Academy Sports + Outdoors reported its third quarter (Q3) results for the period ended November 1, 2025. Net sales for the quarter reached USD 1.4 billion, representing a 3.0 percent increase. Comparable sales decreased by 0.9 percent during the same period. eCommerce sales rose by 22.2 percent, while new stores achieved high single digit comparable sales growth. Gross margin for Q3 was USD 493.4 million, accounting for 35.7 percent of net sales. Selling, general and administrative expenses totaled USD 393.0 million, or 28.4 percent of net sales. Operating income for the quarter was USD 100.4 million, representing 7.3 percent of net sales. Net interest expense was USD 9.0 million. Diluted GAAP earnings per share for the third quarter were USD 1.05, reflecting a 14 percent increase. During the quarter, Academy Sports + Outdoors opened eleven new stores across ten states. The company also stated it has narrowed its sales and gross margin guidance for the fiscal year.