Academy Sports + Outdoors vs Burlington

8-K Financial Filing Analysis for Academy Sports + Outdoors (2026-09-09)

On September 9, 2026, Academy Sports and Outdoors, Inc. filed a Form 8-K to furnish its financial results for the second quarter ended August 1, 2026. Under Item 2.02 and Item 7.01, the company announced the issuance of its quarterly earnings press release and published its accompanying Second Quarter 2026 Earnings Presentation on its investor relations website. The filing serves as the official regulatory mechanism to make the quarterly performance metrics and management disclosures publicly available to market participants.

• Furnished financial results for the second fiscal quarter ended August 1, 2026 via press release (Exhibit 99.1).
• Released the Second Quarter 2026 Earnings Presentation to the corporate investor relations portal (Exhibit 99.2).
• Filed under Items 2.02 and 7.01, signed by Executive Vice President, Chief Legal Officer and Corporate Secretary Brandy Treadway.

10-Q Financial Filing Analysis for Academy Sports + Outdoors (2026-09-09)

Academy Sports and Outdoors, Inc. filed its Form 10-Q for the second quarter ended August 1, 2026, reporting net sales of $1.65 billion, a 3.0% increase year-over-year, driven by strength in sports, recreation, and outdoor categories, alongside a 14.1% increase in e-commerce sales. Gross margin expanded 440 basis points to 40.4%, bolstered by $83.7 million in one-time IEEPA tariff refunds recorded as a reduction to cost of goods sold, partially offset by a $72.2 million remittance to a third-party buyer recorded in other expense. Net income reached $137.9 million ($2.17 diluted EPS), compared to $125.4 million ($1.85 diluted EPS) in Q2 2025. During the quarter, the company completed a debt refinancing by issuing $500 million of 5.875% Senior Secured Notes due 2031 and amending its $1.0 billion ABL Facility to extend maturity through May 2031, using the proceeds to fully redeem its 6.00% 2020 Notes and prepay its outstanding Term Loan. Academy also continued its capital return strategy, repurchasing 1.61 million shares for $82.9 million and declaring a quarterly dividend of $0.15 per share.

• Q2 2026 net sales rose 3.0% year-over-year to $1.65 billion with e-commerce growing 14.1%, while net income increased 9.9% to $137.9 million ($2.17 diluted EPS).
• Issued $500.0 million in 5.875% Senior Secured Notes due May 2031 and extended the $1.0 billion ABL Facility to 2031 to fully refinance the 2020 Notes and prepay the remaining Term Loan balance.
• Repurchased 1,608,528 shares of common stock for $82.9 million in Q2 ($182.1 million YTD), leaving $256.1 million authorized under the 2024 Share Repurchase Program.

Q1 2026 Earnings Presentation

Academy Sports + Outdoors released its Q1 2026 earnings presentation, replacing the previous Analyst Day Presentation.

Burlington to Reinvest $55M Tariff Refunds into Lower Prices

Burlington CEO Michael O’Sullivan said the company will put the full $55 million in tariff refunds it received in Q2 toward lower prices rather than retaining the money to boost margins. Burlington reported Q2 sales up 11% year-over-year to nearly $3 billion, with store comps rising 2% and a record 51 store openings in the quarter (net +45). With the tariff refunds included, gross margin widened 250 basis points to 46.2% and net income doubled to $184 million (excluding a $41 million after-tax benefit, net income was $151 million). O’Sullivan said the move supports customers facing higher living costs and helps protect market share amid competitor strength at Ross and weaker comps at TJX U.S.

• Burlington received $55 million in tariff refunds in Q2 and plans to reinvest the full amount into lower prices.
• Q2 total sales rose 11% year-over-year to nearly $3 billion; comparable store sales were up 2%.
• Gross margin expanded by 250 basis points to 46.2% when tariff refunds are included; merchandise margin expanded 70 basis points excluding the refunds.