ASO Q2 Earnings Meet Estimates, Sales Miss, '24 Guidance Down [Yahoo! Finance]
Academy Sports and Outdoors, Inc. (ASO)
Company Research
Source: Yahoo! Finance
The bottom and top lines declined on a year-over-year basis. The quarterly results reflect lower sales across the sports and recreation merchandise and the apparel merchandise divisions due to ongoing macroeconomic uncertainties and a decline in consumers' discretionary spending. Also, a temporary reduction in outbound shipments at ASO's Georgia distribution center related to a new warehouse management information system and several regional severe weather events added to the downtrend. Going forward, Academy Sports aims to focus on increasing traffic and conversion for its stores and website. It expects to achieve the objective by leveraging its improved targeted marketing capabilities and expanding the new loyalty program. Following the results, shares of ASO jumped 5.2% on Tuesday. Quarter in Details Academy Sports reported adjusted earnings per share (EPS) of $2.03, which met the Zacks Consensus Estimate. The metric, however, declined 2.9% year over year. Academy Sport
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ASO
News
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) was downgraded by analysts at Truist Financial Co. from a "buy" rating to a "hold" rating. They now have a $50.00 price target on the stock, down previously from $63.00.MarketBeat
- Sports Equipment Retail Global Industry Guide 2024: Key Financial Metrics, Competitive Pressures Analysis, Volume and Forecasts 2018-2028 [Yahoo! Finance]Yahoo! Finance
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) was downgraded by analysts at Evercore ISI from an "outperform" rating to an "in-line" rating. They now have a $60.00 price target on the stock, down previously from $65.00.MarketBeat
- New Strong Sell Stocks for September 25th [Yahoo! Finance]Yahoo! Finance
- Academy Sports and Outdoors: Strong Buy While Sentiment Remains Low [Seeking Alpha]Seeking Alpha
ASO
Earnings
- 9/10/24 - Beat
ASO
Sec Filings
- 10/31/24 - Form 4
- 9/30/24 - Form 4
- 9/19/24 - Form 4
- ASO's page on the SEC website