earnings
confidence high
sentiment positive
materiality 0.70
Academy Sports Q2 diluted EPS $2.22 (record), up 11.6% YoY; comp sales -6.0%
Academy Sports & Outdoors, Inc.
2022-Q2 EPS reported
$3.90
revenue$3,154,645,000
- Net sales $1.69B (-5.8% YoY), comparable sales -6.0% but e-commerce +12.1% YoY.
- GAAP net income $188.8M (-0.9% YoY); adjusted EPS $2.30 vs $2.34 prior year.
- Reiterated FY2022 net sales $6.43-6.63B, comp -6% to -3%; raised EPS guidance to $6.50-7.25 GAAP (from $6.30-7.00) due to share repurchases.
- Returned $206.4M to shareholders via buybacks (5.6M shares for $200.1M) and dividends; $500M remaining buyback authorization.
- Opened 1 store in Q2, total 261; plans 9 new stores in FY and 80-100 over 5 years.