Academy Sports and Outdoors slides after sales guidance disappoints [Seeking Alpha]
Academy Sports and Outdoors, Inc. (ASO)
Company Research
Source: Seeking Alpha
Comparable sales were down 3.6% for the quarter, even though they lapped a weak quarter from a year ago. Gross margin came in at 33.3% of sales vs. 32.8% a year ago and 32.8% consensus. The company reported adjusted net income of $168.2M vs. $163.5M a year ago. EPS slotted in at $2.21 vs. $2.31 consensus and $1.07 a year ago. Academy Sports and Outdoors ( ASO ) opened seven new stores during the quarter for a total of 14 stores in 2023. In 2024, the company plans on opening 15 to 17 new stores. ASO guided for sales growth of -1.5% to +3.5% for FY25. Comparable sales growth is expected to be -4.0% to +1.0% vs. +0.9% consensus. EPS of $5.90 to $6.90 is anticipated vs. $6.36 consensus. CEO outlook: "In 2024, we are focused on our long-range strategy of growing the Company by opening new stores, growing omnichannel sales, customer data acquisition and utilization, and improving our supply chain. Utilizing our strong balance sheet, we will invest in each of these strategic areas w
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ASO
News
- Industry Moves: K-Swiss Continues Building Talent Roster, Wolverine Names Chief Legal Officer + More News [Yahoo! Finance]Yahoo! Finance
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) had its price target lowered by analysts at Wells Fargo & Company from $83.00 to $80.00. They now have an "overweight" rating on the stock.MarketBeat
- Bear of the Day: Academy Sports and Outdoors (ASO) [Yahoo! Finance]Yahoo! Finance
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) had its price target lowered by analysts at Evercore ISI from $75.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
- 3 Top-Ranked Small-Cap Blend Mutual Funds to Invest In [Yahoo! Finance]Yahoo! Finance
ASO
Earnings
- 3/21/24 - Miss
ASO
Sec Filings
- 5/1/24 - Form 4
- 4/24/24 - Form 4
- 4/23/24 - Form 144
- ASO's page on the SEC website