Filing Flows › Academy Sports & Outdoors (ASO) › Q1 FY26
Academy Sports & Outdoors (ASO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 10, 2025
Academy Sports & Outdoors (ASO) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), -0.9% from a year earlier and -19% from the quarter before. Operating margin was 5.1%, net earnings $46.1M (3.4% of revenue).
Academy Sports & Outdoors, Q1 FY26: revenue $1.4B (-0.9% year over year), operating margin 5.1%, net earnings $46.1M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -19% | -0.9% |
| Gross profit | $459M | -15% | +0.7% |
| Operating profit | $69.3M | -55% | -32% |
| Net earnings | $46.1M | -66% | -40% |
| Operating cash flow | $157M | +12% | -21% |
| Free cash flow | $107M | +39% | -36% |
What changed
Revenue was $1.4B in Q1 FY26, down 1% year over year and down 19% from the previous quarter. Outdoors was the largest line at 28% of revenue. Outdoors lost $0.01B year over year (down 2%), 55% of the total change.
Gross margin was 34.0%, up 0.5 points from a year earlier. Operating profit was $0.07B, a 5.1% margin (down 2.4 points year over year). Operating expenses grew 10% against a revenue fall of 1%. Net earnings were $0.05B, down 40% year over year. The effective tax rate was 26.9%.
Operating cash flow was $0.16B (down 21% year over year), 342% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.05B left free cash flow of $0.11B.
Questions
What was Academy Sports & Outdoors' revenue in the first quarter fiscal 2026?
Academy Sports & Outdoors (ASO) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), -0.9% from a year earlier and -19% from the quarter before.
Was Academy Sports & Outdoors profitable in the first quarter fiscal 2026?
Operating profit was $69.3M (5.1% of revenue) and net earnings $46.1M.