Net Sales Decline (2.2)%; Comparable Sales of (6.9)% GAAP Diluted EPS of $1.95, or $2.03 Adjusted Diluted EPS Year-to-Date Adjusted Free Cash Flow +60%; Utilized to Return $107 Million to Shareholders in Q2 Fiscal 2024 Guidance Revised; Reaffirming Gross Margin Rate Guidance KATY, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) ("Academy" or the "Company") today announced its financial results for the second quarter ended August 3, 2024. "Academy continues to make p ...

Academy Sports and Outdoors, Inc. ASO will release earnings results for its second quarter, before the opening bell on Tuesday, Sept. 10.Analysts expect the Katy, Texas-based company to report quarterly earnings at $2.03 per share, down from $2.09 per share in the year-ago period. Academy Sports and Outdoors is projected to post revenue of $1.57 billion, according to data from Benzinga Pro.On Sept. 5, Academy Sports and Outdoors' board approved the declaration of a quarterly cash dividend of 11 cents per sh ...

Academy Sports and Outdoors, Inc. (ASO) is set to expand its retail presence by opening nine new stores in fall 2024. This expansion is part of the company's broader strategy to enhance its market reach and strengthen its position in the sporting goods and outdoor recreation industry.The new stores will be located in Beckley, WV; Kingsport, TN; Bloomington, IN; Selma, NC; Ft. Myers, FL; Birmingham, AL; Springfield, OH; Bradenton, FL; and Bulverde, TX. These additions should extend Academy Sports' footprint ...

The nine new locations will strengthen Academy's existing footprint across eight statesKATY, Texas, Sept. 3, 2024 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is excited to announce it will open 9 new stores in fall of 2024 in Beckley, West Virginia; Kingsport, Tennessee; Bloomington, Indiana; Selma, North Carolina; Ft. Myers, Florida; Birmingham, Alabama; Springfield, Ohio; Bradenton, Florida; and Bulverde, Texas. A ...

KATY, Texas, Aug. 27, 2024 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy" or the "Company") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, plans to release its second quarter fiscal 2024 financial results before the market opens on Tuesday, September 10, 2024.Academy will host a live conference call that day at 10:00 a.m. Eastern Time to discuss the financial results. Participants interested in accessing the live call can dial 1-877-407-3982 (U.S.) or 1-201- ...

Academy Sports and Outdoors, Inc. (ASO) will likely report a decline in the top and the bottom line when it reports second-quarter 2024 results.The company’s earnings have missed the Zacks Consensus Estimate in the trailing three out of four quarters, with the average miss being 7.3%.Image Source: Zacks Investment ResearchThe Trend in Estimate RevisionThe Zacks Consensus Estimate for second-quarter earnings per share (EPS) is pegged at $2.03, down 2.9% year over year.  In the past 30 days, earnings estimate ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Academy Sports and Outdoors, Inc. (ASO) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss ...

Academy Sports and Outdoors, Inc. (ASO) is navigating a challenging macroeconomic environment that is impacting its customer base. With inflation rates remaining high, the company is witnessing curtailment regarding discretionary spending on non-essential items like sports equipment and outdoor goods.The current economic climate led to notable shifts in consumer behavior. With personal savings depleted, consumers are becoming more cautious with their discretionary spending. Customers are shopping episodical ...

Is it time to buy retail stocks to buy on the dip? Amid high uncertainty surrounding the near-term prospects of both consumer discretionary retailers, as well as historically recession-resistant retailers like discount stores and grocery stores, this may be a question on your mind.With consumer discretionary retailers, headlines discussing a slowdown in U.S. consumer spending call into question the merits in buying such names at this point in the economic cycle. That’s not all. Many consumer discretionary r ...

This trio of stocks has 25% to 57% upside, according to the professionals.Professional analysts aren't always right about which stocks to buy or how high those stocks could go. But when there's a strong consensus among them, I don't ignore it.After all, these people became professionals due to their deep knowledge of how businesses and the stock market work. If they widely agree about something, it's worth noting.There are many tools that are publicly available to track the opinions of analysts, one of whic ...