Academy Sports & Outdoors, Inc. reported a net income of $137.9 million for the thirteen weeks ended August 1, 2026, reflecting a 9.9% increase from $125.4 million in the same period last year. The company's net sales rose to $1.65 billion, a 3.0% increase compared to $1.60 billion in the prior year. This growth was driven by a 6.3% increase in the sports and recreation merchandise division and a 4.4% increase in the outdoor merchandise division, although footwear sales saw a slight decline of 1.0%. For the twenty-six weeks ended August 1, 2026, net sales reached $3.09 billion, up 4.7% from $2.95 billion in the previous year.
The company experienced a significant improvement in gross margin, which increased by 15.5% to $665.9 million in the second quarter, compared to $576.7 million in the same quarter of 2025. This increase was attributed to a one-time benefit from IEEPA tariff refunds, which contributed 510 basis points to gross margin. Selling, general, and administrative expenses rose by 3.8% to $419.5 million, primarily due to strategic investments related to the opening of new stores and technology enhancements. The company opened three new stores during the quarter, contributing to a total of 21 new stores opened since the end of the previous fiscal year.
Academy Sports & Outdoors has also made strategic financial moves, including the issuance of $500 million in senior secured notes due in 2031, which were used to redeem previous debt and repay a term loan. This refinancing effort resulted in a decrease in interest expense, which fell by 10.8% to $8.1 million in the second quarter. The company reported a loss of $1.9 million related to the early retirement of debt, which was part of the refinancing activities.
Operationally, Academy Sports & Outdoors has expanded its footprint, operating 327 stores across 21 states as of August 1, 2026. The company has focused on enhancing its omnichannel capabilities, with e-commerce sales representing 12.1% of merchandise sales in the second quarter, up from 10.9% in the prior year. The company continues to invest in its e-commerce platform and customer engagement strategies to drive future growth.
Looking ahead, Academy Sports & Outdoors anticipates continued growth driven by new store openings and enhanced e-commerce capabilities. The company plans to maintain its focus on strategic investments while navigating macroeconomic challenges, including inflation and potential tariffs. The Board of Directors has declared a quarterly cash dividend of $0.15 per share, payable on October 14, 2026, reflecting the company's commitment to returning value to shareholders.
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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