Revenue and Comparable Sales Growth
Total sales of $1.44 billion, up 6.7% year-over-year, with comparable store sales increasing 2.9% in Q1.
E-commerce Strength
Digital sales growth of 17% year-over-year with a 100 basis point expansion in e-commerce penetration; management expects e-commerce to remain a tailwind.
Profitability and EPS Progress
Operating income of $74.7 million; diluted EPS $0.80, up 17.6% year-over-year; adjusted EPS $0.93, up 22.4% year-over-year.
Raised Full-Year Revenue and EPS Guidance
Updated sales guidance raised to $6.23B–$6.35B (+3% to +5%); comp sales guidance tightened to flat to +2%; net income guidance $390M–$415M; EPS $5.95–$6.35 and adjusted EPS $6.40–$6.80 with expected full-year EPS growth >10% at midpoint.
Cash Flow, Liquidity and Capital Returns
Generated free cash flow of $121.6 million (+14.2% YoY); cash balance $338 million with a $1 billion untapped revolver; repurchased ~1.7 million shares (~2.5% of outstanding) and paid $9.6 million in dividends.
Category and Assortment Momentum
All four divisions comped positive: Outdoor +12% (fishing and shooting strength), Sports & Recreation +6%, Apparel +5%, Footwear +3%; Ammo and firearms turned positive and shooting sports gained market share for 8 consecutive quarters.
Loyalty, Omnichannel and Inventory Improvements
myAcademy Rewards enrollment up double digits YoY with a goal to add 2 million members (target >15M total); in-stocks improved >200 basis points vs. last year via expanded RFID use; adding same-day delivery partners and migrating site search to Google AI.