Filing Flows › Academy Sports & Outdoors (ASO) › Q1 FY27
Academy Sports & Outdoors (ASO) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 10, 2026
Academy Sports & Outdoors (ASO) reported revenue of $1.4B for the first quarter fiscal 2027 (Q1 FY27), +7% from a year earlier and -16% from the quarter before. Operating margin was 5.2%, net earnings $52.7M (3.7% of revenue).
Academy Sports & Outdoors, Q1 FY27: revenue $1.4B (+7% year over year), operating margin 5.2%, net earnings $52.7M, operating cash flow $161M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -16% | +7% |
| Gross profit | $479M | -17% | +4% |
| Operating profit | $74.7M | -56% | +8% |
| Net earnings | $52.7M | -61% | +14% |
| Operating cash flow | $161M | +7% | +2% |
| Free cash flow | $122M | +14% | +14% |
What changed
Revenue was $1.4B in Q1 FY27, up 7% year over year and down 16% from the previous quarter. Outdoors was the largest line at 30% of revenue. Outdoors added $0.04B year over year (up 12%), 49% of the total change.
Gross margin was 33.2%, down 0.7 points from Q1 FY26. Operating profit was $0.07B, a 5.2% margin (up 0.1 points year over year). Of the extra revenue versus Q1 FY26, 6% reached operating profit, above the 5% margin then. Operating expenses grew 4% against revenue growth of 7%. Net earnings were $0.05B, up 14% year over year. The effective tax rate was 23.5%.
Operating cash flow was $0.16B (up 2% year over year), 305% 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 $0.04B left free cash flow of $0.12B.
Questions
What was Academy Sports & Outdoors' revenue in the first quarter fiscal 2027?
Academy Sports & Outdoors (ASO) reported revenue of $1.4B for the first quarter fiscal 2027 (Q1 FY27), +7% from a year earlier and -16% from the quarter before.
Was Academy Sports & Outdoors profitable in the first quarter fiscal 2027?
Operating profit was $74.7M (5.2% of revenue) and net earnings $52.7M.