earnings
confidence high
sentiment negative
materiality 0.80
Academy Sports Q3 net sales down 6.4%, comparable sales -8.0%; declares $0.09 dividend, $600M buyback
Academy Sports & Outdoors, Inc.
2023-Q3 EPS reported
$4.51
revenue$4,364,463,000
- Net sales $1,397.8M, -6.4% YoY; comparable sales -8.0% (vs -7.2% prior year).
- GAAP diluted EPS $1.31; adjusted diluted EPS $1.38. Net income $100M, -24.1%.
- Board declared $0.09/share dividend payable Jan 10, 2024; record Dec 13, 2023.
- Authorized new $600M share repurchase program through Nov 29, 2026.
- CEO cites weakening consumer sentiment and warm weather for demand softness.