Academy Sports + Outdoors vs Macy's

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.

DoorDash Adds Retailers, Launches Text Shopping Assistant

DoorDash has added Macy's, Anthropologie, The North Face, Vans, and Timberland to its retail marketplace, expanding beyond restaurant delivery. The company also launched Dasher Returns, a service that coordinates pickups for product returns. On the technology side, DoorDash announced Text DoorDash, an expansion of its Ask DoorDash in-app assistant, allowing customers to place orders via text messaging. These moves follow a milestone partnership with Costco and the expansion of its SNAP/EBT program with seven new grocers. DoorDash aims to build a 'mall in your pocket' by reducing friction in online shopping, leveraging AI and agentic assistants to improve discovery and conversion. The company reports over 4.5 million users have added SNAP cards, and 75,000 stores accept the benefit. The focus is on serving routine shopping habits and providing value through savings and convenience.

• DoorDash added Macy's, Anthropologie, The North Face, Vans, and Timberland to its retail marketplace.
• DoorDash launched Dasher Returns, a service for coordinating product return pickups.
• DoorDash announced Text DoorDash, an expansion of its Ask DoorDash assistant for ordering via text.

10-Q Financial Filing Analysis for Macy's (2026-09-10)

For the second quarter ended August 1, 2026, Macy's, Inc. reported total revenue of $5.06 billion, up 1.2% year-over-year from $5.00 billion in Q2 2025, driven by net sales growth to $4.87 billion and comparable sales growth of 2.7% across all nameplates. Gross margin rate improved 180 basis points to 41.5%, significantly aided by $95 million in gross tariff refunds received under the International Emergency Economic Powers Act (IEEPA). Operating income surged 63.8% to $244 million compared to $149 million in the prior-year period, while net income almost doubled to $169 million ($0.62 per diluted share). Operating cash flow for the first 26 weeks reached $586 million, boosted by a $328 million credit card interchange fee litigation settlement.

• Total revenue for Q2 2026 grew to $5,059 million with net sales of $4,866 million and comparable sales expanding 2.7% (Bloomingdale's up 11.3%, Bluemercury up 6.2%, Macy's up 1.1%).
• Net income increased 94.3% YoY to $169 million ($0.62 diluted EPS), benefiting from $95 million in IEEPA tariff refunds credited to cost of sales and an additional $3 million interest benefit.
• Operating cash flow for the first half of 2026 reached $586 million (up from $255 million in H1 2025), driven by $328 million received from credit card interchange fee litigation settlements.

Macy's Rolls Out AI Inventory Replenishment Tool

Macy's Inc. is expanding an artificial intelligence forecast overlay to its inventory replenishment operations, moving from pilot to broader implementation, according to its September 10 earnings call. The initiative aims to improve in-stock levels and drive inventory efficiencies by ensuring the right product is in the right place at the right time. COO and CFO Tom Edwards highlighted that supply chain efficiencies are expected in the second half of 2026, benefiting gross margin. This rollout is part of Macy's 'Bold New Chapter' transformation plan launched in 2024, expected to generate $235 million in savings by 2026. The company enters the fall season in a good inventory position, with inventory up 2.5% in Q2, aligned with sales growth. Other retailers like Target, Lowe's, and Kohl's are also optimizing inventory management with AI and other technologies.

• Macy's is rolling out an AI forecast overlay for inventory replenishment, moving from pilot to broader implementation.
• The AI capability aims to improve in-stock levels and inventory efficiencies.
• COO and CFO Tom Edwards announced the rollout during a September 10 earnings call.