Academy Sports And Outdoors, Inc. ( (ASO) ) has released its Q2 earnings. Here is a breakdown of the information Academy Sports And Outdoors, Inc. presented to its investors.
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Academy Sports and Outdoors, Inc. is a leading full-line sporting goods and outdoor recreation retailer in the United States, known for its diverse product assortment and strong value proposition. The company recently reported its financial results for the second quarter of fiscal 2025, highlighting a 3.3% increase in net sales and a 0.2% rise in comparable sales, alongside a significant 17.7% growth in eCommerce sales.
The second quarter saw Academy Sports and Outdoors achieving a diluted GAAP EPS of $1.85, despite a decline in net income by 12.1% compared to the same period last year. The company opened three new stores, contributing to a total of 306 locations across 21 states. Additionally, the company raised the low end of its fiscal 2025 guidance, reflecting confidence in its strategic initiatives and market position.
Key financial metrics for the quarter included net sales of $1.6 billion and a gross margin of 36.0%. The company also reported a decrease in income before income tax by 11.6%, and a reduction in adjusted net income by 11.6%. Despite these declines, the company’s strategic initiatives and tariff mitigation actions are expected to support future growth.
Looking ahead, Academy Sports and Outdoors remains optimistic about its growth prospects, with plans to open 20 to 25 new stores in fiscal 2025. The company has adjusted its sales guidance range to between -3.0% and 1.0%, underscoring its commitment to navigating market challenges and driving long-term growth.