Academy Sports + Outdoors Reports Second Quarter 2024 Results
Academy Sports and Outdoors, Inc. (ASO)
Company Research
Source: GlobeNewswire
Net Sales Decline (2.2)%; Comparable Sales of (6.9)% GAAP Diluted EPS of $1.95, or $2.03 Adjusted Diluted EPS Year-to-Date Adjusted Free Cash Flow +60%; Utilized to Return $107 Million to Shareholders in Q2 Fiscal 2024 Guidance Revised; Reaffirming Gross Margin Rate Guidance KATY, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) ("Academy" or the "Company") today announced its financial results for the second quarter ended August 3, 2024. "Academy continues to make progress against our strategic initiatives demonstrated by the opening of nine new stores this upcoming quarter, new omni-channel enhancements, such as Door Dash, and leveraging customer excitement around the launch of our new loyalty program. In addition, our inventory discipline drove gross margin expansion of 50 basis points and a 5% reduction in units per store," said Steve Lawrence, Chief Executive Officer. “For the remainder of the year, we will focus
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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