US Sports Company Q2 Beats Expectations, Multiple Analysts Adjust Price Targets

US Sports Company reported better-than-expected second-quarter results on Tuesday and raised its full-year outlook.

US Sports Company reported adjusted earnings per share of 22 cents, beating the consensus estimate of 11 cents. Revenue rose 32% year-over-year to $1.633 billion, exceeding the $1.543 billion expectation.

For the third quarter, US Sports Company expects earnings per share of 31 cents to 33 cents, below the 39-cent consensus estimate at the midpoint. The company expects revenue of $2.072 billion to $2.107 billion, exceeding the $2.065 billion consensus estimate at the midpoint.

US Sports Company raised its full-year 2026 GAAP earnings per share outlook from $1.18 to $1.23 to $1.27 to $1.30. The new range is above the analyst expectation of $1.20. The company also raised its revenue outlook from $7.879 billion to $8.011 billion to approximately $8.142 billion, exceeding the $8.023 billion expectation.

Chief Executive Officer James Zheng said: "Our global momentum continued in the second quarter, with revenue growth exceeding 30% and significant operating margin expansion. All business segments, geographies, and channels delivered strong double-digit growth, with Salomon Softgoods performing exceptionally well again, Arc'teryx showing strong omnichannel performance, and Wilson Tennis 360 accelerating growth."

US Sports Company shares rose 0.6% on Wednesday, trading at $33.83.

Analysts Adjust Price Targets

The following analysts adjusted their price targets for US Sports Company following the earnings release.

Barclays analyst Adrienne Yih maintained an Overweight rating on the stock, raising the price target from $49 to $50.

Truist Securities analyst Joseph Civello maintained a Buy rating on the stock, lowering the price target from $50 to $42.

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