Academy Sports Q1 net sales down 1.4%; adj. EPS $1.08 vs $1.30 YoY

Academy Sports & Outdoors, Inc.

2024-Q1 EPS reported $1.01 revenue$1,364,220,000

Net sales $1.364B (-1.4% YoY); comparable sales -5.7% on shifted 53-week basis.
GAAP diluted EPS $1.01; adjusted diluted EPS $1.08, down from $1.30 a year ago.
Net income $76.5M (-18.6% YoY); returned $132M to shareholders via buybacks and dividends.
Opened two new stores in Q1; CEO notes customers remain pressured by economic environment.
Board declared $0.11/share quarterly dividend, payable July 18, 2024 to holders of record June 20.

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