Academy Sports Q1 GAAP EPS $1.19, revenue down 5.7% amid macro headwinds

Academy Sports & Outdoors, Inc.

2023-Q1 EPS reported $1.19 revenue$1,383,609,000

GAAP net income $94M ($1.19 diluted EPS); adjusted diluted EPS $1.30.
Net sales $1.384B, down 5.7% YoY; comparable sales fell 7.3%.
Income before income tax $118.7M, down 39.2% from $195.3M a year ago.
Opened one new store in Q1; plans 13-15 new stores in full year 2023.
CEO cites macro-economic pressures, unfavorable weather and tough hunting comparisons.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Academy Sports & Outdoors, Inc. reported financial results for the first quarter ended April 29, 2023.

Period: the first quarter ended April 29, 2023
Result: reported results

Exact text from the filing

On June 6, 2023, Academy Sports and Outdoors, Inc. (the “Company”) issued a press release announcing financial results for the quarter ended April 29, 2023.

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Source: SEC EDGAR

accession 0001817358-23-000151

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