Net income at Academy Sports & Outdoors inched down 1% in the second quarter to $188,801,000 from $190,510,000, as lower stock compensation helped offset tightening margins, on 6% lower revenues of $1,686,915,000 down from $1,791,530,000. Excluding last year’s accelerated share vesting and other non-cash items, adjusted net income was $194.9 million against $224.6 million. Comparable sales were also down 6%, with transactions down from last year, but a higher average ticket. E-commerce sales increased 12%, increasing penetration to 10% of the total top line. Trailing 12-month sales per sq. ft was ... Log in to view full article.