earnings
confidence high
sentiment negative
materiality 0.70
Academy Sports Q3 net sales down 3.9% to $1.34B; GAAP EPS $0.92, adjusted $0.98; narrows FY guidance
Academy Sports & Outdoors, Inc.
2024-Q3 EPS reported
$3.86
revenue$4,256,530,000
- Net sales $1,343M (-3.9% YoY); comparable sales -4.9% vs -8.0% prior year Q3.
- GAAP diluted EPS $0.92; adjusted diluted EPS $0.98, both down ~29% YoY.
- New $700M share repurchase program authorized; quarterly dividend $0.11/share declared.
- Plans to open 20-25 new stores in fiscal 2025 (~7.5% unit growth at midpoint).
- Narrows FY2024 guidance: net sales $5,895M-$5,940M, adjusted EPS $5.80-$6.10.