Academy Sports + Outdoors Reports 2023 Fiscal Results

Conroe Texas storeCourtesy Academy SportsAcademy Sports + Outdoors just reported full year fiscal 2023 sales and earnings. Many customers were reluctant to spend a lot of money since inflation and economic uncertainty caused a heavy headwind that negatively impacted sales. The company reported sales of $6,159 million compared to last year’s $6, 395 million. That is a -3.7% decrease. Earnings per share also declined, from $7.49 to $6.70, a -10.5 % decrease.During the year, the company opened 14 new stores an ...