ASO
Academy Sports
[Your current view on Academy Sports]
Financial model
Updated: September 20, 2026
ASO
[Your current view on Academy Sports]
Updated: September 20, 2026
Academy's new-store comp boost can't offset negative comps, and its other growth drivers look thin.
Testing Academy management's four bullish talking points, from new-store comps to upper-income shoppers; several look too rosy.
Academy's growth math looks great on paper, but new-store economics and a Nike-driven sales lift raise doubts it can deliver.
Bit surprised by the stock strength as quarter itself largely non-event on topline given updated guidance heading into the investor day awhile back – management stated quarter came in as expected.
January softer than anticipated due to winter stores with half store base shut down for 2-3 days. Business rebounded after they reopened.
Is this really the second quarter in a row where they miss earnings but increase the guidance range? Even that is kind of a mess as they lowered adjusted net income on the high end while raising adjusted EPS (likely due to share repurchases but still a lot of noise here).