Academy Sports and Outdoors shares exploded higher following the company's second-quarter fiscal 2026 earnings report released before the market opened on September 9. Investors reacted positively to the retailer's adjusted earnings of $2.31 per share, which beat the Zacks Consensus Estimate of $2.10 and represented a 19.1% increase over the prior year. The stock also gained momentum as management raised its full-year adjusted profit forecast, citing effective cost discipline and a 12.8% increase in e-commerce sales, even as comparable sales saw a slight decline of 0.4%.