Academy Sports and Outdoors, Inc. reported a 3.0% increase in third-quarter sales, with eCommerce sales up 22.2% and a 14% increase in diluted GAAP EPS. They opened eleven new stores across ten states and narrowed their sales and gross margin guidance. The company plans to open 20-25 new stores in fiscal 2026.

Year-to-date, Academy saw a 1.8% increase in net sales and a 14.6% decrease in net income. They also announced a quarterly cash dividend of $0.13 per share. The company’s total store count is now at 317 locations across 21 states.

Adjusted EBITDA for the third quarter was $141.5 million, and Adjusted Net Income was $77.3 million. Adjusted Earnings per Common Share, diluted for the period was $1.14. The company also provided guidance for fiscal 2025, with net sales expected to be between $6.025 billion and $6.2 billion.

Academy continues to see growth in key metrics and market share gains. They are focused on strategic growth and maintaining their position as a value leader in the sporting goods and outdoor recreation retail space. Investors can participate in a conference call to discuss the financial results and related matters.

Read more at GlobeNewswire: Academy Sports + Outdoors Reports Third Quarter Fiscal 2025