On September 9, 2026, Academy Sports and Outdoors, Inc. (NASDAQ:ASO) posted second-quarter results for the period ended August 1, 2026. Net sales rose 3.0% to $1.65 billion, adjusted earnings per share climbed 19.1% to $2.31 from $1.94, and gross margin widened 440 basis points to 40.4%. Management lifted full-year adjusted EPS guidance to $6.50 to $6.90 and gross margin guidance to 35.5% to 36.0%. What the quarter did not deliver was a positive comp, which fell 0.4%.
Telsey Advisory came away seeing nothing that changes the thesis, calling the risk-reward attractive and pushing its target on Academy Sports and Outdoors, Inc. (NASDAQ:ASO) to $63 from $60 while staying at Outperform.
Wells Fargo's Ike Boruchow described himself as cautiously optimistic at current levels, arguing that both the quarter itself and management's forward commentary delivered upside surprise; his target moved to $55 from $50, though the rating stayed Equal Weight.
Barclays **** yst Adrienne Yih focused on the fact that Academy Sports and Outdoors, Inc. (NASDAQ:ASO) held its fiscal 2026 sales and comp guidance despite a tougher consumer backdrop and sequential demand deceleration, lifting her target to $53 from $50 at Equal Weight.
Supporting the case: e-commerce sales grew 12.8%, Sports and Recreation rose 6%, myAcademy loyalty membership passed 15 million, and the company raised adjusted free cash flow guidance to $300 million to $350 million after repurchasing $182.1 million of stock in the first half.
#sports #guidance #sales #target
Telsey Advisory came away seeing nothing that changes the thesis, calling the risk-reward attractive and pushing its target on Academy Sports and Outdoors, Inc. (NASDAQ:ASO) to $63 from $60 while staying at Outperform.
Wells Fargo's Ike Boruchow described himself as cautiously optimistic at current levels, arguing that both the quarter itself and management's forward commentary delivered upside surprise; his target moved to $55 from $50, though the rating stayed Equal Weight.
Barclays **** yst Adrienne Yih focused on the fact that Academy Sports and Outdoors, Inc. (NASDAQ:ASO) held its fiscal 2026 sales and comp guidance despite a tougher consumer backdrop and sequential demand deceleration, lifting her target to $53 from $50 at Equal Weight.
Supporting the case: e-commerce sales grew 12.8%, Sports and Recreation rose 6%, myAcademy loyalty membership passed 15 million, and the company raised adjusted free cash flow guidance to $300 million to $350 million after repurchasing $182.1 million of stock in the first half.
#sports #guidance #sales #target
2 months ago
