Academy Sports (ASO) Q4 Earnings Miss, Net Sales Top Estimates

Academy Sports and Outdoors, Inc. (ASO) reported mixed fourth-quarter fiscal 2023 results, with earnings missing the Zacks Consensus Estimate and net sales surpassing the same. The top and the bottom lines grew on a year-over-year basis.The results reflect sequential as well as year-over-year increases in comparable sales, attributable to normalizing consumer sentiments and the company’s resilient business initiatives. Also, long-term investment plans and brand image position the company well to witness gro ...