Academy(US:ASO)2025-06-10 16:09Financial Performance - Net sales for Q1 2025 were $135 billion, a decrease of 09% year-over-year[29] - Comparable sales decreased by 37%[29] - Gross margin was 340%[29] - GAAP EPS was $068, while adjusted EPS was $076[29] Growth and Expansion - Academy Sports + Outdoors operates 303 stores across 21 states[9] - The company opened 5 new stores in Q1 2025[12, 29] - The company plans to open 20-25 new stores in 2025[12] - Year One Sales target for new stores is $12 million - $16 million, with a spend of $4 million - $5 million per store[14] Revised Fiscal 2025 Guidance - Net sales are projected to be between $597 billion and $6265 billion[38] - Comparable sales are expected to range from -40% to 10%[38] - Adjusted earnings per common share, diluted, are projected to be between $545 and $625[38]