• Loading stock data...
Friday, July 11, 2025

Academy Sports’ Revenue Falls to $1.69B in Q2

  • Academy Sports and Outdoors reports $1.69 billion in second-quarter revenue.
  • Net income declined to $188.8 million.
Academy
Academy Sports + Outdoors

Academy Sports + Outdoors reported a 5.8% decline in second-quarter revenue to $1.69 billion, just short of analysts’ estimates of $1.7 billion.

Comparable sales fell 6%, primarily attributed to fewer transactions year-over-year. Net income fell to $188.8 million from $190.5 million during the same period last year.

E-commerce sales increased 12.1% year-over-year, marking a double-digit increase for the fourth consecutive quarter.

Academy recorded significant growth compared to 2019, the last full year before the pandemic. The company reported record years in 2020 and 2021.

  • Net sales increased 36.3% from 2019.
  • E-commerce sales jumped 244.5% from 2019.
  • Compared to Q2FY2019, pre-tax net income increased by more than 400% to $247 million.

During the quarter, Academy opened one new store, its 261st, with the goal of opening 80-to-100 more over the next five years. The company had merchandise inventories of $1.3 billion, a 17% year-over-year increase and an 8.4% jump from 2019.

Academy ended the quarter with $399.9 million in cash and cash equivalents. The company expects full-year revenue to land between $6.43 billion and $6.63 billion.

Sporting Goods Trend

Academy isn’t the only sporting goods retailer seeing declines.

Dick’s Sporting Goods reported a similar second quarter earlier this month, with net sales falling 5% year-over-year but increasing 38% compared to 2019. Big 5 Sporting Goods posted $253.8 million in second-quarter revenue, falling from $326 million during the same period the year prior.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.
Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.

Men’s March Madness Sets Opening-Day Viewership Record

CBS Sports and TNT Sports scored big with Arkansas–Kansas.

Callaway’s LIV Deal Shows How Much Golf Has Shifted

The company has signed a first-of-its-kind club contract.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.

Featured Today

Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
Jonathan Mariner

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.