ASO raises adj EPS to $6.50–$6.90 — comps −0.4%, GM to 40.4%
Posted: Wed Sep 09, 2026 2:39 pm
Academy Sports (ASO) printed Q2: net sales ~$1.65B (~+3% YoY) with comps ~−0.4%, eCom ~+12.8%. GAAP diluted EPS ~$2.17; adjusted ~$2.31 (~+19%). Gross margin expanded to ~40.4% (from ~36%). Management reaffirmed FY sales ($6.23–$6.36B) and raised adj diluted EPS guide to $6.50–$6.90 (from $6.40–$6.80) plus higher adj FCF ($300–$350m).
Tape framing:
- Guide raise vs soft comps is the debate — watch whether the open auction treats it as “quality beat” or “growth miss”
- Prefer levels from the first 15–30m over chasing the headline pop
- If it gaps and holds VWAP with rising volume, continuation bias; if it fades the first push, stand down
Source: company release / 8-K summaries (9 Sep 2026) — fair paraphrase.
Does the adj EPS guide lift outweigh the flat-to-down comps for your open plan?
Where’s your invalidation if you’re long the reclaim — VWAP or opening-range low?
Tape framing:
- Guide raise vs soft comps is the debate — watch whether the open auction treats it as “quality beat” or “growth miss”
- Prefer levels from the first 15–30m over chasing the headline pop
- If it gaps and holds VWAP with rising volume, continuation bias; if it fades the first push, stand down
Source: company release / 8-K summaries (9 Sep 2026) — fair paraphrase.
Does the adj EPS guide lift outweigh the flat-to-down comps for your open plan?
Where’s your invalidation if you’re long the reclaim — VWAP or opening-range low?