Academy Sports and Outdoors, Inc.

What Do They Do?

Sells sporting and outdoor recreation goods, apparel and footwear to families and other consumers through stores and online.

Sells merchandise in stores and online at listed prices, reduced by any discounts or coupons; coupons are applied at purchase.

revenue

Families and casual participants shop in Academy’s stores and through its e-commerce website and mobile app.

Yes. It kept 6 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.

Operating income, FY2025

8% of revenue

▼ −5% vs FY2024 ($538.6M, 9%)

Net income, FY2025

6% of revenue

▼ −10% vs FY2024 ($418.4M, 7%)

Free cash flow, FY2025

4% of revenue

▼ −32% vs FY2024 ($328.5M, 6%)

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Aug 1, 2026

Outdoors share of revenue vs 28.1% in Q2 FY2025

Sep 9, 2026 Raises fiscal 2026 earnings guidance Raised the diluted GAAP EPS range to $6.05–$6.45 while leaving the sales range unchanged.
Jun 9, 2026 Raises the low end of fiscal 2026 guidance After first-quarter results, the company raised the low ends of its sales, GAAP net income and diluted EPS guidance.

Shrinking. Revenue fell 11% in 4 years, from $6.8B in FY2021 to $6.1B in FY2025, about 3% a year.

Revenue over time

Outdoors Sports and recreation Apparel Footwear Other sales Total Merchandise

$10B$5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Competes with Walmart, Kohl’s, Target, Dick’s Sporting Goods, and Scheels

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