ionis Pharmaceuticals® is a trademark of Ionis Pharmaceuticals, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260527201380/en/

Wall Street analysts expect Academy Sports and Outdoors, Inc. (ASO - Free Report) to post quarterly earnings of $0.91 per share in its upcoming report, which indicates a year-over-year increase of 19.7%. Revenues are expected to be $1.44 billion, up 6.5% from the year-ago quarter.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

With that in mind, let's delve into the average projections of some Academy Sports and Outdoors metrics that are commonly tracked and projected by analysts on Wall Street.

Analysts forecast 'Net Sales- Merchandise Division Sales- Outdoors' to reach $383.15 million. The estimate indicates a year-over-year change of +3%.

The collective assessment of analysts points to an estimated 'Net Sales- Merchandise Division Sales- Sports and recreation' of $360.84 million. The estimate indicates a change of +4.4% from the prior-year quarter.

Analysts predict that the 'Net Sales- Total Merchandise Sales' will reach $1.39 billion. The estimate indicates a year-over-year change of +3.5%.

It is projected by analysts that the 'Net Sales- Merchandise Division Sales- Footwear' will reach $303.51 million. The estimate indicates a year-over-year change of +3.7%.

According to the collective judgment of analysts, 'Net Sales- Merchandise Division Sales- Apparel' should come in at $343.00 million. The estimate suggests a change of +3.1% year over year.

The consensus estimate for 'Stores - EOP' stands at 325 . Compared to the current estimate, the company reported 303 in the same quarter of the previous year.

View all Key Company Metrics for Academy Sports and Outdoors here>>>

Over the past month, shares of Academy Sports and Outdoors have returned -4.9% versus the Zacks S&P 500 composite's +4.6% change. Currently, ASO carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Academy Sports + Outdoors Announces Quarterly Cash Dividend PR Newswire

KATY, Texas, June 5, 2026

, /PRNewswire/ -- Academy Sports and Outdoors, Inc. (the "Company" or "Academy") (Nasdaq: ASO) announced today that on June 4, 2026, its Board of Directors declared a quarterly cash dividend of $0.15 per share of the Company's common stock with respect to the fiscal quarter ended May 2, 2026. The quarterly cash dividend is payable on July 16, 2026, to stockholders of record as of the close of business on June 18, 2026.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All," fulfilled through a localized merchandising strategy and value proposition that connects with a broad range of consumers. Academy's product assortment focuses on outdoor, apparel, sports & recreation, and footwear through leading national brands and private label brands.
For more information, visit www.academy.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy's current expectations and are not guarantees of future performance. The forward-looking statements include, among other things, statements regarding the payment of the dividend, including the timing and amount thereof, the Company's expectations regarding its future performance, and the Company's future financial condition to support future dividend growth, and are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Actual results may differ materially from these expectations due to factors that are set forth in Academy's filings with the U.S. Securities and Exchange Commission. Any forward-looking statement in this press release speaks only as of the date of this release. Academy undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as may be required by any applicable securities laws.

Media inquiries:
Meredith Klein, Vice President of Communications
346.826.6615
[email protected]

Investor inquiries:
Dan Aldridge, Vice President of Investor Relations
832.739.4102
[email protected]

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SOURCE Academy Sports + Outdoors

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Academy Sports and Outdoors, Inc. (NASDAQ:ASO) will release earnings for its first quarter before the opening bell on Tuesday, June 9.

Analysts expect the Katy, Texas-based company to report quarterly earnings of 92 cents per share, up from 76 cents per share in the year-ago period. The consensus estimate for Academy Sports and Outdoors' quarterly revenue is $1.44 billion (it reported $1.35 billion last year), according to Benzinga Pro.

On June 5, Academy Sports and Outdoors declared a quarterly cash dividend of 15 cents per share.

Shares of Academy Sports and Outdoors fell 0.2% to close at $51.67 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Considering buying ASO stock? Here’s what analysts think:

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Academy Sports and Outdoors, Inc. delivered strong Q1 results, with EPS of $0.93 and 2.9% same-store sales growth, alleviating consumer spending concerns. ASO's gross margin of 33.2% faced minor headwinds from tariffs and fuel costs, but inventory and SG&A management support margin improvement ahead. The company maintains a robust balance sheet, ample liquidity, and continues aggressive store expansion, supporting ongoing buybacks and a secure 1.2% dividend.

3 Small-Cap Stocks to Buy as the Russell 2000 Extends Its RallyAcademy Sports and Outdoors NASDAQ: ASO reported a return to comparable sales growth in its fiscal first quarter, with management pointing to gains across all major merchandise divisions, strong e-commerce growth and momentum from newer stores.

The sporting goods retailer said first-quarter net sales rose 6.7% to $1.44 billion, while comparable sales increased 2.9%. Chief Executive Officer Steve Lawrence said the results were at the high end of the range the company communicated ahead of its Analyst Day in April.

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Academy Sports Stock Sinks After Earnings: Buy the Dip or Beware?Lawrence said the quarter benefited from low single-digit positive traffic and a high single-digit increase in average unit retail, while units per transaction declined slightly. E-commerce was a standout, with sales up 17% and penetration expanding by 100 basis points.

Outdoor, sports and apparel categories drive gains Academy said all four of its divisions posted increases in the quarter. Outdoor was the best-performing category, rising 12%, led by fishing and shooting sports. Lawrence said ammunition, which had been a headwind for much of the prior year, turned positive in February and accelerated after conflict began in the Middle East. Firearms also remained a bright spot, with the company citing eight consecutive quarters of market share gains based on NICS check data as a proxy.

Academy Sports Stock is Selling at a DiscountTo build on that momentum, Lawrence said Academy launched suppressors in a limited number of stores during the quarter and plans to roll the category out to more than 100 stores by year-end. He said the category is new to Academy’s assortment and should be accretive, with high average unit retails and strong attachment rates to firearms and related accessories.

Sports and recreation sales rose 6%, helped by baseball and team sports. Lawrence also called out double-digit growth in the company’s front-end business, driven by collectible trading cards, as well as ongoing strength in outdoor speakers through Turtlebox.

Apparel increased 5%, supported by outdoor and work assortments from Carhartt, BURLEBO, Levi’s and Academy’s Magellan Outdoors brand. The company plans to add roughly 100 Ariat shops in the back half of the year. Footwear sales rose 3%, helped by cleats, Crocs, Birkenstock and performance running platforms from Nike, Adidas, New Balance and Brooks.

Margins pressured by tariffs, but earnings rise Chief Financial Officer Carl Ford said gross margin was 33.2%, down 71 basis points from the prior year. He attributed the decline primarily to tariffs, which created a 110-basis-point headwind, partially offset by 20 basis points of shrink favorability and 10 basis points from shipping and transportation-related improvements.

Ford said the first quarter is expected to represent the largest tariff impact of the year, with pressure moderating as 2026 progresses. The company maintained its full-year gross margin rate guidance of 34.5% to 35.0%.

Selling, general and administrative expenses improved to 28.1% of sales, down 77 basis points, helped by the positive comp and by lapping $7.5 million in prior-year costs tied to Nike expansion and the Jordan brand rollout. Operating income was $74.7 million. Diluted earnings per share rose 17.6% to $0.80, while adjusted earnings per share, excluding stock compensation, rose 22.4% to $0.93.

Academy ended the quarter with $338 million in cash and an untapped $1 billion revolver. Free cash flow increased 14.2% to $121.6 million. During the quarter, the company repurchased about 1.7 million shares, paid $9.6 million in dividends and continued funding investments in stores, omnichannel capabilities and technology.

Guidance raised after solid start Academy raised its annual sales outlook to a range of $6.23 billion to $6.35 billion, representing growth of 3% to 5%. Comparable sales are now expected to be flat to up 2% for fiscal 2026.

The company also raised the midpoint of its net income guidance and now expects net income of $390 million to $415 million. It projected diluted earnings per share of $5.95 to $6.35 and adjusted earnings per share of $6.40 to $6.80. Ford said the EPS guidance does not include any impact from future share repurchases.

At the midpoint of the outlook, Ford said Academy expects a roughly 1% comparable sales gain, approximately flat gross margin and modest SG&A leverage, resulting in EPS growth of more than 10% compared with fiscal 2025.

New stores, loyalty and omnichannel remain key initiatives Lawrence said new store expansion remains Academy’s top growth lever. The company opened two stores in the first quarter, in Canton, Ohio, and Muskogee, Oklahoma, and plans three more openings in the second quarter in Altoona, Pennsylvania, North Knoxville, Tennessee, and Morristown, Tennessee. Another 15 to 20 stores are expected to open in the back half of the year.

The company also highlighted the relaunch of its My Academy Rewards program, which is being integrated into its loyalty ecosystem with a three-tier structure. The base tier does not require a credit card and includes welcome and birthday offers, a reward at a $500 spend threshold and free shipping on online orders over $25. The middle tier is tied to Academy’s private-label credit card and offers 5% off purchases at Academy, while the top tier uses a co-branded Mastercard offering rewards on outside spend that can be redeemed at Academy.

Lawrence said enrollment in My Academy Rewards is up double digits year over year, with a goal of adding 2 million members this year and growing total loyalty membership to more than 15 million.

On the omnichannel side, Academy plans to expand same-day delivery partnerships to include Uber Eats and Instacart alongside DoorDash. The company also plans to migrate its site search to Google’s AI Commerce Search and Gemini Enterprise customer experience around the back-to-school period.

Management remains cautious on consumer pressure Despite the stronger quarter, executives repeatedly cited pressure on discretionary spending from high gas prices and inflation. Lawrence said second-quarter sales through Memorial Day were up low single digits in total, with comparable sales roughly flat, and said the company had seen “a little bit of a slowdown” from the consumer.

Ford described the consumer environment as bifurcated. He said higher-income consumers are increasingly shopping at Academy in search of value, with trips from consumers earning more than $100,000 up mid-single digits in the quarter. Lower-income consumers, by contrast, remain under pressure.

Management said upcoming opportunities include the World Cup, America’s 250th birthday, the loyalty and credit card relaunch, and continued growth in e-commerce. Lawrence said World Cup sales should be “mainly incremental,” with product available across the chain and front-of-store presentations in markets hosting matches.

“While inflationary pressures persist, we’re confident in our ability to execute through a range of environments,” Lawrence said in closing remarks, adding that the company intends to continue offering customers “compelling assortments at a strong value.”

About Academy Sports and Outdoors NASDAQ: ASOAcademy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company's product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.

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Key Takeaways Academy Sports posted Q1 sales growth of 6.7% and a comps rise of 2.9%, marking a return to growth.ASO e-commerce grew 17%, with all divisions rising; outdoor led 12% rise as ammo turned positive in February.Academy boosts My Academy Rewards; aims above 2M members to top 15M, even amid gas price and tariff pressure. Academy Sports and Outdoors, Inc. (ASO - Free Report) used its first-quarter fiscal 2026 earnings call to argue that its growth engine is gaining traction again, even as management described a pressured discretionary backdrop. The company returned to positive comparable-sales growth, raised its sales outlook and pointed to momentum in e-commerce, new stores and loyalty.

The more important message from the call was forward-looking. Executives framed the rest of the year around self-help initiatives, offsetting weaker lower-income demand and the drag from elevated gas prices.

ASO Returns to Positive Comps GrowthChief executive officer Steven Lawrence said that fiscal first-quarter sales of $1.44 billion rose 6.7%, while comparable sales increased 2.9%, with traffic up in the low-single digit and average unit retail up in the high-single digit. Lawrence said that the results marked a return to comps growth and came in at the high end of the range that management had discussed in April.

The quarter also topped the Zacks Consensus Estimate on both key headline metrics. Adjusted earnings were $0.93 per share, beating the Zacks Consensus Estimate of earnings of $0.91. Revenues of $1.442 billion surpassed the consensus estimate of $1.439 billion. That translated to an earnings surprise of 2.20% and a revenue surprise of 0.20%.

Chief financial officer Earl Ford said that e-commerce remained a standout, growing more than 17% and expanding penetration by 100 basis points. Ford added that all four divisions posted gains, with outdoor up 12%, sports and recreation rising 6%, apparel growing 5% and footwear inching up 3%.

ASO Benefits From Category & Brand MomentumLawrence highlighted outdoor as the strongest business, supported by fishing and shooting sports. He said the ammunition business turned positive in February after creating headwinds for much of last year, while firearms continued to gain share based on NICS checks data.

During the earnings call, Academy Sports also highlighted newer merchandise initiatives. Lawrence said that suppressors were launched in a limited number of stores during the quarter and are planned for more than 100 stores by the year-end, positioning the category as an incremental sales driver with a high attachment rate to firearms.

On the branded side, management pointed to continued strength in Nike and Jordan, along with growth in better private brands such as Freely and R.O.W. Lawrence said that the combined Nike and Jordan business rose at a mid-single-digit rate and the trend is expected to continue through the year.

ASO Puts More Weight on Loyalty & DigitalA central theme of the call was the relaunch of My Academy Rewards. Lawrence described a three-tier structure spanning base loyalty, a private-label credit card and a co-branded Mastercard, with the program built to increase engagement and make value more visible at the point of sale.

Management said that enrollment is already running up in the double digits year over year and that the goal is to add 2 million members this year, bringing the total loyalty membership above 15 million. Lawrence framed the offer as especially timely because customers are looking for ways to stretch spending.

The digital agenda also remains active. Lawrence said that Academy Sports is expanding same-day delivery to Uber Eats and Instacart in addition to DoorDash, while also planning to migrate on-site search to Google AI Commerce search and Gemini Enterprise tools ahead of the back-to-school season.

Academy Sports Raises Sales Outlook but Retains Margin ViewFord said that the gross margin fell 71 basis points to 33.2% in the quarter, mainly because of tariffs. He broke down the pressure in Q&A, saying tariffs created a 110-basis-point headwind that was partly offset by improvements in shrink and shipping.

Even with that pressure, ASO raised its full-year sales guidance to $6.23-$6.35 billion from $6.15-$6.35 billion. The comparable-sales guidance moved to flat to up 2% from down 1% to up 2%, while adjusted earnings per share guidance remained at $6.40-$6.80.

Ford said that the company expects first-half gross-margin pressure followed by modest back-half expansion, leaving the full-year gross-margin outlook unchanged at 34.5-35%.

ASO Q&A Centers on Consumer & TariffsAnalysts pressed management on whether the strong fiscal first quarter could hold as tax-refund benefits fade. Lawrence said that the business is likely to soften in the fiscal second quarter, with total sales through Memorial Day rising in the low-single digit and comps staying roughly flat, which he tied to higher gas prices.

A Goldman Sachs analyst asked about margin pressure and category mix. Ford responded that tariffs were the main culprit, and the lower-margin outdoor mix, including ammo, was a factor but not the primary driver.

A UBS analyst also pushed on what bridges fiscal first-quarter comps strength to the rest of the year. Ford said that management’s initiatives alone get the business to the mid-point of its full-year comps outlook, while the wider range depends on the lower-income consumer and external events, such as the World Cup and America’s 250th anniversary.

Academy Sports Tone Stays Constructive but CautiousThe call left a measured impression. Lawrence repeatedly emphasized that Academy Sports is building momentum through new stores, loyalty, digital capabilities and category expansion, while also acknowledging a cautious consumer who is increasingly shopping around promotions.

Ford reinforced that posture by pointing to a strong balance sheet, a healthy free cash flow and continued capital returns, but he did not downplay the impacts of gas prices, freight and tariffs on the year’s shape.

Zacks Signals Point to Balanced SetupASO currently carries a Zacks Rank #4 (Sell), alongside a Value Score A, a Growth Score A, a Momentum Score C and a VGM Score A.

Under the Zacks framework, strong Style Scores are most favorable when paired with a Zacks Rank #1 (Strong Buy) or 2 (Buy), while 4 outweighs attractive style characteristics. The A grades on value, growth and VGM indicate favorable underlying style traits, but the current rank points to weaker near-term estimate revision momentum. You can see the complete list of today’s Zacks #1 Rank stocks here.

The combination leaves a mixed signal after the quarter. The Style Scores suggest that ASO has appealing characteristics on several measures, but the Zacks Rank remains the more important screen and can change as earnings estimates are revised following the latest results.

Academy Sports and Outdoors, Inc. (ASO - Free Report) reported $1.44 billion in revenue for the quarter ended April 2026, representing a year-over-year increase of 6.7%. EPS of $0.93 for the same period compares to $0.76 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of +0.16%. The company delivered an EPS surprise of +1.97%, with the consensus EPS estimate being $0.91.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Academy Sports and Outdoors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Comparable Sales Growth: 2.9% compared to the 2.4% average estimate based on four analysts.Stores - EOP: 324 compared to the 325 average estimate based on three analysts.Net Sales- Merchandise Division Sales- Outdoors: $427.35 million compared to the $383.15 million average estimate based on two analysts. The reported number represents a change of +14.9% year over year.Net Sales- Merchandise Division Sales- Sports and recreation: $355.95 million versus $360.84 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3% change.Net Sales- Total Merchandise Sales: $1.43 billion versus $1.39 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.Net Sales- Merchandise Division Sales- Footwear: $300.81 million compared to the $303.51 million average estimate based on two analysts. The reported number represents a change of +2.8% year over year.Net Sales- Merchandise Division Sales- Apparel: $348.35 million versus $343 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.View all Key Company Metrics for Academy Sports and Outdoors here>>>

Shares of Academy Sports and Outdoors have returned -1.5% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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