Retailer Beats Spending Pressures

Academy Sports Shares Surge 14 Percent Following Strong Second-Quarter Financial Results

Academy Sports and Outdoors Inc. (NASDAQ:ASO) saw a 14.40% increase in its share price to $51.15 apiece in Q2, despite weakness in consumer spending trends. The retailer grew its net income by 10 percent to $137.9 million from $125.4 million in the same period last year, and net sales jumped by 3 percent to reach $1.647 billion from $11.6 billion year-on-year. The strong performance came despite pressures on consumer spending, particularly among lower-income households. Following the results, the retailer updated its growth outlook for full-year 2026, expecting a higher GAAP diluted earnings per share and adjusted diluted EPS of $6.05 to $6.,45, and adjusted free cash flow to between $300 million and $350 million.

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