Academy Sports and Outdoors Investor Day: Q1 Outlook Raised, Targets $8B Sales and $9 EPS by 2031

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Tue, April 7, 2026 astatine 12:14 PM CDT 7 min read

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Management acceptable five-year targets to scope astir $8 billion successful gross and astir $9 successful EPS (implying ~5% CAGR), with e‑commerce penetration targeted astatine 15% and astir 7% nett income.
The maturation "waterfall" centers connected astir 125 caller stores expected to adhd ~$1.9 billion of sales, positive ~$300 million from incremental e‑commerce and ~$300 million from existing-business initiatives, portion absorption shifts store targeting to outer suburbs/exurbs and says a 4th organisation halfway is not needed.
Near-term outlook was raised: the institution present expects Q1 income maturation of 6%–7% and comparable-sales maturation of 2%–3%, and is rolling retired myAcademy Rewards 2.0 (over 13 million members) positive a caller Mastercard and AI tools to thrust integer engagement and higher spend.
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Academy Sports and Outdoors (NASDAQ:ASO) opened its 2026 Analyst Day with an update to its near-term outlook and a refreshed five-year fiscal and strategical roadmap centered connected store expansion, integer growth, and lawsuit engagement initiatives.

Dan Aldridge, vice president of capitalist relations, pointed analysts to a merchandise issued the greeting of the lawsuit that said the institution present expects first-quarter income maturation successful the scope of 6% to 7% and comparable income maturation of 2% to 3%.

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CEO Steve Lawrence said the concern began to “inflect” up of past Christmas and has been “fairly accordant positive” since then, speech from a little storm-related disruption successful precocious January. He said show has been broad-based and noted shot arsenic 1 country performing peculiarly well. Lawrence besides said each 4 divisions ran affirmative successful February and that spot continued into March.

Lawrence and CFO Carl Ford reiterated a five-year program to turn gross to astir $8 billion, grow e-commerce penetration to 15%, and present roughly 7% nett income, which absorption said would construe to astir $9 successful net per share. Ford framed the $8 cardinal extremity arsenic implying a 5% compound yearly maturation rate implicit the period.

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Ford outlined what helium described arsenic a “waterfall” of maturation drivers, including:

$1.9 billion successful income from 125 caller stores implicit 5 years (including associated omnichannel request generation)
$300 million of further e-commerce maturation not linked to caller stores, tied to initiatives specified arsenic alternate marketplaces, hunt modernization, and driblet vessel expansion
$300 million from existing concern initiatives including marque launches, loyalty, and the planned retail media network