Academy Sports (ASO) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, June 9, 2026 astatine 10:37 AM CDT 52 min read

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Date

Tuesday, June 9, 2026 astatine 10:00 a.m. ET

Call participants

• Chief Executive Officer — Steven Paul Lawrence

• Chief Financial Officer — Earl Carlton Ford

Full Conference Call Transcript

Dan A. Aldridge: Good morning, everyone, and convey you for joining the Academy Sports and Outdoors First Quarter Fiscal 26 Financial Results Call. Participating connected today's telephone are Steven Paul Lawrence, Chief Executive Officer and Earl Carlton Ford, Chief Financial Officer. As a reminder, today's net merchandise and the comments made by absorption during this telephone see guardant looking statements. These statements are taxable to risks and uncertainties that could origin our existent results to disagree materially from our expectations and projections. These risks and uncertainties include, but are not constricted to, the factors identified successful today's net merchandise and successful our astir caller Form 10-Ks and Form 10 Q filings. The institution undertakes nary work to revise immoderate guardant looking statements.

Today's remarks besides notation to definite non GAAP fiscal measures, Reconciliations to the astir straight comparable GAAP measures are included successful today's net merchandise which is disposable connected our website astatine investors.academy.com. This morning, we volition reappraisal our fiscal results for the archetypal 4th of fiscal 26 and supply an update connected our strategical initiatives, sermon our outlook for the year. After we reason our prepared remarks, determination volition beryllium clip for questions. With that, I volition crook the telephone implicit to Steven.

Steven Paul Lawrence: Good morning, everyone, and invited to our archetypal 4th 2020 net call. Our program this greeting is to sermon our Q1 results, portion besides updating you connected the advancement we are making against our agelong word maturation initiatives. Turning to our archetypal 4th results. We were pleased to determination backmost to comp store maturation successful Q1, with income coming successful astatine $1.44 cardinal which was up 6.7% successful full income and translated into a 2.9% comp increase. Both the comp and full income were connected the precocious broadside of the scope we communicated successful our property merchandise issued connected 04/07/2026 successful beforehand of our Analyst Day, wherever we gave an update to our agelong scope program and goals.

These results were driven by a operation of a debased azygous digit affirmative postulation coupled with a precocious azygous digit AUR increase. Units per transaction were down slightly, which we would property to the accrued AUR. Positive results were wide based with our .com concern comping up 17% and each 4 of our divisions moving increases for the quarter. Outdoor was our champion performing class and up 12% driven by spot successful sportfishing and shooting sports categories At the surface, our ammo business, which was a headwind for america astir of past year, turned affirmative successful February and accelerated aft the struggle successful The Middle East began. Our firearms concern besides continues to beryllium a agleam spot.