Academy Sports and Outdoors, Inc. reported first-quarter earnings and sales that came in below analyst targets. The sporting goods chain widened its guidance for the year to account for potential additional pressure on earnings in the second half tied to inflation.
Sales totaled $1.35 billion, missing Wall Street’s consensus target of $1.37 billion. Earnings on an adjusted basis in the quarter ended May 3 was 76 cents a share compared with analysts’ consensus target of 89 cents.
Data and tables courtesy Academy Sports and Outdoors, Inc.
See below for SGB Executive coverage of CEO and CFO commentary on Q1, categories, Nike & Jordan, Dick’s & Foot Locker, tariffs and 2025 outlook, as well responses to analysts questions:
EXEC: Academy CEO Sees Promising Returns from Improved Nike Allocations, Jordan Launch
