Academy Sports & Outdoors, Inc. reported its financial results for the second quarter and first half of fiscal 2025, revealing a net sales increase of 3.3% to $1.6 billion for the thirteen weeks ended August 2, 2025, compared to $1.55 billion for the same period last year. Year-to-date net sales also saw a modest rise of 1.3%, reaching $2.95 billion, up from $2.91 billion in the prior year. The company's gross margin improved to $576.7 million, a 3.2% increase from $558.7 million, while operating income decreased to $172.4 million, down 9.3% from $190.1 million in the previous year.
The company experienced a notable rise in selling, general, and administrative expenses, which increased by 9.7% to $404.4 million in the second quarter, attributed to strategic investments in new stores and technology. As a result, net income for the quarter fell to $125.4 million, a decrease of 12% from $142.6 million in the prior year. Earnings per share also declined, with basic earnings at $1.89 compared to $1.99 in the same quarter last year.
Academy Sports & Outdoors has been actively expanding its footprint, opening three new stores during the second quarter, contributing to a total of 306 locations across 21 states. The company has opened 21 new stores since the end of the previous fiscal year, generating approximately $60.8 million in net sales. E-commerce sales represented 10.9% of merchandise sales for the quarter, up from 9.7% in the prior year, indicating a growing online presence.
The company’s balance sheet reflects total assets of $5.28 billion, with current assets increasing to $1.99 billion, driven by higher merchandise inventories. Current liabilities also rose to $1.21 billion, primarily due to increased accounts payable. Academy Sports & Outdoors continues to manage its long-term debt effectively, with total long-term debt standing at $481.7 million as of August 2, 2025.
Looking ahead, Academy Sports & Outdoors anticipates continued growth through its expansion strategy and investments in technology and customer engagement. The company plans to maintain its focus on enhancing its omnichannel capabilities and optimizing its inventory management to adapt to changing consumer preferences. Despite the challenges posed by macroeconomic conditions, including inflation and potential tariffs, the company remains committed to its growth objectives and improving operational efficiencies.
About Academy Sports & Outdoors, Inc.
Academy Sports + Outdoors, Inc. is a leading U.S. retailer specializing in sporting goods and outdoor recreation products. Operating nearly 300 stores primarily in the southern U.S., it offers a broad assortment of national and private label brands across outdoor, apparel, sports, and footwear categories. The company targets active families with value-based, localized merchandise and an omnichannel model combining physical stores and e-commerce to deliver convenience and strong customer loyalty.
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