Academy Sports and Outdoors raised its fiscal 2026 earnings forecast after reporting second-quarter adjusted earnings of $2.31 per share, above the $2.07 to $2.09 analyst consensus. Adjusted EPS guidance increased to $6.50-$6.90 from $6.40-$6.80, while GAAP EPS guidance rose to $6.05-$6.45. The retailer's second-quarter net sales increased 3% to $1.647 billion, but comparable sales fell 0.4% as consumers, particularly lower-income households, remained under pressure. E-commerce sales rose 12.8%, gross margin expanded to 40.4% from 36%, and a $83.7 million tariff refund helped support the quarter's results. Academy affirmed its full-year sales and comparable-sales outlook, raised adjusted free cash flow guidance to $300 million-$350 million, opened three stores and plans to open 11 more in the third quarter. Shares rose as much as 11% intraday and closed 7.2% higher.