Academy Sports & Outdoors Misses Results In First Quarter 2024

Conroe Texas store Courtesy Academy SportsCourtesy Academy SportsAcademy Sports & Outdoor (Academy) sales in first quarter failed to meet expectations. Net sales decreased (1.4) % to $1,364.2. Net income was $76.5 million, a drop of (18.6%). This compared with Dick’s Sporting Good report of sales increase of 3.02 million a 6.2 increase, and net earnings of $275 million, a $(3.0) % decrease. Promotions were more convincing at Dick’s.The company has many stress points. There are 15 -17 stores opening this yea ...