earnings
confidence high
sentiment negative
materiality 0.75
Academy Q1 EPS $1.69 adjusted $1.73; sales down 7.1%; new $600M buyback
Academy Sports & Outdoors, Inc.
2022-Q1 EPS reported
$1.69
revenue$1,467,730,000
- Net sales $1.47B (-7.1% YoY); comparable sales -7.5%; e-commerce grew 18.8%.
- GAAP net income $149.8M ($1.69 diluted EPS); adjusted diluted EPS $1.73.
- Returned $95M to shareholders in Q1 via repurchases ($88.5M) and dividend ($6.5M).
- Board authorized new $600M share repurchase program through June 2025; total available $700M.
- FY2022 guidance revised: net sales $6.43-$6.63B; adjusted diluted EPS $6.55-$7.25.