ASO Q3 Earnings & Revenues Miss Estimates, FY24 Guidance Down

Academy Sports and Outdoors, Inc. (ASO) reported third-quarter fiscal 2024 (ended Nov. 2) results, with both top and bottom lines missing the Zacks Consensus Estimate. Both metrics also declined year over year.The sales decline for the fiscal quarter was largely caused by challenges in October, which proved to be a tough month for the company. Unseasonably warm weather persisted throughout the month across its operating regions, negatively impacting seasonal business performance and contributing to an estim ...