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NEW YORK--(BUSINESS WIRE)--Urban Edge Properties (NYSE: UE) announced today that it will release its first quarter earnings prior to the market open on Wednesday, April 29, 2026. The Company will host an earnings conference call and audio webcast on April 29, 2026 at 8:30 AM ET.

All interested parties can access the earnings call by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) using conference ID 13759141 or by using the following link for instant telephone access to the event: Call Me. The call will also be webcast and available in listen-only mode at this link: UE First Quarter 2026 Earnings Conference Call, or on the investors page of our website: www.uedge.com.

If you are unable to participate in the live call, a replay will be available at the webcast link above, or on the investors page of our website for one year following the conclusion of the call. A telephonic replay of the call will also be available starting Wednesday, April 29, 2026 at 11:30 AM ET through Wednesday, May 13, 2026 at 11:59 PM ET by dialing 1-844-512-2921 (Toll Free) or 1-412-317-6671 (Toll/International) using conference ID 13759141.

ABOUT URBAN EDGE PROPERTIES

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 73 properties totaling 17.2 million square feet of gross leasable area.

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Urban Edge Properties (UE - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of 3.65% since the start of the year. The real estate investment trust that owns and manages shopping centers is paying out a dividend of $0.21 per share at the moment, with a dividend yield of 4.22% compared to the REIT and Equity Trust - Retail industry's yield of 4.24% and the S&P 500's yield of 1.47%.

Looking at dividend growth, the company's current annualized dividend of $0.84 is up 10.5% from last year. Over the last 5 years, Urban Edge Properties has increased its dividend 4 times on a year-over-year basis for an average annual increase of 11.53%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Urban Edge Properties's current payout ratio is 53%, meaning it paid out 53% of its trailing 12-month EPS as dividend.

Looking at this fiscal year, UE expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $1.49 per share, representing a year-over-year earnings growth rate of 4.20%.

From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.

Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, UE is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).

NEW YORK--(BUSINESS WIRE)--Urban Edge Properties Reports First Quarter 2026 Results.

NEW YORK--(BUSINESS WIRE)--Urban Edge Properties Declares a Quarterly Common Dividend of $0.21 per Share.

Urban Edge Properties is a shopping center REIT focused on densely populated Northeast U.S. markets with limited new supply. UE is driven by strong leasing fundamentals and a robust signed-not-open pipeline. Management guides for 5% FFO per share growth in 2026, supported by embedded rent escalators and redevelopment opportunities.

, /PRNewswire/ -- Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or the "Company") (NYSE: HOG) today reported first quarter 2026 results.

"We're pleased with our first quarter results, which reflect actions we've taken to drive demand and improve dealer health. We saw a 14% increase in retail performance in North America, which drove global retail sales growth of 8%, and achieved a 22% year-over-year reduction in global dealer inventories, as we continue to prioritize aligning wholesale with retail demand. We are energized by the positive early reception to our new RIDE marketing platform, and excited to activate against our new growth strategy, Back to the Bricks," said Artie Starrs, President and CEO, Harley-Davidson.

First Quarter 2026 Highlights and Results

North American retail motorcycle sales of 23,803 units, up 14% vs. prior year Global retail motorcycle sales of 33,507 units, up 8% vs. prior year Global dealer inventory levels of new motorcycles ended Q1 '26 down 22% vs. end Q1 '25 HDMC global motorcycle shipments of 37,295, down 3% vs. prior year HDMC revenue of $1.1 billion, down 2% vs. prior year HDFS operating income margin of 19.9% Delivered diluted EPS of $0.22 Repurchased $128 million of shares (6.6 million shares) on a discretionary basis Incurred $15 million of costs related to strategic changes, including termination benefits and other restructuring charges First Quarter 2026 Results

Harley-Davidson, Inc. Consolidated Financial Results 

$ in millions (except EPS)

1st quarter

2026

2025

Change

Revenue

$1,173

$1,329

-12 %

Operating Income

$23

$160

-85 %

Net Income Attributable to HDI

$25

$133

-81 %

Diluted EPS

$0.22

$1.07

-79 %

Consolidated revenue in the first quarter was down 12 percent, driven largely by an HDFS revenue decrease of 54 percent.

Consolidated operating income in the first quarter was down 85 percent, driven by a decline of 84 percent at HDMC and a decline of 65 percent at HDFS. At the LiveWire segment, the operating loss improved by $2 million or 11 percent lower than the prior year's loss. Consolidated operating income margin in the first quarter was 2 percent relative to 12.1 percent in the first quarter a year ago.

Harley-Davidson Motor Company (HDMC) – Results

$ in millions

1st quarter

2026

2025

Change

Motorcycle Shipments (thousands)

37.3

38.6

-3 %

Revenue

$1,055

$1,082

-2 %

   Motorcycles

$836

$864

-3 %

   Parts & Accessories

$142

$143

-1 %

   Apparel

$57

$57

0 %

   Licensing

$6

$3

98 %

   Other

$14

$14

-2 %

Gross Margin

25.3 %

29.1 %

-3.9 pts.

Operating Income

$19

$116

-84 %

Operating Margin

1.8 %

10.8 %

-9.0 pts.

First quarter global motorcycle shipments decreased 3 percent, in-line with the Company's  expectations. Revenue was down 2 percent, driven by the decrease in wholesale shipments and the unfavorable net effect of global pricing and sales incentives, partially offset by favorable foreign currency. Parts & Accessories revenue was down 1 percent and Apparel revenue was flat.

First quarter gross margin was down 3.9 points due to the cost of new or increased tariffs, the net effect of global pricing and sales incentives, and unfavorable product mix. These factors were partially offset by a favorable court judgement resulting in a tariff refund in the EU and favorable foreign currency. First quarter operating income margin was down 9.0 points due to the factors above, while operating expense was $49 million higher than a year ago, including restructuring expense of $15 million in the quarter.

Harley-Davidson Retail Motorcycle Sales

Motorcycles (thousands)

1st quarter

2026

2025

Change

North America

23.8

20.9

14 %

EMEA

5.0

5.2

-3 %

Asia Pacific

4.0

4.4

-9 %

Latin America

0.7

0.6

21 %

Worldwide Total

33.5

31.0

8 %

Global retail motorcycle sales in the first quarter were up 8 percent versus the prior year, reflecting strong year-over-year results in North America and soft International results. North America retail experienced 16 percent growth in the US, driven by strength in the Touring category and a positive response to the new '26 motorcycle line-up. EMEA retail performance, down 3 percent, was characterized by modest growth in France, the Benelux region and the UK, while the German region experienced a decline. APAC retail performance, down 9 percent, saw declines in most major countries. Latin America retail was characterized by strong gains in Brazil and Mexico.

Harley-Davidson Financial Services (HDFS) – Results

$ in millions

1st quarter

2026

2025

Change

Revenue

$112

$245

-54 %

Operating Income

$22

$64

-65 %

In the first quarter, HDFS revenue was down 54 percent from prior year, driven by lower retail and wholesale finance receivables at lower yields. The decline in retail receivables was due to the sale of loan assets as part of the HDFS transaction, which took place in the second half of 2025. Other income within HDFS revenue was favorable year-over-year due to new servicing fees, investment income, and new gains on third party loan sales.

HDFS' operating income decreased by $42 million in the first quarter or 65 percent. On the expense side, both interest expense and the provision for credit loss expense were significantly lower, which was due to the decreased size of the retail loan portfolio and related debt on a year-over-year basis. Operating expenses decreased by $1 million versus prior year. Total quarter-end net finance receivables, including both retail and wholesale loans, were $2.4 billion, a 67 percent decline over the prior year primarily due to the HDFS transaction.

LiveWire – Results

$ in millions

1st quarter

2026

2025

Change

Revenue

$5

$3

87 %

Operating Loss

($18)

($20)

-11 %

LiveWire revenue for the first quarter increased by 87 percent. The revenue increase was due to higher electric motorcycle unit sales and higher STACYC electric bike sales. LiveWire's operating loss of $18 million in the first quarter compared to a loss of $20 million in the prior year period.

Harley-Davidson, Inc. Other Results – First Quarter 2026

Net cash use of $228 million from operating activities Effective tax rate was 43% Paid cash dividends of $22 million Repurchased $128 million of shares (6.6 million shares) on a discretionary basis, which included 3.1 million shares (valued at $65 million based on share price at delivery) pursuant to the accelerated share repurchase agreement entered into in Q4 '25 with no additional cash outflow in Q1 '26 and 3.5 million shares repurchased on a discretionary basis with an associated cash outflow of $63 million in Q1 '26 Cash and cash equivalents of $1.8 billion at the end of the quarter 2026 Financial Outlook
For the full year 2026, the Company reaffirms its guidance and continues to expect:

HDMC global motorcycle retail sales of 130,000 to 135,000 units HDMC global motorcycle wholesale shipments of 130,000 to 135,000 units HDMC operating income of a $40 million loss to a $10 million profit HDFS operating income of $45 to $60 million LiveWire operating loss of $70 to $80 million Harley-Davidson, Inc. capital investments of $175 to $200 million Company Background
Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, parts & accessories, experiences, riding gear and apparel. What We Make: The World's Best Motorcycles. Period. Who We Serve: Motorcycle Riders Worldwide. Why We Do It: To Protect and Grow Motorcycle Culture. What We Stand For: Life, Liberty and the Pursuit of Happiness. Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and has a controlling interest in Harley-Davidson Financial Services and LiveWire Group, Inc. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road. LiveWire is committed to developing the technology of the future and investing in the capabilities needed to lead the transformation of motorsports. Learn more at harley-davidson.com. 

Webcast
Harley-Davidson will discuss its financial results and outlook on an audio webcast at 8:00 a.m. CDT today. The webcast login and supporting slides can be accessed at http://investor.harley-davidson.com/news-and-events/events-and-presentations. The audio replay will be available by approximately 10:00 a.m. CDT.

Cautionary Note Regarding Forward-Looking Statements
The Company intends that certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by reference to this footnote or because the context of the statement will include words such as the Company "believes," "anticipates," "expects," "plans," "projects," "may," "will," "estimates," "targets," "intends," "forecasts," "seeks," "sees," "should," "feels," "commits," "assumes," "envisions,"  or words of similar meaning. Similarly, statements that describe or refer to future expectations, future plans, strategies, objectives, outlooks, targets, guidance, commitments or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially, unfavorably or favorably, from those anticipated as of the date of this press release. Certain of such risks and uncertainties are described below. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are only made as of the date of this press release, and the Company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Important factors that could affect future results and cause those results to differ materially from those expressed in the forward-looking statements include, among others, the Company's ability to: (a) execute its business plans and strategies, including the Company's new strategic plan announced in the second quarter of 2026, successfully execute its approach to a full enterprise economic model, and strengthen its existing businesses while allowing for growth; (b) manage supply chain and logistics issues, including without limitation quality issues, unexpected interruptions or price increases caused by supplier volatility, raw material shortages, inflation, war or other hostilities, including the conflict in Iran, or natural disasters and longer shipping times and increased logistics costs; (c) manage and predict the impact that new, reinstated or adjusted tariffs may have on the Company's ability to sell products domestically and internationally, and the cost of raw materials and components, including tariffs recently imposed or that may be imposed by the U.S. on foreign goods or rebalancing or other tariffs recently imposed or that may be imposed by foreign countries on U.S. goods; (d) accurately analyze, predict and react to changing market conditions, interest rates, and geopolitical environments, and successfully adjust to shifting global consumer needs and interests, including successfully realigning its product portfolio, which encompasses re-introducing the Sportster; (e) accurately predict the margins of its segments in light of, among other things, tariffs, rebalancing trade measures, inflation, foreign currency exchange rates, the cost associated with product development initiatives and the Company's complex global supply chain; (f) maintain and enhance the value of the Harley-Davidson brand, including detecting and mitigating or remediating the impact of activist collective actions, such as calls for boycotts and other brand-damaging behaviors that could harm the Company's brand or business; (g) manage through changes in general economic and business conditions, including changing capital, credit and retail markets, and the changing domestic and international political environments, including as a result of the conflict in Iran; (h) successfully access the capital and/or credit markets on terms that are acceptable to the Company and within its expectations; (i) successfully carry out its global manufacturing and assembly operations; (j) develop and introduce products, services and experiences on a timely basis that the market accepts, that enable the Company to generate desired sales levels and that provide the desired financial returns, including successfully implementing and executing plans to shift to a rider-centric portfolio that includes a focus on accessibility and customization and growing its Parts & Accessories and Motor Clothes and apparel businesses; (k) perform in a manner that enables the Company to benefit from market opportunities while competing against existing and new competitors; (l) successfully manage and reduce costs throughout the business; (m) manage the impact that prices for and supply of used motorcycles may have on its business, including on retail sales of new motorcycles; (n) prevent, detect and remediate any issues with its motorcycles or any issues associated with the design, manufacturing, or assembly processes to avoid delays in new model launches, recall campaigns, regulatory agency investigations, increased warranty costs or litigation and adverse effects on its reputation and brand strength, and carry out any product programs or recalls within expected costs and timing; (o) successfully manage and reduce costs throughout the business; (p) continue to develop the capabilities of its distributors and dealers, effectively implement changes relating to its  full enterprise economic model, and manage the risks that its dealers may have difficulty obtaining capital and managing through changing economic conditions and consumer demand; (q) realize the desired business benefits from LiveWire operating as a separate public company, which may be affected by, among other things: (i) the ability of LiveWire to execute its plans to develop, produce, market and sell its electric vehicles; (ii) the demand for and consumer willingness to adopt two- and three-wheeled electric vehicles; (iii) the ability of LiveWire to obtain sufficient funding from sources other than the Company to sustain its operations; and (iv) other risks and uncertainties indicated in documents filed with the SEC by the Company or LiveWire Group, Inc., including those risks and uncertainties noted in Risk Factors under Item 1.A of LiveWire Group Inc.'s most recent Annual Report on Form 10-K; (r) manage the quality and regulatory non-compliance issues relating to the brake hose assemblies provided to the Company by Proterial Cable America, Inc. in a manner that avoids future quality or non-compliance issues and additional costs or recall expenses that are material; (s) maintain a productive relationship with Hero MotoCorp as a distributor and licensee of the Harley-Davidson brand name; (t) successfully maintain or achieve a manner in which to sell motorcycles in Europe, China, and the Company's Association of Southeast Asian Nations (ASEAN) countries that does not subject its motorcycles to incremental tariffs; (u) manage its Thailand corporate and manufacturing operation in a manner that allows the Company to avail itself of preferential free trade agreements and duty rates, and sufficiently lower prices of its motorcycles in certain markets; (v) retain and attract talented employees and leadership and qualified and experienced independent directors for its Board of Directors, eliminate personnel duplication, inefficiencies and complexity throughout the organization, and successfully complete transitions of executives, and effectively manage the return to on-site work of Milwaukee-based corporate employees at specified Company facilities; (w) accurately estimate and adjust to fluctuations in foreign currency exchange rates, interest rates and commodity prices; (x) manage the credit quality, the loan servicing and collection activities, and the recovery rates of Harley-Davidson Financial Services' loan portfolio; (y) prevent a ransomware attack or cybersecurity incidents and data privacy breaches and respond to related evolving regulatory requirements; (z) adjust to tax reform, healthcare inflation and reform and pension reform, and successfully estimate the impact of any such reform on the Company's business; (aa) manage through the effects inconsistent and unpredictable weather patterns may have on retail sales of motorcycles; (bb) implement and manage enterprise-wide information technology systems, including systems at its manufacturing facilities; (cc) manage changes, prepare for, and respond to evolving requirements in legislative and regulatory environments related to its products, services and operations, including increased environmental, safety, emissions or other regulations; (dd) manage its exposure to product liability claims in a manner that avoids or successfully mitigates the impact of substantial jury verdicts and manage exposure in commercial or contractual disputes; (ee) continue to manage the relationships and agreements that the Company has with its labor unions to help drive long-term competitiveness; (ff) realize the desired business benefits from KKR's and PIMCO's investments in Harley-Davidson Financial Services, Inc.; (gg) manage risks related to functions the Company outsources and the use of artificial intelligence by the Company and its vendors and suppliers; (hh) achieve anticipated results with respect to the Company's preowned motorcycle program, Harley-Davidson Certified, the Company's H-D1 Marketplace, and Apparel and Licensing; (ii) optimize capital allocation in light of the Company's capital allocation priorities; (jj) manage the Company's share repurchase strategy; (kk) manage issues related to climate change and related regulations; and (ll) realize the expected effects of the anticipated increase in Harley-Davidson Financial Services, Inc.'s retail finance receivable base on Harley-Davidson Financial Services, Inc.'s operating income.

The Company's ability to sell its motorcycles and related products and services and to meet its financial expectations also depends on the ability of the Company's dealers to sell its motorcycles and related products and services to retail customers. The Company depends on the capability and financial capacity of its dealers to develop and implement effective retail sales plans to create demand for the motorcycles and related products and services they purchase from the Company. In addition, the Company's dealers and distributors may experience difficulties in operating their businesses and selling Harley-Davidson motorcycles and related products and services as a result of weather, economic conditions, or other factors.

Harley-Davidson Financial Services, Inc.'s retail credit losses will continue to change over time due to changing consumer credit behavior, macroeconomic conditions including the impact of inflation and Harley-Davidson Financial Services, Inc.'s efforts to increase prudently structured loan approvals to sub-prime borrowers. In addition, Harley-Davidson Financial Services, Inc.'s efforts to adjust underwriting criteria based on market and economic conditions, and actions that the Company has taken and could take that impact motorcycle values, may impact Harley-Davidson Financial Services, Inc.'s retail credit losses.

The Company's operations, demand for its products, and its liquidity could be adversely impacted by changes in tariffs, inflation, work stoppages, facility closures, strikes, natural causes, widespread infectious disease, terrorism, war or other hostilities, including the conflict in Iran, or other factors. Refer to "Risk Factors" under Item 1.A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 26, 2026, for a discussion of additional risk factors and a more complete discussion of some of the cautionary statements noted above.

### (HOG-Earnings)

Harley-Davidson, Inc.

Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

(Unaudited)

Three months ended

March 31,

March 31,

2026

2025

HDMC revenue

$    1,055,471

$     1,081,505

Gross profit

266,989

315,244

Selling, administrative and engineering expense

248,064

198,972

  Operating income from HDMC

18,925

116,272

LiveWire revenue

5,116

2,743

Gross loss

(535)

(1,781)

Selling, administrative and engineering expense

17,136

18,028

  Operating loss from Livewire

(17,671)

(19,809)

HDFS revenue

111,944

244,961

HDFS expense

89,704

180,925

  Operating income from HDFS

22,240

64,036

Operating income

23,494

160,499

Other income, net

13,477

16,273

Investment income

8,696

8,941

Interest expense

(3,570)

(7,686)

Income before income taxes

42,097

178,027

Income tax provision

17,974

47,230

Net income

$         24,123

$        130,797

Less: Loss attributable to noncontrolling interests

650

2,307

Net income attributable to Harley-Davidson, Inc. 

$         24,773

$        133,104

Earnings per share:

  Basic

$              0.23

$               1.07

  Diluted

$              0.22

$               1.07

Weighted-average shares:

  Basic

110,016

123,947

  Diluted

110,768

124,724

Cash dividends per share:

$         0.1875

$           0.1800

LiveWire results presented in the Company's financial statements represent the LiveWire reportable segment as determined in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 280 Segment Reporting which may differ from LiveWire Group, Inc. results.

Harley-Davidson, Inc.

Condensed Consolidated Balance Sheets

(In thousands)

(Unaudited)

(Unaudited)

March 31,

December 31,

March 31,

2026

2025

2025

ASSETS

Current assets:

    Cash and cash equivalents

1,805,068

3,091,744

1,931,175

    Accounts receivable, net

285,786

225,760

313,334

    Finance receivables held for sale, net

426,792

264,238

-

    Finance receivables held for investment, net

1,187,550

981,926

2,286,672

    Inventories, net

622,189

730,898

712,312

    Restricted cash

-

-

150,132

    Other current assets

415,301

292,383

253,687

4,742,686

5,586,949

5,647,312

Finance receivables held for investment, net

827,061

719,060

5,112,935

Other long-term assets

1,675,914

1,738,806

1,622,134

$     7,245,661

$    8,044,815

$   12,382,381

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

    Accounts payable and accrued liabilities

$     1,232,554

$    1,061,194

$     1,105,802

    Short-term deposits, net

248,642

280,095

178,376

    Short-term debt

498,685

497,776

498,500

    Current portion of long-term debt, net

498,246

819,629

1,839,100

2,478,127

2,658,694

3,621,778

Long-term debt, net

1,134,865

1,649,612

4,963,261

Other long-term liabilities

552,534

579,659

623,652

Shareholders' equity

3,080,135

3,156,850

3,173,690

$     7,245,661

$    8,044,815

$   12,382,381

Harley-Davidson, Inc.

Condensed Consolidated Statements of Cash Flows

 (In thousands)

(Unaudited)

Three months ended

March 31,

March 31,

2026

2025

Net cash (used) provided by operating activities

$      (228,021)

$        141,534

Cash flows from investing activities:

  Capital expenditures

(31,792)

(29,973)

  Finance receivables held for investment, net

(122,138)

91,197

  Collection from retained securitization beneficial interests

10,261

-

  Proceeds from derivative instruments

51,574

-

  Other investing activities

91

171

Net cash (used) provided by investing activities

(92,004)

61,395

Cash flows from financing activities:

  Proceeds from issuance of medium-term notes

-

647,088

  Repayments of medium-term notes

(810,950)

-

  Repayments of securitization debt

-

(292,671)

  Net increase (decrease) in unsecured commercial paper

2,364

(140,778)

  Borrowings of asset-backed commercial paper

-

155,000

  Repayments of asset-backed commercial paper

-

(65,004)

  Net decrease in deposits

(59,193)

(37,439)

  Dividends paid

(21,540)

(22,921)

  Repurchase of common stock

(70,018)

(93,095)

  Other financing activities

-

5

Net cash (used) provided by financing activities

(959,337)

150,185

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(7,314)

3,299

Net (decrease) increase in cash, cash equivalents and restricted cash

$  (1,286,676)

$        356,413

Cash, cash equivalents and restricted cash:

Cash, cash equivalents and restricted cash, beginning of period

$    3,091,744

$     1,740,854

Net (decrease) increase in cash, cash equivalents and restricted cash

(1,286,676)

356,413

Cash, cash equivalents and restricted cash, end of period

$    1,805,068

$     2,097,267

Reconciliation of cash, cash equivalents and restricted cash on the Consolidated balance sheets to the Consolidated statements of cash flows: 

  Cash and cash equivalents

$    1,805,068

$     1,931,175

  Restricted cash

-

150,132

  Restricted cash included in Other long-term assets

-

15,960

  Cash, cash equivalents and restricted cash per the Consolidated statements of cash flows

$    1,805,068

$     2,097,267

HDMC Revenue and Motorcycle Shipment Data

(Unaudited)

Three months ended

March 31,

March 31,

2026

2025

HDMC REVENUE (in thousands)

  Motorcycles

$       836,294

$        863,863

  Parts and accessories

142,243

143,433

  Apparel

57,313

57,322

  Licensing

6,048

3,058

  Other

13,573

13,829

$    1,055,471

$     1,081,505

HDMC U.S. MOTORCYCLE SHIPMENTS

23,884

24,865

HDMC WORLDWIDE MOTORCYCLE SHIPMENTS

    Grand American Touring(a)

21,520

23,678

    Cruiser

10,659

11,860

    Sport and Lightweight

3,731

2,108

    Adventure Touring

1,385

955

37,295

38,601

(a) Includes Trike

LiveWire Motorcycle Shipments

91

33

HDMC Gross Profit

(Unaudited)

The estimated impact of significant factors affecting the comparability of gross profit from the first quarter of 2025 to the
first quarter of 2026 were as follows (in millions):

2025 gross profit

$               315

Volume

(10)

Price and sales incentives

(22)

Foreign currency exchange rates and hedging

14

Shipment mix

(21)

Raw material prices

1

Manufacturing and other costs

(10)

(48)

2026 gross profit

$               267

HDFS Finance Receivables Allowance for Credit Losses

(Unaudited)

Three months ended

March 31,

March 31,

2026

2025

Balance, beginning of period

$            2,235

$        401,183

Provision for credit losses

13,153

53,334

Charge-offs, net of recoveries

6,208

(61,339)

Balance, end of period

$         21,596

$        393,178

Worldwide Retail Sales of Harley-Davidson Motorcycles(a)

(Unaudited)

Three months ended

March 31,

March 31,

2026

2025

United States

22,245

19,207

Canada

1,558

1,685

Total North America

23,803

20,892

EMEA

5,034

5,175

Asia Pacific

3,967

4,362

Latin America

703

581

      Total worldwide retail sales

33,507

31,010

(a) Data source for retail sales figures shown above is new sales warranty and registration information provided by dealers and compiled by the Company. The Company must rely on information that its dealers supply concerning new retail sales, and the Company does not regularly verify the information that its dealers supply. This information is subject to revision.

SOURCE Harley-Davidson, Inc.

The motorcycle company's new chief executive, Artie Starrs, hopes to increase sales with lower-priced bikes.

The motorcycle maker reported earnings per share of 22 cents from sales of $1.2 billion. Wall Street was looking for earnings per share of 22 cents from sales of $1 billion.

Key Takeaways HOG Q1 EPS fell to 22 cents, missing estimates as operating margin slid to 2% from 12.1%.Harley-Davidson says new or higher tariffs, incentives and mix drove HDMC margin drop to 1.8%.HOG reaffirmed 2026 outlook. Retail and shipments expected to be 130k-135k & HDMC op income -$40M to $10M. Harley-Davidson, Inc. (HOG - Free Report) reported first-quarter 2026 earnings of 22 cents per share, missing the Zacks Consensus Estimate of 34 cents by 36.1%. Earnings also dropped 79% from $1.07 a year ago.

Profitability deteriorated sharply despite the revenue beat. Harley-Davidson posted consolidated operating income of $23 million versus $160 million in the year-ago quarter, pushing operating margin down to 2% from 12.1%. Net income attributable to the company fell to $25 million from $133 million, reflecting pressure across key segments.

Revenues at Harley-Davidson Motor Company (HDMC) came in at $1,055 million, which declined 2% year over year but topped the Zacks Consensus Estimate of $958 million by 10.7%. The quarter featured a 22% year-over-year reduction in global dealer inventory of new motorcycles, underscoring the company’s push to better align wholesale with retail demand.

HOG currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Harley-Davidson Sees Retail Growth Across Key MarketsDemand indicators were better than the income statement suggests. Global retail motorcycle sales rose 8% year over year to 33,507 units, led by North America, where retail sales increased 14% to 23,803 units. The company cited strength in the United States, particularly in the Touring category, along with a favorable response to the 2026 motorcycle lineup.

Outside North America, results were softer. EMEA retail sales declined 3% year over year, while Asia Pacific fell 9%. Latin America was a bright spot, with retail up 21%, supported by gains in Brazil and Mexico. Management also pointed to encouraging early reception of its new RIDE marketing platform and said it is preparing to activate its “Back to the Bricks” growth strategy.

HOG’s HDMC Margin Hit by Tariffs and IncentivesRevenues from HDMC decreased 2% to $1,055 million as global motorcycle shipments slipped 3% to 37,295 units. Within HDMC, motorcycle revenues fell 3% to $836 million, parts and accessories dipped 1% to $142 million, and apparel was flat at $57 million, reflecting a mixed top-line backdrop.

The bigger issue was margin compression. HDMC's gross margin declined to 25.3% from 29.1% and its operating margin dropped to 1.8% from 10.8% a year earlier. The company attributed the deterioration to the cost of new or increased tariffs, the net effect of global pricing actions and sales incentives, and unfavorable product mix, partially offset by favorable foreign currency and an EU-related tariff refund tied to a favorable court judgment. Operating expenses rose $49 million year over year, including the $15 million restructuring expense recorded during the quarter.

Harley-Davidson Financial Services Revenues DropHDFS posted revenues of $112 million, down 54% year over year, while operating income declined 65% to $22 million.

The company linked the revenue decline to lower retail and wholesale finance receivables at lower yields. It also noted that the reduction in retail receivables reflected loan-asset sales tied to the HDFS transaction completed in the second half of 2025. Offsetting items included improved “other income” from new servicing fees, investment income and gains on third-party loan sales. Total quarter-end net finance receivables (retail plus wholesale) were $2.4 billion, down 67% from the prior year.

HOG’s LiveWire Sees Improved ResultsIn the quarter under review, LiveWire revenues rose to $5 million from $3 million, an 87% increase, driven by higher electric motorcycle unit sales and increased STACYC electric balance bike sales.

LiveWire’s operating loss narrowed to $18 million from $20 million a year ago, reflecting better gross margin on higher revenues and lower selling, administrative and engineering expenses.

HOG’s Financial Position & Capital ReturnsIn the first quarter, selling, general and administrative expenses from the HDMC unit increased to $248.1 million from $199 million in the year-ago quarter. Harley-Davidson had cash and cash equivalents of $1.8 billion as of March 31, 2026. The long-term debt decreased to $1.13 billion from $1.65 million recorded as of Dec. 31, 2025. Net cash used in operating activities was $228 million.

The company paid dividends of 22 million and repurchased $128 million worth of shares on a discretionary basis in the first quarter of 2025.

HOG Reaffirms 2026 GuidanceFor full-year 2026, Harley-Davidson reaffirmed expectations for HDMC global motorcycle retail sales of 130,000-135,000 units and wholesale shipments of 130,000-135,000 units. It continues to project HDMC operating income ranging from a $40 million loss to a $10 million profit, HDFS operating income of $45-$60 million and LiveWire operating loss of $70-$80 million, with capital investments of $175-$200 million.

Key Releases From the Auto SpaceGeneral Motors (GM - Free Report) delivered first-quarter 2026 adjusted earnings of $3.70 per share, which rose 33% year over year and topped the Zacks Consensus Estimate of $2.61. Revenues of $43.62 billion slipped 0.9% year over year and missed the consensus mark of $43.94 billion by 0.7%. Management increased full-year 2026 EBIT-adjusted guidance to $13.5-$15.5 billion (versus $13-$15 billion guided earlier) and lifted its adjusted earnings outlook to $11.50-$13.50 per share (compared with the prior forecast of $11-$13 per share). General Motors now expects gross tariff costs of $2.5-$3.5 billion in 2026, down from the prior forecast of $3-$4 billion, while maintaining its adjusted automotive free cash flow target of $9-$11 billion. 

Ford (F - Free Report) reported first-quarter 2026 adjusted earnings per share of 66 cents, which beat the Zacks Consensus Estimate of 20 cents and increased from 14 cents in the prior-year quarter. Ford’s total automotive revenues rose 6.4% year over year to $39.82 billion, which surpassed the Zacks Consensus Estimate of $39.34 billion by 1.21%. The company’s consolidated first-quarter revenues came in at $43.3 billion, up 6.4% year over year. Ford raised full-year 2026 adjusted EBIT guidance to $8.5-$10.5 billion, up from $8-$10 billion. It reiterated its adjusted free cash flow outlook at $5-$6 billion.

Harley Davidson (HOG) is at a pivotal turnaround moment, with operational synergies and cultural resurgence driving a bullish long-term outlook. HOG's Q1 showed real demand growth, dealer network revitalization, and a shift toward a rider-first, culture-centric strategy to reclaim relevance and profitability. The equity is moderately undervalued, with a bull-case 2-year CAGR of 35–40% and a 12-month price target of $31.50, but downside risk remains significant.

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MILWAUKEE, June 2, 2026 /PRNewswire/ -- Harley-Davidson, Inc. (the "Company") (NYSE: HOG) announced today that it will present at Baird 2026 Global Consumer, Technology & Services Conference at the InterContinental New York Barclay in New York, New York on Wednesday, June 3, 2026. President and Chief Executive Officer Artie Starrs and Head of Investor Relations Shawn Collins will present in one-on-one and group sessions and answer questions about the Company.

Company Background 
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. 

### (HOG-OTHER)

SOURCE Harley-Davidson, Inc.

A month has gone by since the last earnings report for Harley-Davidson (HOG - Free Report) . Shares have added about 1.7% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Harley-Davidson due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Harley-Davidson, Inc. before we dive into how investors and analysts have reacted as of late.

HOG Q1 Earnings Miss EstimatesHarley-Davidson reported first-quarter 2026 earnings of 22 cents per share, missing the Zacks Consensus Estimate of 34 cents by 36.1%. Earnings also dropped 79% from $1.07 a year ago.

Profitability deteriorated sharply despite the revenue beat. Harley-Davidson posted consolidated operating income of $23 million versus $160 million in the year-ago quarter, pushing operating margin down to 2% from 12.1%. Net income attributable to the company fell to $25 million from $133 million, reflecting pressure across key segments.

Revenues at Harley-Davidson Motor Company (HDMC) came in at $1,055 million, which declined 2% year over year but topped the Zacks Consensus Estimate of $958 million by 10.7%. The quarter featured a 22% year-over-year reduction in global dealer inventory of new motorcycles, underscoring the company’s push to better align wholesale with retail demand.

Harley-Davidson Sees Retail Growth Across Key MarketsDemand indicators were better than the income statement suggests. Global retail motorcycle sales rose 8% year over year to 33,507 units, led by North America, where retail sales increased 14% to 23,803 units. The company cited strength in the United States, particularly in the Touring category, along with a favorable response to the 2026 motorcycle lineup.

Outside North America, results were softer. EMEA retail sales declined 3% year over year, while Asia Pacific fell 9%. Latin America was a bright spot, with retail up 21%, supported by gains in Brazil and Mexico. Management also pointed to encouraging early reception of its new RIDE marketing platform and said it is preparing to activate its “Back to the Bricks” growth strategy.

HOG’s HDMC Margin Hit by Tariffs and IncentivesRevenues from HDMC decreased 2% to $1,055 million as global motorcycle shipments slipped 3% to 37,295 units. Within HDMC, motorcycle revenues fell 3% to $836 million, parts and accessories dipped 1% to $142 million, and apparel was flat at $57 million, reflecting a mixed top-line backdrop.

The bigger issue was margin compression. HDMC's gross margin declined to 25.3% from 29.1% and its operating margin dropped to 1.8% from 10.8% a year earlier. The company attributed the deterioration to the cost of new or increased tariffs, the net effect of global pricing actions and sales incentives, and unfavorable product mix, partially offset by favorable foreign currency and an EU-related tariff refund tied to a favorable court judgment. Operating expenses rose $49 million year over year, including the $15 million restructuring expense recorded during the quarter.

Harley-Davidson Financial Services Revenues DropHDFS posted revenues of $112 million, down 54% year over year, while operating income declined 65% to $22 million.

The company linked the revenue decline to lower retail and wholesale finance receivables at lower yields. It also noted that the reduction in retail receivables reflected loan-asset sales tied to the HDFS transaction completed in the second half of 2025. Offsetting items included improved “other income” from new servicing fees, investment income and gains on third-party loan sales. Total quarter-end net finance receivables (retail plus wholesale) were $2.4 billion, down 67% from the prior year.

HOG’s LiveWire Sees Improved ResultsIn the quarter under review, LiveWire revenues rose to $5 million from $3 million, an 87% increase, driven by higher electric motorcycle unit sales and increased STACYC electric balance bike sales.

LiveWire’s operating loss narrowed to $18 million from $20 million a year ago, reflecting better gross margin on higher revenues and lower selling, administrative and engineering expenses.

HOG’s Financial Position & Capital ReturnsIn the first quarter, selling, general and administrative expenses from the HDMC unit increased to $248.1 million from $199 million in the year-ago quarter. Harley-Davidson had cash and cash equivalents of $1.8 billion as of March 31, 2026. The long-term debt decreased to $1.13 billion from $1.65 million recorded as of Dec. 31, 2025. Net cash used in operating activities was $228 million.

The company paid dividends of 22 million and repurchased $128 million worth of shares on a discretionary basis in the first quarter of 2025.

HOG Reaffirms 2026 GuidanceFor full-year 2026, Harley-Davidson reaffirmed expectations for HDMC global motorcycle retail sales of 130,000-135,000 units and wholesale shipments of 130,000-135,000 units. It continues to project HDMC operating income ranging from a $40 million loss to a $10 million profit, HDFS operating income of $45-$60 million and LiveWire operating loss of $70-$80 million, with capital investments of $175-$200 million.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.

The consensus estimate has shifted -16.23% due to these changes.

VGM ScoresAt this time, Harley-Davidson has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. However, the stock has a score of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Harley-Davidson has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerHarley-Davidson belongs to the Zacks Automotive - Domestic industry. Another stock from the same industry, General Motors (GM - Free Report) , has gained 3.8% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.

General Motors reported revenues of $43.62 billion in the last reported quarter, representing a year-over-year change of -0.9%. EPS of $3.70 for the same period compares with $2.78 a year ago.

General Motors is expected to post earnings of $3.12 per share for the current quarter, representing a year-over-year change of +23.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.7%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for General Motors. Also, the stock has a VGM Score of A.

On June 8, 2026, wealth manager Pine Valley Investments Ltd Liability Co disclosed a buy of 1,133,505 Harley-Davidson shares, an estimated $22.22 million trade based on quarterly average pricing.

What happenedAccording to a June 8, 2026 SEC filing, Pine Valley Investments increased its position in Harley-Davidson (HOG +5.41%) by 1,133,505 shares. The estimated transaction value is $22.22 million, calculated using the average closing price during the first quarter of 2026. The quarter-end value of the stake rose by $22.61 million, which includes the impact of share purchases and price changes.

What else to knowPine Valley’s buy brought its Harley-Davidson stake to 2.11% of 13F assets under management as of March 31, 2026.Top five holdings after the filing:NYSEMKT:SPY: $92.51 million (4.5% of AUM)NASDAQ:AAPL: $65.52 million (3.2% of AUM)NASDAQ:NVDA: $60.82 million (3.0% of AUM)NASDAQ:GOOGL: $55.57 million (2.7% of AUM)As of June 5, 2026, Harley-Davidson shares were priced at $24.30, up 3.6% over the past year, underperforming the S&P 500 by 20.7 percentage points.Company/Etf overviewMetricValueRevenue (TTM)$4.47 billionNet income (TTM)$338.74 millionDividend yield2.93%Price (as of market close 6/5/26)$24.30Company/Etf snapshotManufactures and sells motorcycles, motorcycle parts, accessories, apparel, and related financial services.Generates revenue through sales of motorcycles and related products, as well as financing and insurance services offered to dealers and retail customers.Serves retail customers globally through a network of independent dealers and e-commerce channels, with a primary focus on the United States and international expansion.Harley-Davidson, Inc. is a leading manufacturer of heavyweight motorcycles and related products, supported by a global dealer network and diversified revenue streams from both product sales and financial services. The company leverages its iconic brand and extensive distribution to maintain a strong presence in the recreational vehicle market.

What this transaction means for investorsWealth manager Pine Valley made a major investment in motorcycle manufacturer Harley Davidson. There is typically nothing quiet about a Harley Davidson, but on the stock markets, it has quietly generated outstanding returns in a choppy market.

Harley Davidson stock is up some 23% year-to-date, fueled by its “Back to the Bricks” growth strategy which involves reducing costs, strengthening its relationship with dealers, focusing on core strengths, regaining market share, and generating $350 million in EBITDA in 2027 for HDMC, its motorcycle division.

In fiscal 2026, HDMC is anticipating operating income of -$40 million to +$10 million, so $350 million in EBITDA is an ambitious goal for the company and new CEO Artie Starr, who came over last year from Topgolf.

The stock is cheap, trading at 12 times earnings, but the tepid outlook for this fiscal year leves the forward P/E ratio high at 76. Wall Street is not particularly bullish on it with a median price target of $26 per share, which would indicate about 4% upside.

The management at Pine Valley, however, may be looking down the road and likes what it sees with the turnaround plan. Investors may want to move cautiously.

Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, and Nvidia. The Motley Fool recommends Harley-Davidson. The Motley Fool has a disclosure policy.

By Reuters

June 9, 20262:08 PM UTCUpdated June 9, 2026

The logo of American motorcycle manufacturer Harley-Davidson is seen on a motobike at an Harley-Davidson dealership in Paris, France, April 8, 2025. REUTERS/Gonzalo Fuentes Purchase Licensing Rights, opens new tab

June 9 (Reuters) - Harley-Davidson (HOG.N), opens new tab said on Tuesday it is bringing ​production of the ‌Revolution Max engine platform for North America back to ​the U.S.

The motorbike ​maker uses the engine ⁠in its Sportster S, ​Nightster and Pan America ​1250 models.

Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.

The move also brings machining, powertrain assembly, painting, ​and final vehicle assembly ​work back to Harley-Davidson's facilities ‌in ⁠Pennsylvania and Wisconsin.

The company said its production transition is expected to be ​completed ​ahead ⁠of the start of Model Year ​2028 production in ​2027.

It ⁠expects to make over 100,000 motorcycles out of ⁠its ​York, Pennsylvania ​facility in 2027.

Reporting by Parth Chandna; ​Editing by Sahal Muhammed

Our Standards: The Thomson Reuters Trust Principles., opens new tab

, /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 first quarter fiscal 2026 financial results before the market opens on Tuesday, June 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 13760700. 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 13760700.

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

Wall Street expects a year-over-year increase in earnings on higher revenues when Academy Sports and Outdoors, Inc. (ASO - Free Report) reports results for the quarter ended April 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on June 9, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.94 per share in its upcoming report, which represents a year-over-year change of +23.7%.

Revenues are expected to be $1.44 billion, up 6.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.27% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Academy Sports and Outdoors?For Academy Sports and Outdoors, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.91%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Academy Sports and Outdoors will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Academy Sports and Outdoors would post earnings of $2.03 per share when it actually produced earnings of $1.97, delivering a surprise of -2.96%.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Academy Sports and Outdoors appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

, /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]

SOURCE Academy Sports + Outdoors

Academy Sports and Outdoors 16‑week momentum reversal and improving comps signal a shift from decline to recovery, setting up a potential narrative reset as Q1 FY26 approaches. Margin expansion toward 34.5–35% and renewed sales strength—supported by loyalty, online growth, and the Jordan launch—strengthen the case for a durable turnaround. With FY26 EPS near $6.29 and a forward P/E of 8.3, ASO trades at a steep discount to DKS; guidance upside and margin confirmation could drive meaningful re‑rating.

First Quarter Sales Growth of 6.7%; Comparable Sales Growth of 2.9% 

eCommerce Sales Increase of 17.4%

New Stores Comp Positive High Single Digits

First Quarter Diluted GAAP EPS of $0.80; up 17.6%; Adjusted EPS of $0.93; up 22.4%

 Opened Two New Stores in Ohio and Oklahoma

Company Raises Guidance Based on First Quarter Performance

KATY, Texas, June 09, 2026 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) (“Academy” or the “Company”) today announced its financial results for the first quarter ended May 2, 2026.

“We were pleased with the continued improvement in our results in Q1, with total sales up 6.7%, driven by increases in both traffic and average ticket,” said Steve Lawrence, Chief Executive Officer. “Based on our Q1 performance, we are raising the low end of our full-year guidance. While we expect inflationary pressures to continue impacting consumer spending for the remainder of the year, our goal is to build on the momentum in our business. We plan to accomplish this by methodically executing against our long-range strategies as we continue to offer customers compelling assortments at outstanding values.”

First Quarter Operating Results
($ in millions, except per share data)Thirteen Weeks Ended  ChangeMay 2, 2026May 3, 2025  %Net sales$1,442.0  $1,351.4  6.7 %Comparable sales 2.9 % (3.7)%   Income before income tax$68.9  $63.0  9.4 %Net income$52.7  $46.1  14.3 %Adjusted net income (1)$61.2  $51.6  18.6 %Earnings per common share, diluted$0.80  $0.68  17.6 %Adjusted earnings per common share, diluted (1)$0.93  $0.76  22.4 %(1) Adjusted net income and adjusted earnings per common share (EPS), diluted are non-GAAP measures. See “Non-GAAP Measures” and “Reconciliations of GAAP to Non-GAAP Financial Measures” below for reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures.   Thirteen Weeks Ended ChangeBalance Sheet ($ in millions)May 2, 2026 May 3, 2025 %Cash and cash equivalents$337.8 $285.1 18.5 %Merchandise inventories, net (1)$1,654.4 $1,560.0 6.1 %Long-term debt, net$480.3 $482.2 (0.4)%(1) As of May 2, 2026 inventory per store was down 6.8% in units and down 0.8% in dollars.   Thirteen Weeks Ended ChangeCapital Allocation ($ in millions)May 2, 2026 May 3, 2025 %Share repurchases (1)$99.3 $99.9 (0.6)%Dividends paid$9.6 $8.7 10.3 %(1) Includes excise tax fees of $0.8 million and $0.9 million for the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively.  Subsequent to the end of the first quarter, Academy announced that its Board of Directors on June 4, 2026 declared a quarterly cash dividend with respect to the quarter ended May 2, 2026, of $0.15 per share of common stock. The dividend is payable on July 16, 2026, to stockholders of record as of the close of business on June 18, 2026.

New Store Openings
Academy opened two new stores during the first quarter, bringing its total to 324 locations. The Company plans to open three stores during the second quarter, with the remaining 15-20 to be opened in the second half 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 period1st Quarter 20252985—303FY 202529824—3221st Quarter 20263222—324  Time FrameTotal 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)1st Quarter 202520,604275 20,879FY 202520,6041,321—21,9251st Quarter 202621,925112—22,037(1) Figures in thousands  2026 Outlook

“The first quarter got off to a good start, and we delivered a 6.7% increase in sales, a 14.2% increase in free cash flow, a 14.3% increase in net income, and a 17.6% increase in GAAP EPS,” said Carl Ford, Executive Vice President and Chief Financial Officer. “We remain prudent about the macroenvironment and the updated fiscal 2026 guidance range reflects our belief that the consumer will remain under pressure for the duration of 2026. We're confident that our strategies will allow us to serve this consumer and deliver value to shareholders.”

Academy is providing the following updated guidance for fiscal 2026 (i.e., year ending January 30, 2027), as compared to the original guidance given on March 17, 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.

 Original Fiscal 2026
GuidanceUpdated Fiscal 2026
Guidance change
(at midpoint)(in millions, except per share amounts)Low endHigh endLow endHigh end2025
Actualsvs. 2025Net sales$6,175  $6,355  $6,230  $6,355  $6,053  4.0 %                        Sales Growth 2.0 % 5.0 % 3.0 % 5.0 % 2.0 %100.0 %                        Comparable sales (1) (1.0)% 2.0 % — % 2.0 % (1.5)%166.7 %                        Gross margin rate 34.5 % 35.0 % 34.5 % 35.0 % 34.8 %— %                        GAAP net income$380  $415  $390  $415  $377  6.8 %                        Adjusted net income (2)$410  $445  $420  $445  $393  10.1 %                        GAAP earnings per common share, diluted$5.65  $6.15  $5.95  $6.35  $5.54  11.0 %                        Adjusted earnings per common share, diluted (2)$6.10  $6.60  $6.40  $6.80  $5.78  14.2 %                        Diluted weighted average common shares 67   67   66   66   ~68  (3.0)%                        Capital Expenditures$200  $240  $200  $240  $213  3.3 %                        Adjusted free cash flow (2), (3)$250  $300  $250  $300  $263  4.6 %                          The earnings per share estimates do not include any potential future share repurchases and assume a tax rate of 22.0% to 23.0%.

(1) We define comparable sales as the percentage of period-over-period net sales increase or decrease, in the aggregate, for stores open after thirteen full fiscal months, as well as for all ecommerce sales.

(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. callers1-877-407-3982 International callers1-201-493-6780 Passcode13760700   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 May 2, 2026 to be filed on June 10, 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 in 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 May 2, 2026 Percentage of
Sales (1) May 3, 2025 Percentage of
Sales (1)Net sales$1,442,003 100.0 % $1,351,409 100.0 %Cost of goods sold 962,655 66.8 %  892,540 66.0 %Gross margin 479,348 33.2 %  458,869 34.0 %Selling, general and administrative expenses 404,693 28.1 %  389,604 28.8 %Operating income 74,655 5.2 %  69,265 5.1 %Interest expense, net 8,988 0.6 %  9,044 0.7 %Other income, net 3,222 0.2 %  2,807 0.2 %Income before income taxes 68,889 4.8 %  63,028 4.7 %Income tax expense 16,186 1.1 %  16,944 1.3 %Net income$52,703 3.7 % $46,084 3.4 %              Earnings Per Common Share:             Basic$0.82     $0.69    Diluted$0.80     $0.68                  Weighted Average Common Shares
Outstanding:             Basic 64,432      67,122    Diluted 65,945      68,170    (1) Column may not add due to rounding  ACADEMY SPORTS AND OUTDOORS, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Amounts in thousands, except per share data)
  May 2, 2026 January 31, 2026 May 3, 2025 ASSETS         CURRENT ASSETS:         Cash and cash equivalents$337,810 $330,320 $285,104 Accounts receivable - less allowance for doubtful
accounts of $1,209, $1,792 and $2,584, respectively 17,671  34,755  16,869 Merchandise inventories, net 1,654,429  1,503,756  1,560,035 Prepaid expenses and other current assets 93,249  82,457  59,757 Assets held for sale 2,957  2,957  —   Total current assets 2,106,116  1,954,245  1,921,765           PROPERTY AND EQUIPMENT, NET 602,768  584,103  551,184 RIGHT-OF-USE ASSETS 1,290,110  1,234,246  1,210,516 TRADE NAME 579,860  579,766  579,165 GOODWILL 861,920  861,920  861,920 OTHER NONCURRENT ASSETS 62,826  62,756  55,873   Total assets$5,503,600 $5,277,036 $5,180,423           LIABILITIES AND STOCKHOLDERS' EQUITY         CURRENT LIABILITIES:         Accounts payable$826,338 $637,854 $849,554 Accrued expenses and other current liabilities 274,857  243,908  272,362 Current lease liabilities 152,001  147,491  137,979 Current maturities of long-term debt 3,000  3,000  3,000   Total current liabilities 1,256,196  1,032,253  1,262,895           LONG-TERM DEBT, NET 480,320  480,793  482,209 LONG-TERM LEASE LIABILITIES 1,315,590  1,261,167  1,210,095 DEFERRED TAX LIABILITIES, NET 299,309  300,654  255,912 OTHER LONG-TERM LIABILITIES 31,219  30,792  22,080   Total liabilities 3,382,634  3,105,659  3,233,191           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; 63,507,116; 64,945,953 and 66,466,377 issued
and outstanding as of May 2, 2026, January 31, 2026 and
May 3, 2025, respectively. 635  649  662 Additional paid-in capital 254,512  256,351  244,388 Retained earnings 1,865,819  1,914,377  1,702,182   Stockholders' equity 2,120,966  2,171,377  1,947,232   Total liabilities and stockholders' equity$5,503,600 $5,277,036 $5,180,423            ACADEMY SPORTS AND OUTDOORS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Amounts in thousands)
  Thirteen Weeks Ended  May 2, 2026 May 3, 2025 CASH FLOWS FROM OPERATING ACTIVITIES:        Net income$52,703  $46,084  Adjustments to reconcile net income to net cash provided by operating
activities:          Depreciation and amortization 30,757   30,150    Non-cash lease expense 3,068   12,665    Equity compensation 11,100   7,542    Amortization of deferred loan and other costs 646   649    Deferred income taxes (1,345)  (903)   Changes in assets and liabilities:              Accounts receivable, net 17,084   (110)       Merchandise inventories, net (150,673)  (251,195)       Prepaid expenses and other current assets (10,793)  35,863        Other noncurrent assets (438)  (4,566)       Accounts payable 177,965   231,762        Accrued expenses and other current liabilities 12,782   24,848        Income taxes payable 17,323   16,322        Other long-term liabilities 427   8,361            Net cash provided by operating activities 160,606   157,472           CASH FLOWS FROM INVESTING ACTIVITIES:        Capital expenditures (38,903)  (50,830) Purchases of intangible assets (94)  (158)        Net cash used in investing activities (38,997)  (50,988)          CASH FLOWS FROM FINANCING ACTIVITIES:        Repayment of Term Loan (750)  (750) Repurchase of common stock for retirement (98,412)  (99,031) Proceeds from exercise of stock options 715   1,516  Taxes paid related to net share settlement of equity awards (6,026)  (3,328) Dividends paid (9,646)  (8,716) Net cash used in financing activities (114,119)  (110,309)          NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7,490   (3,825) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 330,320   288,929  CASH AND CASH EQUIVALENTS AT END OF PERIOD$337,810  $285,104            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   May 2, 2026 May 3, 2025 Net income
$52,703 $46,084 Interest expense, net
 8,988  9,044 Income tax expense
 16,186  16,944 Equity compensation (a)
 11,100  7,542 Adjusted EBIT
$88,977 $79,614         (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
   May 2, 2026
 May 3, 2025
 Net income
$52,703  $46,084  Equity compensation (a)
 11,100   7,542  Tax effects of these adjustments (b)
 (2,584)  (2,029) Adjusted Net Income
$61,219  $51,597           Earnings per common share:
        Basic
$ 0.82  $0.69  Diluted
$0.80  $0.68  Adjusted earnings per common share:
        Basic
$0.95  $0.77  Diluted
$0.93  $0.76  Weighted average common shares outstanding:
        Basic
 64,432   67,122  Diluted
 65,945   68,170            (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$5.95 $6.35 Equity compensation (a) 0.45  0.45 Adjusted Earnings Per Common Share, Diluted$6.40 $6.80   *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  May 2, 2026 May 3, 2025 Net cash provided by operating activities$160,606  $157,472  Net cash used in investing activities (38,997)  (50,988) Adjusted Free Cash Flow$121,609  $106,484  

Academy Sports and Outdoors, Inc. (ASO - Free Report) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.97%. A quarter ago, it was expected that this company would post earnings of $2.03 per share when it actually produced earnings of $1.97, delivering a surprise of -2.96%.

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

Academy Sports and Outdoors, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $1.44 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 0.16%. This compares to year-ago revenues of $1.35 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 added about 3.4% since the beginning of the year versus the S&P 500's gain of 8.2%.

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 $2.07 on $1.65 billion in revenues for the coming quarter and $6.29 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 bottom 37% 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.

One other stock from the same industry, American Outdoor Brands, Inc. (AOUT - Free Report) , is yet to report results for the quarter ended April 2026.

This company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of -61.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

American Outdoor Brands, Inc.'s revenues are expected to be $48 million, down 22.5% from the year-ago quarter.

Academy Sports and Outdoors, Inc. (ASO) Q1 2027 Earnings Call Transcript

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) on Tuesday posted upbeat earnings for its first quarter ended May 2.

The sporting goods retailer reported first-quarter adjusted earnings per share (EPS) of 93 cents, beating Wall Street analyst expectations of 91 cents per share. Net sales rose to $1.442 billion, in line with analyst expectations.

"We were pleased with the continued improvement in our results in first quarter, with total sales up 6.7%, driven by increases in both traffic and average ticket," stated Steve Lawrence, CEO. "Based on our first quarter performance, we are raising the low end of our full-year guidance."

Academy raised its full-year GAAP EPS guidance from its previous $5.65–$6.15 range up to $5.95–$6.35. Analysts currently expect $6.05.

Academy Sports raised its fiscal 2026 adjusted EPS guidance to $6.40-$6.80 from $6.10-$6.60, compared with analysts' estimates of $6.30. The retailer also increased the low end of its full-year sales outlook to $6.230 billion-$6.355 billion from $6.175 billion-$6.355 billion, while Wall Street expects $6.333 billion in revenue.

Academy Sports shares rose 1% to trade at $50.88 on Wednesday.

These analysts made changes to their price targets on Academy Sports following earnings announcement.

Wells Fargo analyst Ike Boruchow maintained Academy Sports with an Equal-Weight rating and lowered the price target from $56 to $50. JP Morgan analyst Christopher Horvers maintained the stock with a Neutral and lowered the price target from $60 to $59. UBS analyst Michael Lasser maintained Academy Sports with a Neutral and cut the price target from $56 to $55. Considering buying ASO stock? Here’s what analysts think:

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Company is offering premium gifts, outdoor essentials and unbeatable prices to celebrate dads all summer long

, /PRNewswire/ -- Academy Sports + Outdoors ("Academy" or the "Company") (Nasdaq: ASO) is celebrating Father's Day with the launch of its "Dadmas" campaign, a seasonal initiative that reimagines Father's Day. Inspired by the excitement and anticipation of Christmas morning, "Dadmas", Academy is the go-to destination for gifts, gear and experiences that bring families together through outdoor fun and summer traditions.

Academy's Father's Day assortment features gifts across a variety of outdoor, sports and lifestyle categories, including:

Magellan Outdoors fishing shirts and outdoor apparel Grills, smokers, and griddles for backyard entertaining YETI coolers, drinkware, and barware Golf equipment and accessories, including PGA TOUR products H2OX Fishing rods, reels, tackle, and outdoor gear Range finders and outdoor technology gifts Apparel and footwear from leading national brands Backyard games, drinkware, and summer gathering essentials As families prepare for a summer filled with backyard gatherings, fishing trips, cookouts and time outdoors, Academy is offering a broad assortment of Father's Day gifts at unbeatable value, making it easier for customers to celebrate every kind of dad.

"Father's Day is about more than gifts, it's about creating moments and memories families enjoy together," said Matt McCabe, Executive Vice President and Chief Merchandising Officer. "We're helping customers celebrate the father figures in their lives with products and experiences that inspire adventure, connection and fun, all while delivering the quality, assortment and value our customers expect."

In celebration of Father's Day, Academy also partnered with local organizations and special guests to host shopping experiences that brought together fathers, father figures and children, including an event featuring former professional quarterback Colt McCoy with 10 families, and a partnership with 3D Girls, Inc. for a Father-Daughter Field Day. Additional givebacks include a local event in Altoona, Pa., at one of Academy's newest stores, benefiting Big Brothers Big Sisters of Blair County with a focus on father-child connections, and an event with collegiate running back Justice Haynes and his father, Verron Haynes, who will help 10 families enjoy a memorable shopping experience.

To make Father's Day shopping more convenient, Academy customers can take advantage of multiple shopping and fulfillment options, including buy online, pick up in-store, same-day delivery and free shipping offers. Customers can also access additional savings and rewards through myAcademy Rewards and the Academy Credit Card program.

To shop for Academy's Father's Day gift assortment and explore the "Dadmas" campaign, 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.

SOURCE Academy Sports + Outdoors

The company provided insights into its fiscal second-quarter performance, emphasizing that while its fundamental business drivers remain strong, the current environment has necessitated an adjustment in guidance.

• Shake Shack shares are approaching critical lows. What’s pressuring SHAK?

Cuts Q2 Guidance During Macro PressuresThe company lowered its second-quarter guidance, reducing revenue expectations to $415 million–$420 million from $424 million–$428 million, still above the $371.9 million estimate.

Same-Shack sales growth guidance was trimmed to 2.5%–3% from 3%–5% for the quarter.

For full year, the company trimmed EBITDA guidance to $225 million–$235 million from $230 million–$245 million. Also, the company reduced net income outlook to $45 million–$55 million from $50 million–$60 million.

Shake Shack’s management cited uncertainties in the market for the guidance cut.

SHAK Technical Analysis: Bearish Trend With Easing DownsideCurrently, Shake Shack’s stock is significantly below its moving averages, with the price trading 18.7% below the 20-day simple moving average (SMA) of $68.63 and 34.3% below the 50-day SMA of $84.91. The moving average convergence divergence (MACD) is above its signal line, suggesting that downside pressure is easing, although the overall trend remains bearish.

The stock has faced a steep decline of 56.45% over the past 12 months, indicating a challenging year for investors. The recent death cross in September 2025, where the 50-day SMA crossed below the 200-day SMA, further underscores the bearish sentiment surrounding the stock.

What Shake Shack (SHAK) Does, Where Revenue Comes FromShake Shack is a burger restaurant that serves a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine, and more. The company’s burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun.

The company generates the majority of its revenue from the U.S., and its focus on high-quality ingredients and customer experience has positioned it as a notable player in the fast-casual dining sector. The recent guidance update reflects the company’s adaptability in a competitive landscape, emphasizing its commitment to long-term shareholder value.

SHAK Earnings Preview: Estimates and Analyst Price TargetsShake Shack is slated to provide its next financial update on July 30, 2026 (estimated).

EPS Estimate: 40 cents (Down from 44 cents) Revenue Estimate: $422.21 million (Up from $356.47 million) Valuation: P/E of 63.5x (Indicates premium valuation) Analyst Consensus & Recent Actions: The stock carries a Buy rating with a consensus price target of $113.39. Recent analyst moves include:

TD Cowen: Hold (Lowers target to $70 on May 27) Guggenheim: Buy (Lowers target to $100 on May 11) JP Morgan: Neutral (Lowers target to $85 on May 8) How Shake Shack (SHAK) Ranks On Value, Growth and MomentumBelow is the Benzinga Edge scorecard for Shake Shack, highlighting its strengths and weaknesses compared to the broader market:

Value Rank: 56.54 — Indicates a moderate valuation relative to peers. Growth Rank: 89.72 — Suggests strong growth potential. Momentum Rank: 2.45 — Stock is underperforming the broader market. The Verdict: Shake Shack’s Benzinga Edge signal reveals a growth-heavy profile with strong growth potential but weak momentum indicators. Investors may want to monitor the stock closely as it navigates through current market challenges.

SHAK Stock Price Activity: Shake Shack shares were down 10.85% at $55.46 at the time of publication on Tuesday, according to Benzinga Pro data.

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