Equity Profile

ASO

Academy Sports and Outdoors, Inc.

Consumer DiscretionaryOther Specialty Retail$3.3B

Jun9Tue

Pre-Earnings Brief

UpcomingQ1-2026Pre-Market9:00 AM EDT

Company Snapshot

Academy Sports and Outdoors, Inc. (ASO) is a leading retailer in the consumer discretionary sector, specializing in sports and outdoor gear....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company managed costs and sales.

$0.92

Revenue

Revenue figures will provide insight into overall sales performance and consumer demand for outdoor products.

$1.4B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ASO Q1-2026 Earnings Preview

Context

Company Snapshot

Academy Sports and Outdoors, Inc. (ASO) is a leading retailer in the consumer discretionary sector, specializing in sports and outdoor gear. With a market cap of $3 billion, the company plays a significant role in the retail landscape, particularly as consumer spending patterns shift towards outdoor activities and fitness.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-1.54%

Avg Stock Reaction

-0.52%

Last Quarter Recap

In Q4 2025, Academy Sports reported an EPS of $1.97, slightly missing expectations. The stock reacted negatively, dropping 11.70% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect a modest performance this quarter, with EPS projected at $0.92 and revenue at $1.4 billion. The market is closely watching for any signs of recovery in consumer spending.

Bull Case

If Academy can exceed EPS expectations and show strong revenue growth, it may indicate a rebound in consumer demand, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses its targets again, it could raise concerns about ongoing challenges in the retail sector, leading to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.92

EPS is a key indicator of profitability and will show how well the company managed costs and sales.

Revenue

$1.4B

Revenue figures will provide insight into overall sales performance and consumer demand for outdoor products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $0.92?

A beat on EPS could signal improved profitability and consumer demand, which is crucial for investor confidence.

What are the revenue figures relative to the $1.4 billion consensus?

Revenue performance will indicate the company's ability to attract customers and manage inventory effectively.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for a rebound in consumer spending, especially in outdoor activities.

Supporting Evidence

The options market is pricing a 10.1% move, suggesting traders expect significant volatility.

Recent trends in outdoor activity participation could drive sales higher than anticipated.

Key Risk

If revenue exceeds $1.5 billion, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Academy can recover from recent misses and capitalize on consumer spending trends.

Bull Confirmed If

An EPS of $1.00 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $0.83 would suggest ongoing struggles in the retail environment.

Pre-Earnings Positioning

Options Market

Implied Move

±10.1%

Historical Avg

±5.2%

Pricing rich

The options market is pricing in a significant move in either direction, suggesting that traders expect volatility around the earnings report.

Options are pricing ±10.1% while ASO has averaged ±5.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

40.9%

Calls (14K)P/C Ratio: 0.95Puts (18K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$240,000.00

4,000 sh

1 insider

Net

$240,000.00

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Academy beats expectations, history suggests the stock could rise by about 4.5%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a decline of around 3.5%, indicating continued challenges in the retail sector.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on consumer trends in outdoor activities and sports equipment.
2Management's commentary on inventory levels and supply chain issues.
3Insights into promotional strategies and their effectiveness.
4Any changes in guidance for the upcoming quarters.
5Details on customer demographics and purchasing behavior.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Academy Sports and Outdoors, Inc. (ASO) is a leading retailer in the consumer discretionary sector, specializing in sports and outdoor gear....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company managed costs and sales.

$0.92

Revenue

Revenue figures will provide insight into overall sales performance and consumer demand for outdoor products.

$1.4B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ASO Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-1.54%

Avg Stock Reaction

-0.52%

Last Quarter Recap

In Q4 2025, Academy Sports reported an EPS of $1.97, slightly missing expectations. The stock reacted negatively, dropping 11.70% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect a modest performance this quarter, with EPS projected at $0.92 and revenue at $1.4 billion. The market is closely watching for any signs of recovery in consumer spending.

Bull Case

If Academy can exceed EPS expectations and show strong revenue growth, it may indicate a rebound in consumer demand, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses its targets again, it could raise concerns about ongoing challenges in the retail sector, leading to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.92

EPS is a key indicator of profitability and will show how well the company managed costs and sales.

Revenue

$1.4B

Revenue figures will provide insight into overall sales performance and consumer demand for outdoor products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $0.92?

A beat on EPS could signal improved profitability and consumer demand, which is crucial for investor confidence.

What are the revenue figures relative to the $1.4 billion consensus?

Revenue performance will indicate the company's ability to attract customers and manage inventory effectively.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for a rebound in consumer spending, especially in outdoor activities.

Supporting Evidence

The options market is pricing a 10.1% move, suggesting traders expect significant volatility.

Recent trends in outdoor activity participation could drive sales higher than anticipated.

Key Risk

If revenue exceeds $1.5 billion, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Academy can recover from recent misses and capitalize on consumer spending trends.

Bull Confirmed If

An EPS of $1.00 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $0.83 would suggest ongoing struggles in the retail environment.

Pre-Earnings Positioning

Options Market

Implied Move

±10.1%

Historical Avg

±5.2%

Pricing rich

The options market is pricing in a significant move in either direction, suggesting that traders expect volatility around the earnings report.

Options are pricing ±10.1% while ASO has averaged ±5.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

40.9%

Calls (14K)P/C Ratio: 0.95Puts (18K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$240,000.00

4,000 sh

1 insider

Net

$240,000.00

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Academy beats expectations, history suggests the stock could rise by about 4.5%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a decline of around 3.5%, indicating continued challenges in the retail sector.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on consumer trends in outdoor activities and sports equipment.
2Management's commentary on inventory levels and supply chain issues.
3Insights into promotional strategies and their effectiveness.
4Any changes in guidance for the upcoming quarters.
5Details on customer demographics and purchasing behavior.