Academy Sports Q2 GAAP EPS $2.01, sales down 6.2%, comps -7.5%, declares $0.09 dividend

Academy Sports & Outdoors, Inc.

2023-Q2 EPS reported $3.19 revenue$2,966,686,000

GAAP diluted EPS $2.01; adjusted diluted EPS $2.09. Net sales $1,583.1M, down 6.2% YoY.
Comparable sales declined 7.5%; gross margin rate improved 30 bps to 35.6%.
Net income $157.1M, down 16.8% YoY; adjusted net income $163.6M, down 15.5%.
Returned $114M to shareholders via share repurchases and dividends.
Board approved $0.09/share quarterly dividend, payable Oct 11, 2023 to holders of record Sept 13, 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Academy Sports & Outdoors, Inc. reported quarter ended July 29, 2023 results: revenue $ 1,583.1, net income $ 157.1, EPS $ 2.01.

Period: quarter ended July 29, 2023
Revenue: $ 1,583.1
Net income: $ 157.1
EPS: $ 2.01
Result: reported results

Exact text from the filing

that resonate with our core customer.” Second Quarter Operating Results ($ in millions, except per share data) 13 Weeks Ended Change July 29, 2023 July 30, 2022 % Net Sales $ 1,583.1 $ 1,686.9 (6.2)% Comparable Sales (7.5) % (6.0) % Income before income tax $ 203.3 $ 247.0 (17.7)% Net Income $ 157.1 $ 188.8 (16.8)% Adjusted net income (1) $ 163.6 $ 193.5

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Source: SEC EDGAR

accession 0001817358-23-000184

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