Academy Sports and Outdoors (ASO) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Academy Sports and Outdoors, Inc. reported revenue of $1.36 billion for the quarter ended April 2024, a decrease of 1.4% year-over-year, with EPS at $1.08 compared to $1.30 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $1.37 billion, resulting in a surprise of -0.76%, while the EPS also missed the consensus estimate of $1.23 by -12.20% [1] Financial Performance Metrics - Comparable Sales Growth was -5.7%, worse than the average estimate of -3.3% from five analysts [2] - Total Merchandise Sales were reported at $1.35 billion, below the average estimate of $1.38 billion, reflecting a year-over-year change of -1.5% [2] - Net Sales in the Merchandise Division for Outdoors was $374.91 million, compared to the average estimate of $409.17 million, marking a year-over-year decline of -3.6% [2] - Net Sales for Sports and Recreation reached $350.59 million, exceeding the average estimate of $323.21 million, with a year-over-year increase of +2% [2] - Other Sales amounted to $10.66 million, significantly lower than the average estimate of $24.04 million, but showed a year-over-year increase of +12.8% [2] - Footwear sales were reported at $292.44 million, slightly above the average estimate of $284.74 million, with a year-over-year change of -1.3% [2] - Apparel sales were $335.62 million, below the average estimate of $360.91 million, reflecting a year-over-year decline of -2.8% [2] Stock Performance - Shares of Academy Sports and Outdoors have decreased by -5.2% over the past month, contrasting with the Zacks S&P 500 composite's increase of +2.9% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]