By Connor Hart

Academy Sports & Outdoors raised its outlook for the year after sales grew during the recent quarter, driven by increases in both traffic and average ticket.

Chief Executive Steve Lawrence said Tuesday that the new outlook continues to assume inflationary pressures will impact consumer spending for the remainder of the year.

The sporting-goods retailer raised the low end of its sales outlook to $6.23 billion from $6.18 billion, while maintaining the high end at $6.36 billion. Analysts polled by FactSet are looking for sales of $6.31 billion.

Comparable sales, which account for store openings and closings, are now projected to be flat to up 2%, compared with a prior range of down 1% to up 2%. That compares with analyst views for a 0.9% increase.

And earnings for the year are now anticipated to come in between $5.95 a share and $6.35 a share, or between $6.40 a share and $6.80 a share on an adjusted basis. Academy Sports had previously guided for earnings of $5.65 a share to $6.15 a share, and adjusted earnings of $6.10 a share to $6.60 a share.

Wall Street is modeling earnings of $6.11 a share, as well as adjusted earnings of $6.29 a share.

The new outlook came as Academy Sports posted a profit of $52.7 million, or 80 cents a share, for its quarter ended May 2, compared with $46.1 million, or 68 cents a share, a year earlier.

Stripping out one-time items, earnings were 93 cents a share. Analysts were looking for adjusted earnings of 91 cents a share.

Net sales for the fiscal first quarter climbed 6.7% to $1.44 billion, in line with Wall Street models. Comparable sales rose 2.9%, ahead of analyst views for a 2.5% increase.

Shares rose 2.7% to $53.04 in premarket trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 09, 2026 08:37 ET (12:37 GMT)

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